Why AMC Entertainment Stock Was Falling Today
Shares of AMC Entertainment Holdings (NYSE: AMC) were cooling off today as domestic box office receipts declined this weekend from the prior one and as ticket sales for Walt Disney's (NYSE: DIS) Black Widow tumbled in its second weekend in theaters, which could show the impact of the Marvel movie's simultaneous release on Disney+. In fact, the movie theater industry lobbying group took a swipe at the strategy.
As a result, AMC stock was down 9.8% as of 10:11 a.m. EDT.
Image source: AMC Entertainment.
Source Fool.com
