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(Reuters) -Investors shorting "meme stock" AMC Entertainment Holdings are estimated to have lost about $512 million on Monday after a rally that sent the cinema operator's shares up more than 15% ...
Short interests, or bets on a stock's decline, have stayed mostly flat for both GameStop and AMC this week, analytics firm Ortex Technologies said. Short sellers took unrealized losses worth $1.14 ...
GameStop and AMC weren't the only stocks caught up in this week's meme craze.While shares of the short-lived rally's flag bearers continued to unravel Friday, smaller meme-related equities ended ...
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
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]
In 2005, AMC Theatres announced that it would merge with Loews Cineplex Entertainment and that the merged company would adopt the AMC name. [22] At the time of the merger, Loews operated 198 theaters with 2,235 screens. Many theaters were rebranded as AMC Loews until the Loews name was phased out in 2017.
Short interest in GameStop has remained elevated since that meme rally, data from S3 Partners showed, with almost 24% of the float. GameStop shorts were down $1.36 billion on Tuesday after losing ...
The channel's first original series was the game show The Movie Masters, which ran from 1989 to 1990 and was otherwise notable for being Gene Rayburn's last hosting role; outside Remember WENN and Filmfakers, most of AMC's original programming prior to September 2007 consisted of film history-related documentary and review programs.