Why Cinemark and EPR Properties Stocks Both Plunged Today
Shares of movie theater operator Cinemark Holdings (NYSE: CNK) fell more than 10% at the open on Oct. 13. Following along was theater-owning real estate investment trust (REIT) EPR Properties (NYSE: EPR), which dropped nearly 8% in early trading on Wall Street. The drop in both stocks was driven by negative news out of AMC Entertainment (NYSE: AMC), which itself was down as much as 11% early on.