Finance

AMC insider selling picks up as meme stock rises amid retail wave

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A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks.

Scott Olson | Getty Images

Insider selling activity at AMC Entertainment ramped up like never before during the recent explosive rally driven by enthusiastic retail investors.

A total of seven insiders at the movie theater chain have sold a portion of their stakes since May 28 when the latest leg up began, selling in a wide price range of $27.42 to $62.67, according to InsiderScore’s analysis of regulatory filings. The stock price has more than doubled since that day, last trading at…



Source cnbc.com

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