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Why AMC Stock Got Stomped on Thursday

TheMotleyFool

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AMC Entertainment Holdings (NYSE: AMC), ever the up-and-down meme stock, saw its shares decline by just over 9% on Thursday. The gloom was due to revelations of insider selling by top figures at the movie theater chain.

Citing regulatory filings made over the past few days, media outlets such as Streetinsider.com reported that both CEO Adam Aron and chief content officer Elizabeth Frank sold significant chunks of their AMC stock.

Image source: Getty Images.

Source Fool.com

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