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.
