AMC Theatres Shares Take a 20% Nosedive After Analyst Downgrade
AMC Entertainment shares dropped more than 20% today after a new analyst downgrade. B. Riley FBR analyst Eric Wold downgraded AMC’s stock to sell, causing the shares to plummet this morning. This is just the latest bad news for the theater chain after it was reported over the weekend thatAMC Theatres are looking to file Chapter 11 bankruptcy. Theaters all over North America have been closed since the middle of March and it’s unclear when they’ll be able to open again....