Shares of publicly traded move chains fell sharply Monday while broader markets rose as Disney’s Black Widow helped drive the post (ish) pandemic box office to new highs but plenty of viewers siphoned off to Disney+, raising an alarm or at least a lot of questions.AMC Entertainment, the biggest U.S.
chain, saw its shares fall nearly 8% during the session. Cinemark, Marcus, Imax and National CineMedia dropped, respectively, 6.6%%, 3.5%, 3%, and 4.4%.AMC, a meme stock that’s now owned by millions of individual investors, is extremely volatile but has been on clear downward trajectory lately, shedding $20 bucks since early June.
Read more on deadline.com