Entertainment industry stocks on Monday hit new 52-week lows or were trading near their year lows amid the latest coronavirus-driven stock market drop. Trading was briefly halted as the S&P 500 stock index plunged 7 percent.
The same was true for Fox Corp., which went as low as $26.38 in early trading, Discovery, which went down as far as $23.65, and AMC Networks, whose stock set a 52-week low of $25. Sony Corp.'s U.S. shares were an exception as they, despite a more than 6 percent decline, only went as low as $58, compared with their 52-week low of $41.91. Even Netflix, which some analysts have called a potential beneficiary of coronavirus if it leads consumers to stay home more, saw its shares fall more than 5 percent to below $350, but it stayed well above its 52-week low of $252.28.
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