Are the Apes aware of this?
Shares of AMC Entertainment Inc (NYSE:AMC) fell by 2% from the previous closing price. Wanda America Entertainment, Inc. filed a Form 4 with the SEC on Friday, April 9. The insider sold 2,061,060 shares at $14.59 on Monday, Feb 01, sold 1,582,996 shares at $14.43 on Friday, Mar 19, and sold 12,004,438 shares at $13.98 on Saturday, Mar 20. After the transactions, the executive’s stake in AMC Entertainment Inc. movedto 44,042,724 shares.
Why Insider Transactions Are Important?
Insider transactions shouldn’t be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.
Insiders buying stock after a notable sell off can indicate an insider’s long-term belief in the success of the company; insiders buying stock at new highs can be an indication the exec doesn’t feel the stock is overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."
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April 9, 2021 at 06:06PM