Movie Theaters Need Windows Tweaks To Entice Studio Product, Wall Street Analyst Says; Stocks Fall Amid Estimate Cuts
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.