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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]
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 .
The book covers the events of the GameStop short squeeze, which saw the collapse of Melvin Capital as users of r/wallstreetbets and other retail traders initiated a short squeeze on stocks like GameStop, AMC and Bed, Bath & Beyond. It was published by Grand Central Publishing in the United States on September 7, 2021.
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.
The epic retail investor-led short squeeze of video game retailer GameStop in 2021 that resulted in billions of dollars in losses of former hedge fund Melvin Capital put the focus, at least in ...
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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 ...
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 ...