Shares of Cineworld Group PLC (LON: CINE) closed the week 24.8% higher after the price action logged record lows below GBX20. The outlook for the stock is all but positive on the back of weak box office results and postponements of major films like “The Batman”, “No Time to Die”, and “Dune”. Fundamental analysis: Biggest crisis in history It’s now more than evident that the cinema industry is experiencing the worst crisis in its long history. The world’s second largest cinema chain was forced to shut 663 cinemas as the pandemic continues to create havoc in the cinema industry. CineworldFull Article
Cineworld stock price recovers 25% after logging record lows
Invezz0 shares 1 views
Related news coverage
Dave Portnoy, the poster child of the day-trading boom, told us why he thinks Warren Buffett is 'past his prime' and was wrong to ditch airline stocks
· Dave Portnoy, the founder of Barstool Sports and the face of the day-trading boom says Warren Buffett is "past his prime" and..