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CNK - Why Movie Theater Stocks Are Down but 1 TV Stock Is Up Today
Cinemark Holdings Inc Inc.
If it's Tuesday, and the coronavirus is in the news, stocks must be down. But for a change this morning, not all stocks are down.
On the one hand, at 10:55 a.m. EDT on Tuesday, we find movie chain operator Cinemark Holdings(NYSE: CNK) and its rival AMC Entertainment Holdings(NYSE: AMC) down 22% and 21.5%, respectively. But on the other hand, Central European Media Enterprises(NASDAQ: CETV) is up 26.7%.