Connect with us

Entertainment

AMC Entertainment has 4.1 million individual shareholders; Stock falls – deadline

Published

on

AMC Entertainment has 4.1 million individual shareholders;  Stock falls – deadline

AMC Entertainment has 4.1 million individual shareholders, the company revealed today, as it heads toward an annual meeting in late July, where all of them will be eligible to come forward and vote on whatever is on the agenda after spending months pushing the stock in. the investment chat. bedrooms.

“The number of investors who want to own a part of AMC continues to increase,” Chief Executive Officer Adam Aron said in a statement. He said that more than 80% of AMC’s shares are held by a broad base of retail investors, something highly unusual for large public companies, with an average holding of around 120 shares.

“Some have more and some have less, yet each and every shareholder is important to AMC. Every shareholder has a critical role to play in AMC’s future by making their voice heard by voting at our next shareholders meeting. By voting in favor of the proposals, together we can help position AMC, in its 101S t year of activity, for continued success over the next century, ”he said.

AMC Entertainment Raises $ 587.4 Million From Sale Of 11.6 Million Shares As Stocks Cool Red Hot – Update

AMC shares have soared from a 52-week low of under $ 2 to a high of close to $ 73 as retail investors in chat rooms from StockTwits to Reddit’s WallStreetBets showed love of the company, hatred of institutions perceived as shorts and adoration for Aron, who has leaned heavily towards the phenomenon.

The shares were down one day on Wednesday, closing about 10.4% at $ 49.34. Wall Street analysts say the stock price of steroids is totally divorced from the company’s finances, which are still recovering, although they have improved a lot. SEC Chairman Gary Gensler said today that he has asked agency staff to examine a variety of stock trading issues and rules, which are being closely scrutinized amid sharp swings in so-called meme stocks such as AMC, GameStop, and a handful of others.

The new head of the stock market watchdog did not mention names, but appeared to call out so-called market makers like Citadel Securities LLC and Virtu Financial, who pay retail brokers a fee to execute clients’ trade orders.

“Brokers benefit when investors trade,” Gensler told the Piper Sandler Global Exchange & FinTech Conference.

AMC has worked on raising the stock to raise cash by issuing shares and selling them at inflated prices. Aron said it will use the latest cash injection for acquisitions, including ArcLight Cinemas and Pacific Theaters, where the chain is in talks with owners.

But the stock sale angered some retail investors who turned to social media, saying they don’t want their stock positions to be diluted and worrying that additional stocks may help short sellers hedge positions.

The largest US exhibitor will issue a revised proxy on June 15 with its annual meeting agenda, set for July 29. It is expected to apply for authorization to sell more shares. There is also usually a vote on CEO compensation (non-binding) and on any proposal submitted by shareholders.

Last week, in a brilliant marketing move, Aron invited them all to a dedicated page on the company’s website where they could join the AMC Stubs loyalty program and get free popcorn. He tweeted over the weekend that, as of Saturday, more than 100,000 retail investors had become members of Stubs.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement
Advertisement

Lifestyle

Top 9 Dating Apps For 30s – Time To Find The Real Deal! Top 9 Dating Apps For 30s – Time To Find The Real Deal!
LifeStyle32 mins ago

Top 9 Dating Apps For 30s – Time To Find The Real Deal!

Even if you’re the type of person who loves the thrill of the hunt, the seemingly endless dating carousel can...

M’sian brand for comfortable women’s clothing and baju kurung M’sian brand for comfortable women’s clothing and baju kurung
LifeStyle4 hours ago

M’sian brand for comfortable women’s clothing and baju kurung

Come Raya, Whimsigirl It is a household name that Malaysians would buy for holiday haircuts or, on any other day,...

New carbon offset feature and EV option for travel service New carbon offset feature and EV option for travel service
LifeStyle5 hours ago

New carbon offset feature and EV option for travel service

Superapp Grab is launching a carbon offset feature for ride-sharing services in a bid to reduce their environmental footprint. Users...

Men’s rubber sole sandals made in Malaysia for Asian feet Men’s rubber sole sandals made in Malaysia for Asian feet
LifeStyle7 hours ago

Men’s rubber sole sandals made in Malaysia for Asian feet

As avid sandal wearers, Richard Tsen and Alfies Lu actually struggled to find open shoes that fit well. Most of...

