Stating he still owns 722,820 shares of AMC Entertainment (NYSE:AMC), CEO Adam Aron revealed on the social media site X that he is still the biggest retail investor in the company. Aron disclosed intentions to enroll in an extra 1.2 million AMC shares over the following 26 months, many of which will be vested before March 2025.
Acknowledging the marked drop in the shares, he said, "I absolutely empathize and share in your anguish as AMC's share price has dropped in 2023 and 2024. I can appreciate that hurts. Aron has guided AMC since 2016 following stints as CEO of Norwegian Cruise Line (NYSE:NCLH), Starwood Hotels, and Vail Resorts (NYSE:MTN). He co-owns the Philadelphia 76ers basketball franchise as well. Although AMC dropped more than 95% from its all-time high, and over 23% in the past year. Right now, 12.3% of AMC's total float is shorted
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