What happened Shares of AMC Entertainment (NYSE: AMC) jumped 15.3% on Monday after Governor Andrew Cuomo said movie theaters could reopen in New York City on March 5. So what New York's reopening plan comes with some stipulations. Theaters can operate at 25% capacity, while guests will be limited to a maximum of 50 people per screen. "Assigned seating, social distancing, and other health precautions will be in place," Cuomo said. Still, investors cheered the news, and rightfully so. The ability to once again operate its venues in a major market is certainly a positive for the struggling movie theater chain. AMC moved quickly to seize the opportunity. Image source: AMC Entertainment. AMC said it would reopen all 13 of its theaters in New York City starting on March 5. "Governor Cuomo's announcement that movie theaters can reopen in New York City in the first week of March is another important step toward restoring the health of the movie theater industry and of our company," AMC CEO Adam Aron said in a press release. Now what AMC will implement new health and safety procedures that it developed in collaboration with Clorox and Harvard University. These include social distancing measures, mandatory mask-wearing, upgraded air filtration systems, and increased sanitization efforts. However, while necessary, the cost of these procedures will likely weigh on AMC's profitability. It also remains to be seen whether people will rush back to theaters during the coronavirus pandemic or simply watch movies in the comfort and safety of their own homes. Although the chance to open more of its theaters is a step toward a potential recovery, AMC's stock remains a high-risk investment. 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 Joe Tenebruso 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