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Movie Theater Chain Stocks Collapse During Dismal Summer

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The Hollywood Reporter reports: “Woe unto those who have owned stock in movie theaters this summer, as their investments have been thrashed even in a bull market, the impetus being lousy attendance in the past three months. The largest chain, AMC Entertainment, with 11,083 screens in 1,009 theaters, has been hit hardest, its shares dropping a dramatic 45 percent since Memorial Day while the Dow Jones Industrial Average has gained nearly 4 percent. Regal Entertainment (7,379 screens in 566 theaters) has seen shares plunge 28 percent in the same time frame while shares of Cinemark Holdings (5,926 screens in 529 theaters) have dropped 18 percent.”

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