What happened Shares of AMC Entertainment (NYSE: AMC) were soaring 17% higher in afternoon trading Friday, despite announcements that movies such as the premiere of the latest James Bond film No Time to Die have been delayed yet again, this time until October. So what Although delaying films should have a negative impact since few moviegoers will come to the cinema without new titles, AMC is opening dozens of theaters this month that were previously forced to remain closed. Image source: Getty Images. Nothing has really changed in regards to the situation surrounding the COVID-19 pandemic, but a number of cities and states that were previously adamant about keeping public venues closed have suddenly had a change of heart and will now allow them to reopen. Illinois, for example, reshut theaters in November, but just released a plan that includes allowing theater operators to reopen. AMC will reopen seven theaters today and dozens more on Jan. 29. However, masks will be required and occupancy limits of 25% of capacity will be imposed. Now what While not having a fresh slate of films is a problem, being closed was even worse, as AMC has been able to generate at least some income from open theaters through innovative ideas such as renting out the entire hall to groups. Other films getting pushed back include Cinderella, which will now come out in July, as well as sequels to Peter Rabbit and Ghostbusters that have been delayed until November. 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 November 20, 2020 Rich Duprey 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