Buyers Bet AMC’s Fall Will Continue as CEO Dumps Shares

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Buyers Bet AMC’s Fall Will Continue as CEO Dumps Shares In Tuesday’s Blitz Daily, we take a look at AMC Entertainment as CEO Adam Aron continues to dump shares.   Aron recently parted with another $7 million in shares, having sold about $40 million worth in total since August 2021.   The meme stock is also among the top weekly declining names in the Communication Services sector, falling about 8.4% on Tuesday to close at $18.84 a share.     AMC has indeed been in a steady downward spiral since reaching $72 a share last June, having given up more than three-quarters of its value since.   And while it’s prone to a small bounce here and there, the stock continues falling despite attempts from the theater chain’s following to hold on to shares in hopes of taking advantage of another short squeeze.   It seems institutional investors are confident that this junk stock’s slide isn’t over... Get the Day’s Top Trades Here! All the best, Lance Ippolito New Money Crew How Traders Can Get 7:1 Returns on Their Money How does risking just $1 dollar for the opportunity to make $7 sound? What about $1,000 to potentially make $7,000? This is what we call the “profit factor” — the risk-to-reward ratio for an investment. A profit factor over 2.0 is good, while anything above 3.0 is considered outstanding. For every $1 risked, one strategy has seen $7 in return. And WealthPress Senior Strategist Roger Scott has perfected the strategy that’s scored a profit factor of 7.05 over the past 12 years of trading! See How He Does It Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions. Manage Your Email Preferences Unsubscribe This email was sent by: WealthPress 7751 Belfort Parkway #120 Jacksonville, FL, 32556, US www.newmoneycrew.com New Money Crew Update Profile

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