Shares of AMC Entertainment Inc. AMC,
it shot up 6.5% in Friday morning trading, setting it on track with a weekly gain of 36.0%, and has now risen 95.9% amid a four-week streak of wins. The film operator revealed in its annual report to the Securities and Exchange Commission that as of March 5, 527, or 89.5% of its U.S. cinemas, and 78, or 21, 9% of its international theaters leased and associated, operated with seats. The company said that if assistance levels increase as currently expected, as restrictions related to the COVID-19 pandemic are reduced, it will have enough liquidity to meet the minimum requirements of the debt pact to finance operations. and meet obligations at least until March 2022. AMC said that in 2021, rent costs are expected to increase “significantly” due to rental obligations that were deferred for that year and future years totaling $ 450 million as of December 31. The company said it will continue to explore ways to generate additional liquidity and negotiate with its landlords to reduce or defer a substantial portion of its rental obligations. Shares of AMC, which have lost 45.0% since closing the more than two-year high of $ 19.90 on Jan. 27, have skyrocketed 276.3% over the past 12 months, while the S&P 500 SPX,
has risen by 58.5%.