What happened Shares of movie theater chain AMC Entertainment Holdings (NYSE: AMC) climbed 3.4% through 3 p.m. EDT Monday after the state of New York announced it will soon increase allowed capacity in its movie theaters by 50%. As Deadline.com reported this afternoon, New York's new COVID-19 safety guidelines will permit theaters to increase capacity from 25% (currently) to 33% (effective April 26), about a 50% increase. Image source: Getty Images. So what This may be only the beginning. With the summer movie season fast approaching, the New York chapter of the National Association of Theatre Owners is asking the governor to continue raising movie theater capacity limits, hoping to get to 50% capacity by Memorial Day (May 31) and then to 75% by July 4 -- "in time for the rollouts of major tentpoles like Cruella, A Quiet Place 2, F9 and Black Widow." Elsewhere, California has raised the idea of permitting theaters to resume operating at full capacity by mid-June. Now what Deadline notes that New York isn't ready to go that far just yet, adopting "a more gradual approach" to reopening instead. But AMC says it can operate profitably even at only partial capacity. For the time being, analysts continue to forecast losses for AMC -- both this year and next year as well. Starting next week, AMC will get its chance to prove them wrong. 10 stocks we like better than AMC Entertainment HoldingsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and AMC Entertainment Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source