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Communications Services Tick Down As Traders Pare Vaccine Bets -- Communications Services ROundup

11/20/2020 | 05:19pm EST

Communications services companies ticked down as investors pared back bets on a return to normal media consumption habits due to a vaccine.

Shares of Netflix rose Friday, in a sign that investors expect restrictions to continue for some time; while shares of Walt Disney fell, giving back some of the gains associated with bets earlier this week that a vaccine would soon lead to theme-park reopenings.

Cinema chain Regal Entertainment Group owner Cineworld Group is in talks with investors for financial lifelines after months of empty theaters in the U.S. and U.K. during the coronavirus pandemic.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-20-20 1718ET

Stocks mentioned in the article
ChangeLast1st jan.
CINEWORLD GROUP PLC 1.23% 65.8 Delayed Quote.1.40%
NETFLIX, INC. -0.58% 497.98 Delayed Quote.-7.37%
THE WALT DISNEY COMPANY -1.15% 171.44 Delayed Quote.-4.28%
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