Why AMC Entertainment Stock Was Sliding Today

Shares of AMC Entertainment (NYSE: AMC) were moving in reverse today as the stock slid following a brief spike last Friday after the company announced it would reopen theaters in July. 

Though there was no specific news out on the company today, the stock was moving lower in tandem with other "gathering place" stocks as investors reacted to news of rising coronavirus cases across a number of states. AMC stock was down 3.9% as of 12:08 p.m. EDT.

Image source: AMC.

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Source Fool.com