Latest in iPic

Shares of luxury exhibitor iPic, which operates 16 theaters in nine states including New York and California, jumped 19% on Friday on 10 times their normal trading volume. The rally isn’t likely to last, though, as word came Thursday from the SEC that the bankrupt company’s stock is set to be delisted next week from…

Luxury dine-in theater chain iPic is filing for Chapter 11 bankruptcy amid financial woes that include a recent quarterly loss of $9.3 million, and missing a $10.1 million interest payment to the Employees Retirement System of Alabama and the Teachers Retirement System of Alabama. Today, the pic’s stock is at $0.70…