Why AMC Entertainment Stock Lost 32% in July
Shares of AMC Entertainment (NYSE: AMC) were pulling back last month as the high-flying movie theater stock got a dose of reality when Disney (NYSE: DIS) successfully debuted "Black Widow" in theaters and on Disney+ simultaneously. The news added credence to the argument that movie theaters are getting disrupted by streaming services, especially after the surge in streaming during the pandemic.
According to data from S&P Global Market Intelligence, the stock finished the month down 32%. As you can see from the chart below, the stock's slide came during the first half of the month.
Source Fool.com
