The company sold $587 million in stock last week with help from its emphatic Reddit investors.
through Wednesday, 10 AMC executives and board members have sold nearly 239,000 shares for roughly $9.5 million this month—securing a nearly 20-fold return compared to the less than $500,000 those shares were worth on the first trading of the year.
Most of the shares, worth about $4.7 million at the time, were sold last Thursday, the day after AMC shares reached an all-time closing high of $62.55—3,000% more than the closing price of $2.01 on the first trading day of the year and 40% more than current prices.Sellers include independent board members, senior vice presidents and C-suite executives, but notably, CEO Adam Aron is not among them.was a gift of 500,000 shares—currently worth about $21.
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