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AMC fell to about $16 a share in January of last year when this trader sold. The stock currently sits just below $6 per share. “I was so stressed out and lost so much, my wife threatened to ...
Veteran trader David Green was back live trading on Benzinga Tuesday morning, and the long-time trader made some trades in some big-name stocks such as Affirm Holdings Inc (NASDAQ: AFRM), AMC ...
A GameStop store in a mall. In September 2019, Gill, under the username "u/DeepFuckingValue", posted on the subreddit r/wallstreetbets a screenshot of a trade consisting of a roughly $53,000 long position in GameStop; [8] Gill's Reddit posts and YouTube videos argued (through both fundamental and technical analysis) that the stock was undervalued. [3]
American Motors Corporation (AMC; commonly referred to as American Motors) was an American automobile manufacturing company formed by the merger of Nash-Kelvinator Corporation and Hudson Motor Car Company on May 1, 1954. At the time, it was the largest corporate merger in U.S. history. [3]
The traders bid up shares of the retailer, targeting short sellers. The retail investors sent other stocks soaring in 2021, including AMC Entertainment and Bed Bath & Beyond.
Interest in meme stocks started in 2020, [4] in what the U.S. Securities and Exchange Commission has called a "meme stock phenomenon". [12] The stock of American video game retailer GameStop has been one of the most popular meme stocks, [13] [14] with mass purchases of the stock leading to a short squeeze on GameStop in early 2021. [5]