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00:03AMC Entertainment shares rose in After Hours Trading Tuesday following new insider buying
00:07activity, according to Benzinga. CEO Adam Aaron purchased 250,000 shares of AMC stock in multiple
00:17transactions on Tuesday at an average price of approximately $1.38 per share, according to a
00:23Form 4 filing released after the market closed. Aaron now owns approximately 2.44 million shares
00:29of the company. Stock purchases by executives often signal a belief that shares are undervalued.
00:36AMC shares are down approximately 53% over the past year and have fallen more than 20% in the
00:41past
00:42month. The stock closed Tuesday up 0.74% and rose another 6.18% in After Hours Trading, reaching
00:51$1.46
00:53at the time of publication, according to Benzinga Pro. For all things money,
00:58visit Benzinga.com.
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