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AMC jumps 24% to extend last week's massive rally for the meme stock

11 days ago   |   By Business Insider

Summary List Placement Shares of AMC Entertainment popped as much as 24% Monday, reversing two-days of losses after the stock hit record highs last week amid renewed hype from retail traders.
On Monday, AMC, the world's largest movie-theater chain, remained one of the top talked-about stocks on social media, second only to BlackBerry, according to a report from Quiver Quantitative.
Shares jumped as high as 126% to a record high last Wednesday, before paring gains Thursday and Friday to close out the week 83% higher overall.
Retail traders, which make up about 80% of the stock's investor...
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AMC executives made millions selling their shares last week amid dizzying meme-stock rally

AMC executives made millions selling their shares last week amid dizzying meme-stock rally

11 days ago   |   By Business Insider

Summary List Placement Six AMC Entertainment executives took home more than $8 million last week after selling shares of the company amid a massive rally for the company's stock.
Friday filings with the Securities and Exchange Commission show the six movie-theater executives - John McDonald, Gary Locke, Carla Chavarria, Daniel Ellis, Elizabeth Frank, Anthony Saich - offloaded more than 150,000 shares after the meme stock closed the week 83% higher on the back of enthusiasm from retail traders.
Chavarria, the chief human resources officer, took home the highest profit with $2.53 million in...
Read more ...

 

AMC executives made millions selling their shares last week amid dizzying meme-stock rally

AMC executives made millions selling their shares last week amid dizzying meme-stock rally

11 days ago   |   By Business Insider

Summary List Placement Six AMC Entertainment executives took home more than $8 million last week after selling shares of the company amid a massive rally for the company's stock.
Friday filings with the Securities and Exchange Commission show the six movie-theater executives - John McDonald, Gary Locke, Carla Chavarria, Daniel Ellis, Elizabeth Frank, Anthony Saich - offloaded more than 150,000 shares after the meme stock closed the week 83% higher on the back of enthusiasm from retail traders.
Chavarria, the chief human resources officer, took home the highest profit with $2.53 million in...
Read more ...

 


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