Cinemark stock leaps toward 8-month high as it scored the highest 1-day attendance in 3 1/2 years over the weekend

Shares of Cinemark Holdings Inc.
CNK,
+6.57%
jumped 4.5% toward an eight-month high in morning trading Monday, after the movie theater operator said that on April 8 it scored the highest single day of attendance since Christmas Day 2019. The company said “sensational” openings by Universal Pictures’ “The Super Mario Bros. Movie” and a “strong” opening by Amazon Studio’s “Air” helped drive attendance, as did “significant” carry over from movies such as “John Wick: Chapter 4”, “Dungeons & Dragons: Honor Among Thieves” and “Scream VI.” Cinemark’s announcement comes as Imax Corp.
IMAX,
+5.25%
said earlier Monday that its box office take from “The Super Mario Bros. Movie” of $21.6 million in the opening weekend was the highest ever for an animated film. Imax shares rallied 3.2% toward a 13-month high. “2023 moviegoing is off to an exceptional start, and we are thrilled for consumers to experience a growing volume of highly anticipated films over the coming months,” said Cinemark Chief Executive Sean Gamble. Among other movie theater operators, shares of AMC Entertainment Holdings Inc.
AMC,
+6.94%
rose 3.2% and Marcus Corp.
MCS,
+7.73%
leapt 5.1% toward an eight-month high, while the S&P 500
SPX,
+0.10%
fell 0.7%.