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last year, AMC Entertainment Holdings asset management company CEO Adam Aron Retail investors are welcome to support and Promise to “Continue the Offensive” Expand into alternative shows and accept a handful of cryptocurrencies by opening new theater locations.
Now, AMC’s CEO appears to be calling for new dramas.
What to know: The self-proclaimed ape crowd of retail investors will give you a few different reasons why they continue to buy and hold AMC stock, but they’re all on the same page inducing a massive short squeeze, and it seems Aron is gathering troops.
On Thursday, the AMC CEO noted that he has been asked, “Wen pounce?”
“Know this: 1. I have always kept my word. 2. I have publicly stated that there will be no surprises until Q2 2022 earnings are announced. 3. The press release issued today will be announced on Thursday, August 4th Quarterly earnings. Read those between the lines,” Allen via tweet.
AMC announced Thursday that it will report its second-quarter financial results after the market close on Aug. 4. Aron made it clear that the “raid” won’t happen until sometime after the company’s upcoming report, however, the “I’ve always kept my word” section implies that the said “raid” will definitely happen at some point.
It seems that Aron is hinting at crushing short sellers.According to data from AMC, 21.91% of AMC’s outstanding shares are currently sold short Benzinga Pro.
Why it matters: This isn’t the first time the AMC CEO has taken a clear stance on those betting on his company.Last year, in a live interview with the host of the Trey’s Trades YouTube channel Trey Collins Aron ‘accidentally’ Dropped his webcam, showing he wasn’t wearing pants. Many see it as a way to incite short sellers to talk.
Following AMC’s strong earnings results at the end of June, Aron kicks off twitter company TWTR Celebrate the company’s success.
Aside from some idiots that tend to pop into my head, and maybe your idiots, who’s – – – – to say that movie theaters are dead and have no future? Thanks Tom Cruise. Top Gun: Maverick just crossed $1 billion at the global box office in less than a month! #CHOKEonTHAT pic.twitter.com/gZMAsfnSeY
– Adam Aron (@CEOAdam) June 26, 2022
The “choking” section may once again refer to short sellers. After Aron’s tweet, the hashtag “#chokeonthat” trended on Twitter.
Related Links: AMC CEO touts ‘Top Gun’ and taunts short sellers after shares soar 12% at Monday’s close
retail darling game station company GME and Bed Bath & Beyond Inc. BBBY Thursday also soared, which seemed to awaken the AMC orangutans, but nothing shakes the cage of the orangutans more than the battle cry of the troop leader – and the orangutans join forces.
AMC price action: AMC’s 52-week high was $55.07 and its 52-week low was $9.70. The stock closed up 15.19% at $14.48 on Thursday.
photo: Samantha Celera via Flickr
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