Cinemark stock rises 1.6% as ‘Barbie’ and ‘Oppenheimer’ enjoy blockbuster opening weekend

Shares of movie theater operator Cinemark Holdings Inc.
CNK,
-0.42%
rose 1.6% in premarket trades Monday, boosted by the strong opening weekend box office performance of “Barbie” and “Oppenheimer.” The eagerly-anticipated movies opened Friday. “Barbie” and “Oppenheimer” even sparked an internet phenomenon dubbed “Barbenheimer,” with people watching both films on the same day. Cinemark’s stock ended Friday’s session down 0.8% and is up 78.8% this year.