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Why AMC Networks Stock Dropped, Then Popped Today

TheMotleyFool

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After initially getting spooked by an analyst downgrade, investors flocked back to buy shares of cable and streaming TV company AMC Networks (NASDAQ: AMCX), sending the shares up 2% through 1:20 p.m. ET.

The streaming company, best known for airing such hit series as Breaking Bad, Mad Men, and The Walking Dead, got hit with a downgrade to underweight (i.e., sell) by investment bank Morgan Stanley this morning. That explains why the stock sold off early today.

But why are investors now buying AMC stock back?

Source Fool.com