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Movie theater stocks tank after another disappointing box office tally

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A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City.

Alexi Rosenfeld | Getty Images

Investor faith in movie theaters rebounding during the coronavirus pandemic is waning.

On Monday, shares of AMC, Marcus, Cineworld and Cinemark sank after yet another disappointing weekend at the domestic box office.

AMC shares tumbled 7% Monday, bringing its market value to about $575 million, according to data from FactSet. Its stock is down more than 27% since the start of the year.

Cinemark slumped about 5%. Its market cap stands at $1.37 billion even after seeing shares fall more than 67% since January.

Marcus, too,…



Source cnbc.com

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