Pursuits
Movie-Theater Stocks Sink as CEOs Warn of Tough Second Quarter
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Movie-theater stocks fell Friday after two top executives said the industry faces difficult sales comparisons with last year’s second quarter, which was led by the box-office hits “Jurassic World,” “Furious 7,” and “Avengers 2.”
AMC Entertainment Holdings Inc. plunged as much as 7.6 percent, Regal Entertainment Group lost 6.5 percent and Cinemark Holdings Inc. tumbled 4.5 percent. Carmike Cinemas Inc., which has agreed to be acquired by AMC, slipped less than 1 percent.