Why Dave & Buster's Entertainment Stock Plunged 16.3% on Monday

Shares of entertainment and restaurant company Dave & Buster's Entertainment (NASDAQ: PLAY) plunged as much as 17.7% in trading Monday as investors fled the industry. Shares closed down 16.3%, despite the S&P 500 climbing 3.4% on the day. 

There wasn't much specific news about Dave & Buster's outside of announcing that fiscal fourth-quarter 2019 results will be released after the market close on Thursday. That's really when we'll get an idea how COVID-19 is affecting the business. 

Image source: Getty Images.

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Source Fool.com