AMC Stock dipped more than 6% in morning trading

Tiger Newspress2021-12-10

AMC Stock dipped more than 6% in morning trading as AMC CEO Adam Aron sold another $9.65m worth of shares

AMC Entertainment Holdings, Inc CEO Adam Aron sold almost $9.65 million worth of shares in the cinema chain earlier this week, according to filings with the U.S. Securities and Exchange Commission.

What Happened:Aron sold 312,500 shares on Dec. 7 and continues to own 95,997 shares in the company.

AMC insiders have shed more than $70 million in shares this year as the company’s stocks have surged after finding favor with retail investors particularly those on Reddit forum r/WallStreetBets.

Last month, Aron sold 625,000 shares of AMC, worth $25 million.

The company’s CFO Sean Goodman sold 18,316 shares for nearly $565,000, according to a separate filing.

Why It Matters:Apart from Aron’s current holdings, there are 2.9 million shares issuable in the future to him based on performance targets,reported Bloomberg.

Goodman has reportedly sold all his shares in the company but 600,000 shares, subject to continued service or targets, are not included.

Last month, Aron had said on Twitter that 62.5% of his annual pay is in AMC stock and he sold as it is prudent from the point of view of “estate planning.”

Across the S&P500, insiders have sold $63.5 billion in shares through November, as per the Wall Street Journal. On Thursday,Tesla Inc CEO Elon Musk sold $963 million worth of the automaker’s stock to fulfill his tax obligations.

Like Musk, Aron too has found a following on Twitter and is known to frequently reach out to the company’s investors through the social media platform.

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精彩评论

  • Dreamchaser9
    2021-12-13
    Dreamchaser9
    Ok
  • JT1806
    2021-12-12
    JT1806
    Same same but different. Lol Elon sells shares, tesla still going up strong. Other CEO sells company shares, urmmm..... 
    • JT1806
      Yes. He's good with social media and he enjoys doing that. Anything he tweets, there's market reaction.
    • tkj
      elon pulled a good stunt. he sold his shares because public asked him to do so not because he has no  confidence in the stock.AMC CEO runs because he has no confident that his stock can do any better.
  • JLSE
    2021-12-12
    JLSE
    👌👌👌
  • galvinpangg
    2021-12-12
    galvinpangg
    HODL????
  • TSwin2022
    2021-12-11
    TSwin2022
    Hope AMC increase stock price in coming christmas. Pls like,N Thks. 
    • Meroy
      amc, lets go the moon asap😂 i can't wait!! let's go.
    • GriseldaBrown
      yes yes, amc is going to increase badly during chrismas vacation.
    • jas68
      yes yes
    • GriseldaBrown
      no potential news for amc before chrismas. i don't think it will increase.
  • AnthonyC
    2021-12-11
    AnthonyC
    Roller coaster ride 
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