Movie Theater Stocks Hammered After Regal Announces Another ‘Temporary Suspension’

Cineworld’s share price has nose dived 34.5% in early-morning trading on Monday, while AMC and Cinemark are also feeling the pain

Movie theaters are getting hit hard on Monday, with top cinema chains seeing their share prices drop double digits on Wall Street, after Cineworld, the parent company of Regal Cinemas, announced a “temporary suspension” of operations at more than 600 locations in the U.S. and U.K.

Cineworld’s share price nose dived 34.5% within the first hour of trading on Monday morning, hitting 34 cents per share. The chain’s share price had already been struggling since early March, when it was trading at about $1.70 per share, due to the impact COVID-19 has had on the movie industry.

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Sean Burch

Tech reporter • • @SeanB44