AMC CEO Is Preparing Some 'Aromatic Crow Soup, Crow Stew And Crow Pie' For Wall Street Pros: Here's Why

AMC Entertainment Holdings Inc. AMC CEO Adam Aron has taken a dig at Wall Street professionals who criticized the movie theatre chain’s recent investment in gold and silver miner Hycroft Mining Holding Corp. HYMC.

What happened: Aron took to Twitter to say he is preparing some “aromatic” crow dishes for the critics.

The CEO also noted that AMC and Hycroft Mining were the most active stocks on the stock exchanges for the second straight day on Tuesday.

The stocks saw heavy trading volume after Aron told CNBC in an interview on Monday that AMC is looking for more transformational M&A opportunities following its investment in Hycroft.

See Also: How To Buy AMC (AMC) stock

Why It Matters: AMC’s acquisition of a 22% stake in Hycroft had sparked a debate about whether the investment made sense for the movie theatre chain.

Aron said AMC was looking at ways to put the company's sizable cash position to work and found that Hycroft was “exactly like AMC a year ago.”

AMC and videogame retailer GameStop Corp. GME —  darlings of the WSB forum and among the most heavily shorted stocks last year — continue to see high interest from retail investors.

Price Action: AMC Entertainment shares closed 0.4% higher in Tuesday’s regular trading session at $29.45, but lost 1.0% in the after-hours session to $29.15, according to data from Benzinga Pro.

Read Next: Apple Stock Extends Winning Streak To 11 Sessions: Does The Rally Have More Legs?

Market News and Data brought to you by Benzinga APIs
Posted In: EntertainmentNewsPenny StocksGeneralAdam AronMeme Stocksstonkswallstreetbets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...