1. AMC Backs Off on Vote for More Stock Sales. Reddit Crowd Rejoices

    AMC Backs Off on Vote for More Stock Sales. Reddit Crowd Rejoices

    AMC Entertainment is walking back plans to ask shareholders to allow more stock sales. The meme stock’s retail investors on Reddit couldn’t be happier. On Tuesday, AMC CEO Adam Aron wrote on Twitter that he didn’t think there was enough support from shareholders to authorize the sale of 25 million shares as soon as 2022, despite his backing...

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    1. More than 80% of AMC shares are held by a broad base of retail investors with an average holding of around 120 shares.
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