AMC said Wednesday that it's launching AMC Investor Connect, an initiative that will put the company in direct communication with its individual shareholders to keep them up to date about important company information and provide them with special offers. AMC's retail shareholder base has grown to more than 3 million owners over the last several months.
AMC President and CEO
The announcement comes a day after AMC said that it is raising
Shares continued their runup Wednesday, hitting an all-time high in intraday trading.
AMC is part of a
Smaller investors have instigated a “short squeeze” against those funds, pouring money into shares of those companies until larger funds are forced to sell off shares to cover money borrowed to buy them.
AMC said its Investor Connect initiative will launch in conjunction with the preliminary proxy statement for its
To sign up for AMC Investor Connect, an investor must be or enroll as an AMC Stubs member, which includes AMC Stubs Insider, AMC Stubs Premiere and AMC Stubs A-List. AMC Stubs Insider is free to join and includes additional perks and rewards including invitations to special screenings.