AMC Entertainment launched an unusual program today called Investor Connect to communicate directly with a mass of individual investors in the U.S. that now own more than 80% of its stock and have …
“an innovative, proactive communication initiative that will put AMC in direct communication with its extraordinary base of enthusiastic and passionate individual shareholders to keep them up to date about important company information and to provide them with special offers.”Movie Theaters Top Stocks On Newly Buoyant Box Office; Investors Tepid On Discovery Despite New Name
Aron added, “During my five-plus year tenure as CEO at AMC, I’ve taken great pride in the relationships I have forged with AMC’s owners. With AMC Investor Connect, that effort in relationship building will continue apace even if our shareholders now number in the millions. After all, these people are the owners of AMC, and I work for them.”
AMC shares have bounced from a 52-week low of under $2 to a high of over $36 as retail investors on social media chat rooms urged each other to buy and hold the stock at levels well beyond price targets set by Wall Street analysts based on the company’s fundamental business and prospects.
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