A sign hangs outside an AMC theater in Chicago, Illinois on January 27, 2021. AMC Entertainment stocks have more than quadrupled today as investors continue their buying spree on heavily short stocks.

Scott Olson | Getty Images

Inside sales at AMC Entertainment increased like never before during the recent explosive rally fueled by avid private investors.

A total of seven cinema chain insiders have been around since the 28th. The share price has more than doubled since that day, most recently at USD 57.70 apiece.

Six of them announced their sales on the Friday after the market closed and one in late May, according to InsiderScore.

“Of course, AMC Insiders don’t want to miss the opportunity to redeem stock-based payments on ratings that few months ago could have imagined,” said Ben Silverman, director of research at InsiderScore.

According to InsiderScore, a total of nine Insiders sold this quarter and three paid out in the first quarter. By comparison, there were no sellers in all of 2020 and only three from 2017 to 2019, InsiderScore said.

In particular, CEO Adam Aron, who joined the company in early 2016, never sold his AMC shares.

AMC is up more than 120% in June alone, after climbing 160% in May, pushing its rally over 2,600% in 2021. The stock far exceeded its January high amid the GameStop trading mania, hitting an intraday record of $ 72.62 last week.

Insiders must file their transactions in a company’s common stock and derivative securities with the Securities and Exchange Commission within two business days of the date of the transaction.

In the midst of last week’s massive rally, AMC managed to quickly sell 20 million shares in two separate transactions and raise around $ 800 million in cash.

“Between these two transactions, we raised over $ 800 million in cash, not to fill my pocket or anyone who works at AMC, but to put that money in AMC’s till to strengthen AMC and AMC to do more good to make the company grow. ” ‚ÄúSaid Aron in a YouTube video last week.

Aron has signaled that he plans to sell up to 25 million more shares as the company is close to the limit of shares outstanding its charter allows. From January through May, AMC raised approximately $ 1.6 billion in cash from stock sales.

The company has approximately 501 million shares outstanding and approximately 46,000 shares left for future issuance.

– CNBC’s Sarah Whitten contributed to this story.

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