Shares of AMC Networks (AMCX) have been on a downward slide since early July, and investors are left wondering if the stock will rebound.
AMCX hit a high of $86.14 on July 2, but has since fallen more than 18%. The stock closed at $70.05 on December 10.
So, what’s behind the stock’s decline?
There are several factors at play.
For starters, AMCX is facing increasing competition from digital streaming services such as Netflix (NFLX) and Amazon (AMZN). These services …
