Movie Theater Stocks Plummet After Modest Avatar 2 Opening Weekend
Shares in AMC dropped 8.26 percent on Monday, when Cinemark sunk 10.30 percent (CNK has rallied back a few points in after-hours trading). IMAX closed the first trading day after the “Avatar 2” opening weekend down 5.76 percent. Disney, the studio behind “Avatar: The Way of Water,” declined 4.77 percent to hit a low point not seen since 2014. (The beginning of the pandemic came darn close for Disney, which was forced to shut down theme parks....