Why AMC Stock Dropped Tuesday
Sharp moves in AMC Entertainment's (NYSE: AMC) share price are nothing new this year. The meme stock has endured big jumps and steeps drops with seemingly no reason beyond the flow of chatter on social media's investing forums. On Tuesday, the U.S. stock market was trending downward, and shares of the theater operator were too. But there has also been some worrisome news recently about a situation that could impact AMC's future. As of 12:10 p.m. EDT, AMC shares were down about 4.3%.
Over the last week, AMC shares are down by almost 6.5%. That drop may have been related to something Walt Disney CEO Bob Chapek said while speaking at the Goldman Sachs Communacopia Conference last Tuesday.
Image source: Getty Images.
Source Fool.com
