Showbiz Shares Swoon As COVID-19 Cases Spike In Some States, Theater Stocks Hard Hit

Shares of Cinemark and National CineMedia were down over 11% and 12% respectively in afternoon trading. AMC Entertainment had plunged more than 1% after days of gains. Marcus, which announced phased reopening plans this morning, was off 8%. (Airlines, cruise lines and hotel stocks were also getting killed).

Source: Not So Fast: Market And Showbiz Shares Swoon As COVID-19 Cases Spike In Some States, Theater Stocks Hard Hit