Why AMC Entertainment Is Tumbling 5.6% Today
Shares of AMC Entertainment (NYSE: AMC) were trading 5.6% lower heading into midday trading on Wednesday as the rollout of the COVID-19 vaccine proceeds more slowly than expected.
A broadly vaccinated population can save the theater industry from collapse and allow consumers to feel comfortable going out to the movies once more. It would also mean movie studios would begin releasing more films into theaters rather than delaying their premieres.
Image source: Getty Images.
Source Fool.com
