Dade Hayes, Jill Goldsmith Movie theater stocks slid further on Friday as Wall Street analysts lowered their outlook due to COVID-19 and AMC’s CEO called on New York Gov.
Andrew Cuomo to open theaters in New York.Shares in AMC, Cinemark, National CineMedia and Reading International all slid between 1% and 3% on a day when stocks overall posted modest gains.
Imax Corp. was unchanged and Marcus Corp. rose a fraction. The major roadblock for theaters is continued closures in New York in LA, with no end in sight.
More bad news came Friday when Canadian authorities said Toronto, a major North American market, is closing its theaters due to an uptick in coronavirus infections.
Read more on deadline.com
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