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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 ...
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 ...
The struggling movie theater chain AMC jumped 2,300% in a very short span of time in the same year. Some big traders posted collosal losses as GameStop raced from less than $20, to close to $400 each.
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]
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).
At the market close on Monday, AMC stock had risen more than 78% while GameStop had rallied nearly 75%. The moves higher continued, with both AMC and Gamestop shares roughly doubling in price .
The chickens appear to have finally come home to roost for AMC Entertainment (NYSE:AMC) stock. Source: Helen89 / Shutterstock.com For a year now, exasperated short-sellers have thrown up their ...
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 ...