8 wellness gadgets to recharge your mind, body, and sex life 8 wellness gadgets to recharge your mind, body, and sex life
LifeStyle10 hours ago

8 wellness gadgets to recharge your mind, body, and sex life

What’s great about the emerging world of wellness tech is that it’s full of gadgets, apps, and tools that put...

Olive Oil Fraud Is Real – An Expert Explains How To Spot Fake Olive Oil Olive Oil Fraud Is Real – An Expert Explains How To Spot Fake Olive Oil
LifeStyle16 hours ago

Olive Oil Fraud Is Real – An Expert Explains How To Spot Fake Olive Oil

Almost every recipe I make, from cakes to pizza, requires at least a small amount of extra virgin olive oil....

What to wear for a barbecue or outdoor gathering this summer What to wear for a barbecue or outdoor gathering this summer
LifeStyle1 day ago

What to wear for a barbecue or outdoor gathering this summer

I don’t know about you, but here at Camille Styles, we are still in the home dress mode. It is...

Why Singtel is betting big on gaming, streaming and financial services startups Why Singtel is betting big on gaming, streaming and financial services startups
LifeStyle1 day ago

Why Singtel is betting big on gaming, streaming and financial services startups

Singtel, Singapore’s largest telecommunications company said in may This year it is “open to taking significant minority stakes” in startups...

S’pore in final talks with M’sia to accept her digital vaccination passport S’pore in final talks with M’sia to accept her digital vaccination passport
LifeStyle1 day ago

S’pore in final talks with M’sia to accept her digital vaccination passport

According to The star, Singapore may become the first foreign country to recognize MySejahtera as Malaysia’s “vaccination passport”. MySejahtera is...

Bye Bye Virus Card Game Won S $ 22,000 In 5 Weeks Bye Bye Virus Card Game Won S $ 22,000 In 5 Weeks
LifeStyle1 day ago

Bye Bye Virus Card Game Won S $ 22,000 In 5 Weeks

Denise Lim and Yasmine Khater, both 36, met for the first time through a rock climbing session together: Denise was...

Advertisement

Sport

Depay, Wijnaldum score as Netherlands beat North Macedonia in Euro 2020 Depay, Wijnaldum score as Netherlands beat North Macedonia in Euro 2020
Sports6 mins ago

Depay, Wijnaldum score as Netherlands beat North Macedonia in Euro 2020

AMSTERDAM – Memphis Depay scored one, set up Georginio Wijnaldum for the next two and the Netherlands did it with...

Real Madrid: Varane and the same play as Alaba Real Madrid: Varane and the same play as Alaba
Sports13 mins ago

Real Madrid: Varane and the same play as Alaba

TThe day before the second stage of Real MadridDraw in the semi-finals of the Champions League against Chelsea, Raphael varane...

Clippers ‘Kawhi Leonard and Suns’ Chris Paul ruled out for Game 2 Clippers ‘Kawhi Leonard and Suns’ Chris Paul ruled out for Game 2
Sports27 mins ago

Clippers ‘Kawhi Leonard and Suns’ Chris Paul ruled out for Game 2

FILE – Chris Paul # 3 of the Phoenix Suns fires a jump shot in front of Kawhi Leonard #...

Previous Cup 2021: Chile Vs Paraguay Previous Cup 2021: Chile Vs Paraguay
Sports35 mins ago

Previous Cup 2021: Chile Vs Paraguay

The battle for second place in Group A is getting tighter. Chile currently occupies the place two points behind Argentina’s...

Wembley Stadium can have 65,000 fans for the semi-finals and final of Euro 2020 Wembley Stadium can have 65,000 fans for the semi-finals and final of Euro 2020
Sports51 mins ago

Wembley Stadium can have 65,000 fans for the semi-finals and final of Euro 2020

LONDON – UEFA is in talks with the British government to increase attendance at Wembley Stadium to 65,000 for the...

What each team needs to reach knockouts What each team needs to reach knockouts
Sports57 mins ago

What each team needs to reach knockouts

Euro 2020 has been full of excitement and it has been worth all the money that spectators are spending to...

NCAA: San Beda rules juniors taekwondo kickoff event NCAA: San Beda rules juniors taekwondo kickoff event
Sports1 hour ago

NCAA: San Beda rules juniors taekwondo kickoff event

MANILA, Philippines – San Beda collected three gold medals in the taekwondo kicking competition in the NCAA season 96 youth...

