AMC CEO Is Buying the Dip, But It's Not What You Think
AMC Entertainment Holdings (NYSE: AMC) has been experiencing a major sell-off in the last month. Indeed, AMC stock is down by over 30% during that time. The stock is the subject of attention among traders who gather together on Reddit and other social media sites.
The decrease in AMC's stock price has the trader group encouraging each other to buy the dip. AMC's CEO Adam Aron is buying the dip in one regard, although perhaps not in the way that AMC's fanboys would like him to. Aron announced AMC would be acquiring two Los Angeles theaters that were closed by the pandemic.
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Source Fool.com
