AMC Entertainment – Shares of the movie theater giant jumped 25.8% as it began reopening theaters in Los Angeles. AMC reopened two locations in the city on Monday, and plans to reopen the remaining 23 Los Angeles theaters by Friday. The company is hoping to have all of its locations across the state opened by Friday.
American Airlines,
United Airlines,
Delta Air Lines and Alaska Air Group - Shares of the major U.S. airlines jumped on Monday amid optimism about a return to normal travel amid vaccine rollout. Air travel over the weekend
hit its highest level in more than a year and airlines are seeing increased bookings. Shares of American Airlines and United Airlines rose by 8.3% and 7.7%, respectively. Delta popped 2.3% and Alaska Air Group gained 5.8%.
MGM Resorts -- The hotel and gaming stock rose about 5.1% after investment firm Jefferies
upgraded MGM to buy from hold. The company cited an improving outlook for Las Vegas travel and the rise of online gambling as reasons for optimism.
Eli Lilly – Shares of the drugmaker fell by more than 9% after a phase two trial for donanemab showed that the treatment slowed the progression of Alzheimer’s disease. Mizuho Securities said in a note that the results were “solid, not stunning.”