Five directors sold less than half their AMC shares, and now they each still own 17,722 shares
AMC Entertainment Holdings Inc. disclosed in a series of filings that five members of its board of directors sold a total of nearly $4 million worth of shares in the past two days.
Two of the directors sold a total of 27,923 share on Wednesday, to raise more than $700,000 each, and three directors sold a total of 46,137 shares on June 8 to raise more than $800,000 each.
After the sales, the five directors now each own 17,722 AMC shares. AMC has about 501.8 million shares outstanding, according to FactSet data.
AMC's stock (AMC) fell 4.1% in premarket trading Thursday. The meme stock has rocketed 400.9% over the past three months through Wednesday, and soared 2,227.4% year to date, while the S&P 500 index has gained 12.3% this year.
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Here's the breakdown of the sales, as disclosed late Wednesday in Form 4 filings with the Securities and Exchange Commission ():
The stock dropped on June 9 to close at $49.34, after trading in an intraday range of $48.12 to $53.39.
The stock fell 0.9% on June 8 to close at $55.05, after trading in an intraday range of $52.77 to $60.62.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 10, 2021 09:23 ET (13:23 GMT)
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