AMC Stock Soars, CEO Holds Shares
Key points:
- AMC stock value increases by 38% in five days
- CEO Adam Aron hasn't sold any shares since 2022
- AMC settles obligations related to $225 million credit facility
AMC Entertainment Holdings, Inc. has experienced a significant increase in its stock value, with a rise of over 38% in the past five days. The company's CEO, Adam Aron, has stated that he has not sold any AMC shares since January 2022. The company's earnings report is expected in early May.
AMC Entertainment Holdings Inc. has also announced that it has not renewed a $225 million senior secured revolving-credit facility and has settled any remaining obligations related to this credit facility. The company's stock continued to rally, rising 8.2% on Monday. The shares have seen gains on four of the past five days, closing Friday's session at $3.16, marking their highest close since March 28.