Why AMC Entertainment Stock Dropped Today
Shares of AMC Entertainment (NYSE: AMC) were falling again today as the movie theater operator was reeling from fears that moviegoers would stay away due to COVID-19 coronavirus fears. Today's losses come after the producers of the new James Bond film No Time to Die said they would delay the opening of the film from next month to November.
Movie theater stocks were down broadly on the news and have fallen sharply since the coronavirus outbreak first began to rattle market last week. Today, AMC Entertainment stock was down 11.9% as of 1:14 p.m. EST, while the S&P 500 was down 3.6%.
Image source: Getty Images.
Source Fool.com
