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AMC Stock Investors Should Worry More About Adam Aron Than Taylor Swift
Last week, the debut of Taylor Swift: The Eras Tour sent waves of optimism through the AMC Entertainment investor community. These retail traders had reason to be excited. Anticipation for Swift’s concert film had been rising for months since her historic tour revealed the power of her fan base.
The New York Times described the documentary’s opening as “easily the biggest concert film opening ever.” It also noted that projections saw the movie grossing up to $95 million between the U.S. and Canada. Everything looked rosy heading into the premiere.
However, as InvestorPlace contributor Chris MacDonald reported, the Eras Tour release did not boost AMC stock. On the contrary, shares fell 13% on the day the film debuted, and they haven’t rebounded since.
Given the strong hype behind the film’s premiere, this might seem strange. But a quick look into AMC stock reveals that shares are being negatively impacted by another news story, one that centers around the company’s CEO Adam Aron. $AMC Entertainment (AMC.US)$
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Saint_James : What complete horse s***. there is nothing negative about our company or about our company's business model. the direction he is guiding this company is beyond today and into the future more successful than we can imagine. clearly corruption is rampant throughout the markets whether this stock or the next. I just so happened to be invested in a handful of the current targets.... May the odds be in our favor this time around.