Previous Cup 2021: Bolivia vs Uruguay Previous Cup 2021: Bolivia vs Uruguay
Sports1 hour ago

Previous Cup 2021: Bolivia vs Uruguay

Bolivia and Uruguay meet on the fourth day of their third match of the Copa América group stage. The two...

Mets ace Jacob deGrom cleared to start Monday against the Braves Mets ace Jacob deGrom cleared to start Monday against the Braves
Sports2 hours ago

Mets ace Jacob deGrom cleared to start Monday against the Braves

NEW YORK – Mets ace Jacob deGrom was cleared to start the opener of New York’s double header on Monday...

Which forward can sign with City if Levy plays tough? Which forward can sign with City if Levy plays tough?
Sports2 hours ago

Which forward can sign with City if Levy plays tough?

The Champions of England are ready to regain their throne once again. Pep Guardiola’s additions to a sold-out Manchester City...

Advertisement

Entertainment

Kylie Jenner is now closer to family Kylie Jenner is now closer to family
Entertainment5 mins ago

Kylie Jenner is now closer to family

June 22, 2021 Kylie Jenner is now “much closer” to her family. Kylie Jenner The Keeping Up With The Kardashians...

T-Pain says Usher told him ‘shit music’ sent him into a four-year slump T-Pain says Usher told him ‘shit music’ sent him into a four-year slump
Entertainment8 mins ago

T-Pain says Usher told him ‘shit music’ sent him into a four-year slump

“He was like, ‘I want to tell you something, man. He seemed very concerned. He was like, ‘Man, you’re a...

Prime Day Deals Under $ 35: 21 Affordable Picks You Can’t Miss Prime Day Deals Under $ 35: 21 Affordable Picks You Can’t Miss
Entertainment16 mins ago

Prime Day Deals Under $ 35: 21 Affordable Picks You Can’t Miss

Us Weekly has affiliate associations, so we may receive compensation for some links to products and services. Please note that...

Where are the Octomom children now?  The latest news about their lives in 2021 Where are the Octomom children now?  The latest news about their lives in 2021
Entertainment26 mins ago

Where are the Octomom children now? The latest news about their lives in 2021

Celebrities Jennifer Aniston on the verge of a romantic reunion with David Schwimmer? Or John Mayer? Or Brad Pitt? Who...

Vin Diesel Releases Important News About Cardi B – Watch The Video Vin Diesel Releases Important News About Cardi B – Watch The Video
Entertainment30 mins ago

Vin Diesel Releases Important News About Cardi B – Watch The Video

Vin Diesel is doing Cardi B Happy fans with this latest announcement. Check it out below. The Shade Room noted...

Jackie O Henderson to embark on a healthy lifestyle with WW Jackie O Henderson to embark on a healthy lifestyle with WW
Entertainment38 mins ago

Jackie O Henderson to embark on a healthy lifestyle with WW

Jackie O Henderson has been open about his struggle with unhealthy habits since the coronavirus pandemic. The KIIS radio presenter...

Alex Rodriguez at a party with Ben Affleck’s ex-girlfriend Lindsay Shukus Alex Rodriguez at a party with Ben Affleck’s ex-girlfriend Lindsay Shukus
Entertainment50 mins ago

Alex Rodriguez at a party with Ben Affleck’s ex-girlfriend Lindsay Shukus

The plot thickens. Jennifer Lopezex-fiancé Alex Rodriguez was spotted at a party in Lindsay Shukusbirthday on Saturday 19 June. Lindsay...

Playground, Red Arrow Develops Drama Series ‘Inspector Maigret’ – News Block Playground, Red Arrow Develops Drama Series ‘Inspector Maigret’ – News Block
Entertainment53 mins ago

Playground, Red Arrow Develops Drama Series ‘Inspector Maigret’ – News Block

Colin Callender’s Playground and Red Arrow Studios International join forces to jointly develop a premium English drama series based on...

Tucker Carlson’s Clout Machine is spinning into overdrive Tucker Carlson’s Clout Machine is spinning into overdrive
Entertainment1 hour ago

Tucker Carlson’s Clout Machine is spinning into overdrive

Cable News’ The best reviews The host apparently does not plan to bring his conspiracy theories to the election campaign....

