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On January 27, r/wallstreetbets triggered a short squeeze on AMC Theatres (ticker symbol: AMC), a company in a similar position to GameStop. [38] The value of AMC Networks (ticker symbol: AMCX) also increased significantly, which was believed to have happened because of the stock's name being similar to AMC's. [39]
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
In June 2021, retail investors once again poured into AMC stock, propelling shares to an all-time high of $77.26 in another alleged short squeeze. [75] Short sellers betting against AMC incurred losses of over $2.8B as a result. [76] AMC issued more shares during the surge, but warned potential investors against buying the shares "unless you ...
Short interest in GameStop has remained elevated since that meme rally, data from S3 Partners showed, with almost 24% of the float. GameStop shorts were down $1.36 billion on Tuesday after losing ...
The short squeeze occurs when the stock price rises rapidly after a short sale and forces investors to buy back shares at higher prices than what they originally sold them for. The increase in ...
The meteoric rise in shares of AMC Entertainment Holdings Inc may have diminished an important options market force that helped fuel its recent gains, analysts said. As AMC’s share price climbed ...
The GameStop short squeeze, starting in January 2021, was a short squeeze occurring on shares of GameStop, [19] [20] primarily triggered by the Reddit forum WallStreetBets. [ 21 ] [ 22 ] This squeeze led to the share price reaching an all-time intraday high of US$483 on January 28, 2021 on the NYSE .
AMC Networks Inc (NASDAQ: AMCX) reported a fiscal fourth-quarter 2024 revenue decline of 11.7% year over year to $599.31 million, missing the analyst consensus estimate of $609.44 million. The ...