BUZZ-AMC Entertainment jumps after CEO Aron discloses stock purchase

AMC Entertainment Holdings

AMC Entertainment Holdings

AMC

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** Movie-theater chain AMC Entertainment AMC.N shares up 12.8% to $1.53 on Weds after CEO Adam Aron boosts stake

** According to a filing late Tues, Aron purchased 250,000 shares at about $1.38 yesterday

** In a post on X, Aron said he has "enormous confidence" in the co, adding he owns outright ~2.4 mln shares and raised his total economic interest to ~12.3 mln shares

** AMC, which has a meme-stock following, has ~612 mln shares outstanding

** With the advance, stock down ~2% YTD and has lost about half its value over the past 12 months


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