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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 ...
The AMC shares were sold at $3.45 per share, per the SEC filing. By 8:30 a.m. on Tuesday, shares were trading hands at as much as $10.70. AMC has struggled since the pandemic amid a slow return to ...
AMC stock jumped as much as 9% in early trading on Thursday after the theater chain announced it received approximately $325.5 million of new equity capital through the sale of 40 million shares.
A meme stock is a stock that gains popularity among retail investors through social media. [1] [2] [3] The popularity of meme stocks is generally based on internet memes shared among traders, [4] on platforms such as Reddit's r/wallstreetbets. [5]
GameStop shares lost 60 percent of their value on February 2, closing below $100 for the first time in a week. [65] [66] Reports estimated that about $27 billion in value had been erased. [66] [67] Other assets affected by the short squeeze and put under company trading restrictions, such as AMC and Blackberry shares, also declined in value.
AMC last traded at $12.98 after rising as high as $14.34 during the session, with volume 3.2 times the 10-day moving average and the stock the most-heavily traded on all exchanges.
AMC Entertainment on Wednesday filed to sell up to 50 million more shares in an ongoing quest to stay solvent as it outruns the pandemic. It warned potential investors again that bankruptcy ...
Todd Rosenbluth, Head of ETF and Mutual Fund Research at CFRA, joins Yahoo Finance to discuss how meme stocks are playing into ETFs and themes to watch as inflation concerns continues.