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2021-11-11

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AMC Entertainment CEO Adam Aron Sells $25M In Stock As Part Of 'Estate Planning'

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He added he will still own over two million shares in AMC following the stock sale.</p>\n<p><b>Why It Matters:</b>AMC Entertainment is seeing a strong recovery from the impact of the pandemic, when lockdowns forced the movie theatre chain to close its theatres. The company reopened 98% of its locations in March.</p>\n<p>AMC Entertainment on Mondayreporteda narrower-than-expected loss, while revenue beat estimates.</p>\n<p>Heavily shorted stocks like AMC Entertainment and&nbsp;<b>GameStop Corp.</b>stole the limelight earlier this year after a flurry of buying by retail investors on Reddit pushed up the price of these stocks and caused huge losses among short-sellers.</p>\n<p>The company’s stock continues to see high interest from retail investors and has skyrocketed an impressive 1805% since the year began.</p>\n<p><b>Price Action</b>: AMC Entertainment shares closed 4.1% lower in Wednesday’s regular trading session at $38.29 and further fell almost 2.5% in the after-hours session to $37.34.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Entertainment CEO Adam Aron Sells $25M In Stock As Part Of 'Estate Planning'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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He added he will still own over two million shares in AMC following the stock sale.\nWhy It Matters:AMC Entertainment is seeing a strong recovery from the impact of the pandemic, when lockdowns forced the movie theatre chain to close its theatres. The company reopened 98% of its locations in March.\nAMC Entertainment on Mondayreporteda narrower-than-expected loss, while revenue beat estimates.\nHeavily shorted stocks like AMC Entertainment and GameStop Corp.stole the limelight earlier this year after a flurry of buying by retail investors on Reddit pushed up the price of these stocks and caused huge losses among short-sellers.\nThe company’s stock continues to see high interest from retail investors and has skyrocketed an impressive 1805% since the year began.\nPrice Action: AMC Entertainment shares closed 4.1% lower in Wednesday’s regular trading session at $38.29 and further fell almost 2.5% in the after-hours session to $37.34.","news_type":1},"isVote":1,"tweetType":1,"viewCount":714,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/870406372"}