AMC Sinks 7%, Gives Back Part of Sharp Rally; Cinemark and IMAX Dip
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The post AMC Sinks 7%, Gives Back Part of Sharp Rally; Cinemark and IMAX Dip appeared first on 24/7 Wall St..
Selling is landing hard on AMC Entertainment (NYSE:AMC) stock as the theater chain is giving back part of a sharp rally from the prior session. AMC stock is at $3.05, down 7% in afternoon trading. Meanwhile, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.3%, leaving major indexes close to flat and making the AMC pullback stand out even more.
Two other listed theater stocks, Cine
Selling is landing hard on AMC Entertainment (NYSE:AMC) stock as the theater chain is giving back part of a sharp rally from the prior session. AMC stock is at $3.05, down 7% in afternoon trading. Meanwhile, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.3%, leaving major indexes close to flat and making the AMC pullback stand out even more.
Two other listed theater stocks, Cine
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