Shares of AMC Entertainment (NYSE: AMC) were moving in reverse today as the stock slid following a brief spike last Friday after the company announced it would reopen theaters in July.
That's obviously been devastating for revenue. The decline is likely driven by a mixed Q3 2019 earnings report by the company… AMC's stock rose 1.0% in afternoon trading. Motley Fool Returns . As of 11:45 a.m. EDT today, the stock was up just under 1%, but it had been down 10% earlier in the session. AMC Entertainment stock fell after its … Over the last three years, shares have lost more than 80% of their value, severely underperforming the market during that time. The risk is twofold. As a result, the stock was up 4.6% as of 1:51 p.m. EDT after gaining as much as 12.9% earlier in the session.Stock Advisor launched in February of 2002. It's a continuation of a painful journey for AMC shareholders. As of 11:45 a.m. EDT today, the stock was up just under 1%, but it had been down 10% earlier in the session. AMC also recorded a $1.85 billion impairment charge, as it marked down the value of many of its theaters. Over the last three years, shares have lost more than 80% of their value, severely underperforming the market during that time. The stock is down 40% year to date, and with cable audiences continuing to dwindle, finding a buyer seems to be AMC's best option. Returns as of 07/30/2020.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.The stock is down 40% year to date, and with cable audiences continuing to dwindle, finding a buyer seems to be AMC's best option. Returns as of 07/30/2020.AMC has around 600 movie theaters in the U.S., all of which are closed because of the coronavirus. It’s a continuation of a painful journey for AMC shareholders. But the company is slated to reopen 450 locations on July 15, and the remaining theaters shortly thereafter.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.It's a continuation of a painful journey for AMC shareholders. COVID-19 closed movie theaters, so moving past that event should be a good thing. "Tenet" is now expected to be released on Aug. 12 and "Mulan" is expected to drop on Aug. 21. Stock Advisor S&P 500. Why Movie Theater Stocks Are Down, but 1 TV Stock Is Up Today AMC and Cinemark shares tumble on cinema closures, but Central European Media is thriving.
And second, if studios fear low attendance at theaters, movie releases may get delayed.Stock Advisor launched in February of 2002. But Credit Suisse is looking at rising coronavirus cases in the U.S. as reason to be concerned.
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