AMC Entertainment jumps on chatter about Robinhood stock tokenization

Robinhood Markets

04/09/2026 12:34

** Shares of U.S. theater chain AMC Entertainment AMC.N up 5.5% at $2.68 premarket     
** Stock rose as much as 22.4% to $3.11 earlier in the day, with about 6.3 mln shares changing hands 
** Robinhood HOOD.O creates crypto-like token that tracks AMC's stock price but doesn't involve buying its shares or shareholder rights
** CEO Adam Aron calls on HOOD to cease and desist the trading of co's stocks in a post on X.com     
** CEO says AMC has no involvement in, and does not endorse, Robinhood's tokenized stock offering
** The stock tokens are offered through an offshore Jersey-based affiliate and are not registered under U.S. securities laws
** Aron's comments "have brought up AMC very much to the forefront of the retail crowd's agenda or focus," says Fiona Cincotta, senior markets analyst at City Index; adds since the token offering is unregulated, it should be dealt with caution
** AMC is among stocks that have rallied several times over the past few years in sudden bouts of retail trader interest
** Robinhood shares were down 1.7% at $122.52

(Reporting by Avinash P and Johann M Cherian in Bengaluru)
((johann.mcherian@thomsonreuters.com))