LYV - Why AMC Networks Roku and Live Nation Shares Were Popping or Dropping Monday
Shares of AMC Networks (NASDAQ: AMCX), Roku (NASDAQ: ROKU), and Live Nation Entertainment (NYSE: LYV) were all over the map on a down day for the S&P 500 and Dow, with AMC Networks down 10%, Roku up 17%, and Live Nation up 10%.
Stocks maintained their decline Monday as policymakers continue to negotiate an economic stimulus package, which has been blocked for a second time in 24 hours. Meanwhile, the COVID-19 coronavirus continues to spread, with roughly 40,000 cases in the U.S. and almost 500 deaths as of Monday afternoon. Entertainment stocks have been sold off with the broader markets, but not always in predictable patterns, as you can see with AMC, Roku, and Live Nation.