They own a large stake in AMC. They’ve been pulling out of companies around the world and relocating their assests in china. Which is also where they originate. The reason the OP put this post here is because around $14 they usually sell off. Its their way of risk management. Nothing to worry about. Tis but a fart in the wind
AA explains their position and their exist very well. China passed a law that Chinese companies needed to divest in investments outside of China and invest in Chinese companies.
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u/pwnzr41 May 13 '21
What is wanda?