Communications services companies fell after Netflix’s earnings lagged expectations.
AMC Entertainment is ending a plan that adjusted ticket prices based on where viewers sat after a lackluster response from moviegoers and to keep its prices competitive with rival theater chains.
Sirius XM Holdings shares leaped in an apparent short squeeze. Analysts said a popular arbitrage where traders bought stock of a holding company linked to Sirius and shorted shares of the satellite radio company appeared to backfire, causing a stampede of buyers seeking to cover their losses on the arbitrage.
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