#Ape strong together reddit movie#

so you're going to see a lot more outreach to literally millions of investors in our company and it's going to be quite public.Ape charities have thanked the subreddit r/WallStreetBets after its members raised hundreds of thousands of dollars. 'It's going to be a little different now. 'Before when I wanted to talk to the company's ownership, I could fly to Beijing and I could sit down with three or four people and they have 75% of the votes,' he said. These are going to be customers of AMC who come to our theaters and enjoy watching movies at our theaters as paying guests.'īecause of these new investors, Aron said the company will shift how it disseminates information to its shareholders. And these are not people who are just going to be investors in AMC. 'Just go on Twitter, just go on Reddit, just go on YouTube, read what these people write,' he said. This is the first time the company has donated to this organization and it's a clear nod to these new investors.ĪMC delayed its annual shareholders meeting more than a month in order to give these investors an opportunity to attend the event and 'make their important voices heard,' Aron said. the stock is where it is right now because of those retail investors.'Īs a token of appreciation, Aron said that he and AMC would each make a $50,000 donation to the Dian Fossey Gorilla Fund, a conservation fund dedicated to protecting endangered mountain gorillas. And put their money where their mouths are. 'Adam was very complimentary of the individual retail investors,' Handler said, in an interview. The idea being that if the 'apes' are united, they can outlast those that are short on the stock. The phrase has been adopted by retail investors who are bullish on heavily shorted stocks like GameStop or AMC.

#Ape strong together reddit movie#

These new investors, many of which only purchased the stock in recent months, call themselves 'apes.' The name derives from an internet meme based on the movie 'Rise of the Planet of the Apes' in which the main character, a chimpanzee named Caesar, communicates the phrase 'apes together strong' using American sign language. The investing, they say, is based on emotion. 'As such, we do not recommend buying shares of AMC here.'Īnalysts told CNBC that the meme stock frenzy, even if well-intentioned, showcases a lack of knowledge of how financial markets work. 'We expect continued volatility in shares of AMC, as well as trading momentum unrelated to AMC's fundamentals,' Wedbush analyst Alicia Reese wrote in a research note a week before AMC posted its earnings. And while Aron has embraced them, the analysts are fending off harsh comments on Twitter and angry phone calls to their offices. While AMC's new investors are rallying around the stock, Wall Street analysts are a bit more bearish when it comes to the company's performance. 'These individual investors likely own a majority of our shares,' Aron said during Thursday's call. On Friday, shares were trading up about 6%. The stock currently trades above $9 a share. The surge allowed AMC to lighten its debt load by around $600 million. 27, AMC's stock exploded overnight, rising to under $20 a share from $5 the previous trading day. The forum selected several companies that were being shorted by large hedge fund groups and decided to take action. Many of them were inspired by the r/wallstreetbets Reddit page to purchase the stock. Personal Loans for 670 Credit Score or LowerĪMC said it had 3.2 million individual shareholders as of March 11, who own about 80% of the 450 million shares outstanding. Personal Loans for 580 Credit Score or Lower

Best Debt Consolidation Loans for Bad Credit