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The Wall Street Journal: AMC CEO Adam Aron to sell about $53 million in shares – Vested Daily

The Wall Street Journal: AMC CEO Adam Aron to sell about $53 million in shares

November 10, 2021

Adam Aron, the chief executive of AMC Entertainment Holdings Inc., on Tuesday filed to sell about $53 million worth of his shares in the company.

AMC
AMC,
-4.11%,
the world’s largest cinema chain with nearly 1,000 theaters worldwide, has become known for an enthusiastic base of retail investors who often coalesce on social media around their supposed commitment to hold on to shares and never sell them. Aron has leaned into AMC’s status as a meme stock and regularly engages with his online fan base.