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An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri
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July 21 (Reuters) - Theater operator AMC Entertainment Holdings Inc (AMC.N) on Wednesday named Chief Executive Officer Adam Aron as chairman, at a time when investors are pushing companies to separate the two roles to keep a check on management.
Aron has served as CEO, president and member of AMC s board since 2016, having led the company to become the largest cinema operator in the world and maintain its liquidity when the pandemic hammered its business.
AMC board names CEO Adam Aron as chairman
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AMC board names CEO Adam Aron as chairman - Netscape Money & Business
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AMC Stock Settles with 20% Loss as Company Sells Off 11.55M Shares, Now Down 7%
6 hours ago by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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AMC has become the new favorite after GameStop as both shares and other heavily shorted stocks have been pushed to new highs this year.
The shares of American theatre company AMC Entertainment Holdings Inc (NYSE: AMC) closed the Thursday trading session at a 20.40% loss following highly volatile intra-day activities. Per a CNBC report, the down plunge came after the company said it had sold as much as 11.55 million shares at an average price of approximately $50.85 per share in an at-the-market equity program launched earlier on Thursday. The company raised as much as $587.4 million, boosting its capital accrual agenda.
AMC surges on deal with Mudrick to expand, go on offense
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