Monday was a day that stock traders and investors would soon like to forget.
Though we’ve had lots of those lately.Today’s declines were devastating to the valuation of most publicly-traded companies, but several major media companies took a particularly harsh bath.
Shares in Roku dove nearly 11-and-a-half percent; Paramount Global shrunk more than eight percent.But our top head-scratchers come from the exhibition side of things, where Paramount’s mega-hit “Top Gun: Maverick” is currently passing the box-office baton to “Jurassic World: Dominion.” We’ll try to relieve that itch.When the closing bell rang this afternoon, IMAX stock dropped 7.81 percent and AMC Entertainment’s stock was down 7.64 percent.
(Cinemark was down 6.40 percent.) What gives? With “Top Gun” still Cruise-ing and a T.
Rex-sized debut for the newest installment in the “Jurassic World” franchise, this was a hell of a weekend for movie theaters — especially the premium formats like IMAX.
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