new reward program for
millions of shareholders, AMC Investor Connect…
The program is free for shareholders and is linked to AMC Stubs Insider Rewards Program… Aron said on Twitter that his efforts are aimed at frequent communication with shareholders. He will offer special rewards, starting with free big popcorn. This is not entirely new – the companies owned by Warren Buffett. Berkshire hathaway (ticker: BRK.A) suggested benefits for shareholders in the past – but these efforts have followed a surge in social media sentiment in support of AMC.
According to Dow Jones Market Data, AMC (AMC) shares rose another 19% to $ 40.29 on Wednesday morning, marking its first record close since March 23, 2015. The stock is up 233% in the past seven trading days, leading to a wider resurgence of social media darlings who are cutting their shorts heavily.
(GME) this year. While these moves may not be based on company fundamentals, AMC has capitalized on its growth. selling millions of shares… Which has gave some hope that the network could last long enough to benefit from the consolidation wave in theaters.
During a phone call last month, Aaron hugged fans of the company on social media. He announced that he would be making a $ 50,000 donation from AMC to the Dian Fossey Gorilla Fund, a charity popular on the WallStreetBets Reddit forum. Reddit posters refer to themselves as “monkeys,” posting memes and gifs – like a scene in Rise of the Planet of the Apes where the character of Andy Serkis signs the phrase “Monkeys Together: Strong,” a reference to the newly acquired collective power of retail investors in the stock market.
Aron’s direct appeals to Reddit users are noteworthy. Unlike Ryan Cohen, the big
the investor and future chairman of the company has mostly stuck to cryptic Twitter posts that are open to interpretation. This, however, did not stop some GameStop fans from predicting important news events based on frog emojis and GIFs. from cartoons for adults…
On the AMCStock Reddit thread where the news was discussed, some commenters were reluctant to take money away from AMC by accepting free popcorn. User Rickblood23 suggested a solution: “Get free popcorn and use that money to buy chicken desserts,” they wrote. “Support the company and send a message.”
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