AMC CEO Adam Aron has highlighted a high number of “fail to deliver” AMC shares.
AMC Entertainment Holdings Inc. has again asked the New York Stock Exchange and the Financial Industry Regulatory Authority to look into the trading of its stock, with CEO Adam Aron citing a high number of “fail to deliver” shares.
... AMC Entertainment Holdings Inc. has again asked the New York Stock Exchange and the Financial Industry Regulatory Authority to look into the trading of its stock, with CEO Adam Aron citing a high number of “fail to deliver” shares. In March, Aron tweeted that AMC AMC had asked the NYSE and FINRA to look closely at the trading of its stock.A threshold security is defined as one where, for at least 0.5% of the issuer’s total shares outstanding, transactions have failed to deliver, or failed to clear, for five consecutive settlement days at a registered clearing agency of 10,000 shares or more per security.
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