Movie Theater Stocks Fall in Early Trading After 'Dark Knight Rises' Shooting (Updated)

Movie Theater Stocks Fall in Early Trading After 'Dark Knight Rises' Shooting (Updated)

Stocks fell for most theater chains and affiliated companies in the wake of the shooting

Published: July 20, 2012 @ 10:38 am
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By Alexander C. Kaufman

Updated 1:15 p.m. PST

Movie theater stocks plummeted on Wall Street Friday in the wake of a shooting spree at a suburban Denver premiere of the Batman film "The Dark Knight Rises." 

Cinemark, the company that owns the theater where a gunman killed 12 and injured up to 59, took a dive in early trading, falling to -4.6 percent.

The country's largest chain, Regal, also sank -4.4 percent.

IMAX faired slightly better, falling to -2 percent.

Also read: Box Office: 'Dark Knight Rises' Scores Second Highest Grossing Midnight Opening in History

Originally an outlier, Georgia-based Carmike Cinemas rallied into the black at 0.2 percent Friday morning, but nosedived to -2.3 percent by markets' close.

But theater chains were not the only companies whose prices plummeted.

National CineMedia, an ad sales company, steadily declined to -4.2 percent and 3D technology firm RealD fell to -0.2 percent in the morning and plateaued.

 

 

Tags: Batman, Colorado Shooting, Dark Knight Rises, dark knight shooting, Movies
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