Why AMC Entertainment Stock Just Dropped 7%
Shares of movie theater operator AMC Entertainment (NYSE: AMC) had a great Wednesday, surging as much as 25% after the company initiated a war of words with Comcast (NASDAQ: CMCSA) over the latter's Universal Studios' plan to create a new business model in which it would begin releasing new movies simultaneously both in theaters (which AMC can charge for) and for streaming "over the top" (which AMC cannot charge for).
Today though, AMC stock is heading the other way -- down 7% in noonday trading.
Why?
Source Fool.com
