AMC Executives Take Home Millions by Cashing In on Share Surge
- Two AMC board members, four executives sell some of holdings
- Company sold shares Thursday after a meteoric rise in value
Photographer: Scott Olson/Getty Images
This article is for subscribers only.
AMC Entertainment Holdings Inc. executives and directors sold $8 million in shares of the theater chain Thursday, cashing in on the soaring price of the most-popular meme stock.
Two board members and four executives sold at near record prices, following an eye-popping surge in the stock this week, regulatory filings on Friday showed. Among them were Gary Locke, a former Chinese ambassador who is up for re-election to the board at the company’s July 29 annual general meeting, and Carla Chavarria, the company’s head of human resources.