AMC Launches Shareholder Rewards Program After Raising Billions From Retail ‘Apes’

AMC shares (AMCcontinue to power higher in premarket trading Wednesday after Muldrick Capital bought, and then abruptly turned around and sold, 8.5MM shares of the company's stock almost entirely to AMC's army of retail bagholders (members of which proudly refer to each other as "apes" on Reddit, Facebook, Twitter and elsewhere).

Photo by Donreál Lunkin on Unsplash

1 2 3 4
View single page >> |

Disclosure: Copyright ©2009-2021 Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.