YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

AMC’s largest shareholder pares down stake

Posted online

China-based Dalian Wanda Group Co., AMC Entertainment Holdings Inc.’s largest shareholder, sold most of its shares in the American movie theater chain.

Wanda sold 30.4 million shares May 13-18 for nearly $427 million.

AMC's shares have jumped 160% in the past 12 months, largely due to a Reddit-fueled trading frenzy, according to The Wall Street Journal.

Read more from The Wall Street Journal.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences