Seven AMC insiders sold a portion of their stake since May 28 when the latest rally began, according to InsiderScore using regulatory filings.
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 sold a portion of their stake 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 $57.70 apiece. Six of them disclosed their sales on Friday after the market close, and one revealed at the end of May, according to InsiderScore. « Clearly, AMC insiders don’t want to miss out on the opportunity to cash in some stock-based compensation at valuations that few people could have imagined just months ago, » said Ben Silverman, director of research at InsiderScore.