Alex Rodriguez rents a mansion 1.6 km from Jennifer Lopez Alex Rodriguez rents a mansion 1.6 km from Jennifer Lopez
Entertainment1 hour ago

Alex Rodriguez rents a mansion 1.6 km from Jennifer Lopez

June 22, 2021 Alex Rodriguez rented a new house 1.6 km from former Jennifer Lopez. Alex Rodriguez The 45-year-old former...

Advertisement

Tech

One in four mobile phones sold in 2020 was bought online One in four mobile phones sold in 2020 was bought online
Tech4 mins ago

One in four mobile phones sold in 2020 was bought online

New research says the coronavirus caused online smartphone orders to rise to 26% of phone sales worldwide. Driven by COVID-19,...

Best Ring of Prime Day 2021 Deals: Ring Doorbell Bundle for $ 55 Off, Save $ 100 on 8-Piece Ring Alarm Kit Best Ring of Prime Day 2021 Deals: Ring Doorbell Bundle for $ 55 Off, Save $ 100 on 8-Piece Ring Alarm Kit
Tech11 mins ago

Best Ring of Prime Day 2021 Deals: Ring Doorbell Bundle for $ 55 Off, Save $ 100 on 8-Piece Ring Alarm Kit

This story is part of Amazon Prime Day 2021, CNET’s guide to everything you need to know and how to...

The UK is testing emergency alerts on iPhones next week The UK is testing emergency alerts on iPhones next week
Tech15 mins ago

The UK is testing emergency alerts on iPhones next week

The UK will conduct an emergency alert test for iPhone users on June 29. The measure was confirmed by the...

Before I get Windows 11, can Microsoft repair Windows 10? Before I get Windows 11, can Microsoft repair Windows 10?
Tech21 mins ago

Before I get Windows 11, can Microsoft repair Windows 10?

Microsoft on Thursday is ready to discuss the future of the Windows desktop. (Get ready for Windows 11.) Before that...

Air Fryer Deals for Prime Day: Ninja, Cuisinart, and Cosori Ovens at a Big Discount Air Fryer Deals for Prime Day: Ninja, Cuisinart, and Cosori Ovens at a Big Discount
Tech33 mins ago

Air Fryer Deals for Prime Day: Ninja, Cuisinart, and Cosori Ovens at a Big Discount

This story is part of Amazon Prime Day 2021, CNET’s guide to everything you need to know and how to...

Instagram Releases Beat Dance ‘Discovered on Reels’ Playlist, Music Stickers & AR Filter – Technology News, Firstpost Instagram Releases Beat Dance ‘Discovered on Reels’ Playlist, Music Stickers & AR Filter – Technology News, Firstpost
Tech37 mins ago

Instagram Releases Beat Dance ‘Discovered on Reels’ Playlist, Music Stickers & AR Filter – Technology News, Firstpost

Tech2 news teamJune 22, 2021 3:17:47 PM IS Since then Instagram released music function and reels on the platform, creativity...

The 2021 Lamborghini Urus stands out even on a gloomy day The 2021 Lamborghini Urus stands out even on a gloomy day
Tech55 mins ago

The 2021 Lamborghini Urus stands out even on a gloomy day

1 of 41 Daniel Golson / Roadshow Even on a gloomy and rainy day, the 2021 Lamborghini Urus stands out....

Charge your iPhone wirelessly and save 50% on this Anker PowerWave Pad Charge your iPhone wirelessly and save 50% on this Anker PowerWave Pad
Tech1 hour ago

Charge your iPhone wirelessly and save 50% on this Anker PowerWave Pad

This excellent wireless charger will power your iPhone or AirPods without the need for cumbersome cables. Charging speeds vary depending...

Prime Day Laptop Deals: Savings on MacBook Pro, Acer, Gateway Notebook Prime Day Laptop Deals: Savings on MacBook Pro, Acer, Gateway Notebook
Tech1 hour ago

Prime Day Laptop Deals: Savings on MacBook Pro, Acer, Gateway Notebook

This story is part of Amazon Prime Day 2021, CNET’s guide to everything you need to know and how to...

Where and when to watch it online: Tech News, Firstpost Where and when to watch it online: Tech News, Firstpost
Tech1 hour ago

Where and when to watch it online: Tech News, Firstpost

FP trendJune 22, 2021 2:43:04 PM M. IST The night sky will witness the strawberry moon on Thursday, June 24....

Advertisement
Advertisement