AMC CEO Is Smartly Selling Shares
AMC Entertainment Group (NYSE: AMC) has been the subject of intense investor interest in 2021. Redditers encouraged each other to buy shares of the movie theater chain and hold them until the stock price rose to astronomical levels.
So far, they have successfully driven up the share price of AMC stock by over 1,500% in 2021. Meanwhile, the fundamental prospects of the company remain poor. Through no fault of its own, AMC was devastated during the coronavirus pandemic when it had to shut its doors to the viewing public.
Therefore, it was no surprise to see CEO Adam Aron announce he would begin selling some of his AMC stock later this year.
Source Fool.com
