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Cinema chain AMC dropped 7.7%, after rising 135% in the past two sessions, while video game retailer GameStop fell 10% after hitting its highest level since June 2021 on Tuesday.
The recently released movie "Dumb Money", about a YouTube content creator who encourages his followers to invest in heavily-shorted stocks, has stirred up more discourse regarding meme stocks. See ...
AMC Entertainment Holdings, Inc (NYSE:AMC) stock is trading lower Friday, like other popular retail trader stocks, also called the ‘meme stocks,’ in sympathy with GameStop Corp (NYSE:GME).
The rise in GameStop was also accompanied by a spike in AMC stock. Shares of the theater chain operator rose about 30% after gaining as much as 120% earlier on Tuesday. ... shorted stocks rallying ...
Last week, investors shorting the stock were estimated to have lost $1.23 billion as the shares rallied more than 116 percent, according to data from S3 Partners. The stock is up more than 2,800 ...
GameStop stock is down over 70% from its 2021 intraday peak, while AMC is 99% off its all-time high. Since he recently resumed posting on Sunday, Gill has posted over clips of movies on social ...
AMC Entertainment is cashing in on the revival of the meme stock trade. The struggling theater chain raised $250 million of "new equity capital" through the sale of 72.5 million shares on Monday ...
Short-sellers aim to turn profits on a stock by borrowing shares, selling them and returning them after purchasing them at a lower price. Shares of AMC Entertainment, another meme stock, popped 78 ...