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AMC Entertainment ( AMC) is cashing in on the revival of the meme stock trade. The struggling theater chain raised $250 million of "new equity capital" through the sale of 72.5 million shares on ...
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.
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 ...
GameStop stock ( GME) rose nearly 60% on Tuesday, adding to a meme-fueled rally that sent shares of the video game retailer up 74% in the prior session. The rise in GameStop was also accompanied ...
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. ...
Tuesday morning, AMC announced it had raised $250 million off the run-up in its stock value from the near-doubling of its share price Monday (though it was just $3 to $5 per share). It's likely ...
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 ...
AMC Entertainment Holdings, Inc. (NYSE: AMC) shares have seen wild swings in a Reddit-driven rally, and the meme stock could be in for a big correction, according to an analyst at LightShed Partners.
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