Why AMC Entertainment Is Falling Today
Shares of AMC Entertainment Holdings (NYSE: AMC) were falling 5% in morning trading Friday after a big 10% gain the day before.
The situation around movie theaters remains dicey as people are proving they are willing to get that big screen experience even if they're watching old movies. However, with social distancing protocols in place limiting seating capacity to 30% to 50%, and AMC selling tickets at just $0.15 a piece to lure moviegoers back in, the company's ability to generate revenue is severely constrained.
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Source Fool.com
