AMC Insiders Have Unloaded $70 Million of Stock This Year

$AMC Entertainment(AMC.US)$
AMC Entertainment Holdings Inc. has surged almost 20-fold this year after thousands of retail investors piled in to defend the stock against short sellers looking to profit from its decline.

According to my very rudimentary math skills, 70 million dollars worth of stock at a price of $40 a share is 1.75 million shares. Thats 1.75 million shares of a company that has over 500 million shares outstanding. Normally I don't take the conspiracy theory route, but I'm guessing theres a reason why the author only mentions stock value and not the number of shares sold.