Adam Aron, AMC Entertainment Holdings Inc.’s chief executive, has decided to run with the meme-stock bulls who helped his company avoid bankruptcy during the pandemic., Mr. Aron has come to represent the surrealism and opportunities of modern-day trading. He is a Harvard Business School graduate now known for sharing social-media memes of Reddit in-jokes. He has traded a Chinese real-estate firm, the Dalian Wanda Group, for three million individual investors he calls his community.
through another stock sale effort, its seventh in nine months, adding up to more than $2.2 billion total since it began its stock sale efforts in August. The sale comes on the heels of a recent rally that brought AMC ’s share price to $72 from $10 in early May.in a reply to Mr. Aron’s tweet about raising capital. “Guide us to the moon!”
It was the latest twist in what has become one of the most unusual relationships on Wall Street. Mr. Aron said in an April interview that he viewed the individual shareholders as “my bosses. They’re who I work for.” Now, Mr. Aron contends with the new challenge of keeping a fragmented investor base happy amid extreme stock volatility and challenges to the movie-theater industry, including getting
Source: Digital Coin News (digitalcoinnews.net)
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AMC CEO Adam Aron urges shareholders to support plan to issue 25 million sharesAron's latest push to convince investors to allow AMC to issue more stock comes after it failed to gain shareholder support to add 500 million shares. 🤮soon back to $5.11 real price of old technology junk sh*t WTF! hahaha as predicted this morning... easy to dump it on retail reddit kids..they love it!
Source: CNBC - 🏆 12. / 72 Read more »
AMC CEO Adam Aron's wealth soared by more than $200 million from retail investor rallyCEO Adam Aron’s AMC shares were worth about $8 million at the start of 2021, according to share data compiled by Equilar. Those shares are now worth over $220 million. Give some love to their employees. Maybe some cash bonus?
Source: CNBC - 🏆 12. / 72 Read more »
AMC Rally Accelerates as Stock Price More Than DoublesThe runup—reminiscent of late January when individual investors banded together online to drive meme stocks higher—puts the theater chain on track for a record close. 🙇🙇🙇 NeverNotFunny MyNameIsGaron
Source: WSJ - 🏆 98. / 63 Read more »
Robinhood dispels speculation it halted AMC trading after stock exchange pause'Speculation that Robinhood has halted trading in $AMC is not accurate. Earlier today, the NYSE implemented a volatility trading pause of $AMC,' Robinhood wrote in a tweet on Wednesday. We all know the truth it’s totally corrupt to the very core. Into crypto where trading isn’t halted and stay well away from robinhood
Source: Newsweek - 🏆 468. / 52 Read more »
AMC milks rally with second share issue this week, stock fallsAMC Entertainment (AMC.N)announced its second share issue in three days on Thursday, adding to the company's efforts to bolster its finances on the back of a Reddit-driven speculative surge in its stock. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him TradeMartha Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott64 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success Check out my Gig I will designs a unique children book cover
Source: Reuters - 🏆 2. / 97 Read more »
AMC, this summer's blockbuster stock, warns of plot twistsAMC may sell up to 11.6 million of its shares with a trading phenomenon pushing stock in the movie theater chain up almost 3,000% this year, and 140% just this week. AMC is emerging from pandemic lockdowns that threatened the very existence of the company. That’s fake news. Ur mom likes the rough path They’re all gonna get rekd
Source: AP - 🏆 728. / 51 Read more »