AMC Entertainment Holdings Inc (NYSE: AMC) shares shot up over 20% in regular and after-hours sessions today.

What Happened: AMC shares rallied on Monday after New York Governor Andrew M. Cuomo announced that movie theaters in New York City are now permitted to re-open.

“We will now be reopening various recreational activities across the state including billiard halls, weddings and movie theaters in New York City,” the governor said in a statement.

Additionally, movie theaters closed in any remaining parts of the state can also reopen on March …

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