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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 .
AMC stock , a retail trader favorite during the meme stock craze of 2021, fell 3% to close at a record low of $4.55 per share on Friday. At its lows of the day the stock was down more than 11%.
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 hedge fund later turned around and sold all of its AMC stock for a profit, according to Bloomberg News. AMC said in a securities filing that it raised $230.5 million through a stock sale to ...
AMC Entertainment stock tanked more than 20% on Wednesday morning after the cinema chain announced plans to sell up to 40 million shares.The company said it plans to use the proceeds “to bolster ...
GameStop and AMC were among the top ten securities with highest options volume by 11:15 a.m. EDT (1515 GMT), with the majority of traders buying call options, which bet on a stock's rise, data ...
AMC also executed a 10-for-1 reverse stock split at the time. AMC CEO Adam Aron previously said the stock conversion was crucial to AMC having proper cash balances in 2024 and 2025.
AMC Entertainment (NYSE:AMC) stock is on the move Friday as the shares recover from a recent dip that started earlier this week. Source: viewimage / Shutterstock.com The fall of AMC stock ...