AMC Entertainment stock closed today’s trading day up more than 7 times during pandemic levels.
When the pandemic closed movie theatres, AMC was trading at $3.19.
AMC stock closed at $23.67 on Wednesday.
Mainstream media has been menacing about pointing out how far out the movie theatre chain is from its all-time high.
And CEO Adam Aron is not happy about the misleading headlines.
The CEO took it to Twitter to express his concerns.
Here’s what’s happening.
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Mainstream media attacks
It comes as no surprise to see mainstream media publish headlines AMC is falling when in fact it is surging.
Or to read how far out AMC is from last year’s all-time high rather than the progress the company has made this year.
The conflict of interest surrounding institutional short sellers and the media is something that should be addressed more frequently.
Short and distort campaigns have focused on bringing AMC down in efforts to drive shares down.
Elon Musk has personally spoken out against short and distort campaigns saying it “takes advantage of retail investors”.
Here’s what AMC CEO Adam Aron had to say:
He says, “AMC is 11 times when we were written off for dead, 1/5/2021 $1.98 #TellTheWholeStory“.
Corporate media in the end is a corporation, an establishment that will cater to those who compensate them.
Though their approach may be unethical without a doubt, it’s up to retail investors to speak out and share pieces on the truth to educate their neighbors.
The Motley Fool, Yahoo Finance, fall in line
The Motley Fool and Yahoo Finance have been one of AMC’s biggest media adversities.
For over a year now, both media sites have aimed to destroy AMC Entertainment’s reputation by painting a doomsday scenario around the company stock, CEO, and shareholders.
Other companies using short and distort campaigns to attack the movie theatre company include:
- Seeking Alpha
- The Verge
Independent blogs such as Franknez.com have been publishing the latter, the progression of the company.
Fox Business’s Charles Payne has also provided a positive attitude towards the development and recovery of the movie theatre chain.
But it’s the ‘ape’ community made up of retail investors who have been telling the ‘whole story’.
The true story.
So, what can investors do to combat mainstream media?
Share content from independent writers, share that activist’s tweet, and get the community’s voice heard.
That is what corporate media truly fears.