AMC Entertainment Holdings, Inc. was plummeting over 17 percent on Monday after breaking bearishly from a bear flag pattern on the daily chart that Benzinga called out on Friday morning.
Insiders have been on a selling spree recently with CEO Adam Aron and CFO Sean Goodman cashing out a combined $10.2 million in stock on Dec. 7. Insider selling is often viewed as negative because it can indicate executives have lost faith in the company although Aron took to Twitter to announce he was diversifying his assets for estate planning.
