Why AMC Entertainment Stock Dropped 5% Today
Shares of movie meister AMC Entertainment (NYSE: AMC) lost 5.2% in Thursday trading and continued to fall in the after-hours. There's been no "new" news today to explain the decline, so I can only presume that it took investors a while to work out the math on yesterday's press release.
So what did AMC say yesterday, and why might it be dragging the shares down today?
In an upbeat press release, AMC boasted that it has just crossed "the 1,000,000 attendance mark" for moviegoers returning to its theaters "since reopening on August 20." But here's the thing:
Source Fool.com
