AMC Entertainment has been named one of the “100 Most Influential Companies of 2022” globally. Time Magazine recognizes AMC under the ‘Disruptors’ category for ‘Meme-Stock Mastery.
AMC’s CEO Adam Aron shared this news on Twitter. He also noted that AMC joins the elite list of 100 companies, including Alphabet (Google), Amazon, Apple, Disney, Meta (Facebook), Microsoft, Moderna, Pfizer, Reddit, and Walmart.
AMC has been one of the most active stocks, both on and off the stock exchange. Thanks to its investors. During its Q4 earnings call held earlier this month, Adam Aron disclosed that over 95% of AMC’s public float is owned by retail investors; 4 million of them. Gone are the days when AMC was crippled due to the pandemic and was on the brink of bankruptcy. The company was worth a mere $400 million in January 2021, with the stock price dipping under $2 a share. The price of a movie ticket was more than its stock price.
With a brilliant CEO and loyal retail investors, AMC has achieved something deemed impossible by many Wall Street gurus. From embracing cryptocurrencies to investing in other companies, Adam Aron is diversifying AMC’s income source to deal with debts and retain shareholder value. Today AMC’s market capitalization is over $13 billion, with its stock price trading around the $25 – $30 mark.
Recently, Adam Aron also hinted that more ‘transformational & meme-stock powered deals‘ are on the horizon.