Here's Why AMC Entertainment and Other Movie Theater Stocks Are Plunging on Monday
The stock market was having a pretty strong day on Monday morning as investors seemed quite optimistic about President Trump's recovery from COVID-19, as well as the possibility that a new stimulus deal will be reached. Leading U.S. movie theater operator AMC Entertainment Holdings (NYSE: AMC) was down by more than 11% for the day on the heels of a large decline in September, and Cinemark Holdings (NYSE: CNK) was lower by 12%. EPR Properties (NYSE: EPR), which derives 45% of its rental income from theaters, was lower by nearly 10%.
