Shares of AMC Entertainment ( AMC 13.58% ) are continuing their run higher this morning, rising 4.8% as of 10:37 a.m. EST. There has been no news specific ...
There are predictions once again that the MOASS is at hand, but it remains to be seen whether simply rising in sympathy with a fellow meme stock is the trigger the faithful are looking for. Shares of AMC Entertainment ( AMC ) are continuing their run higher this morning, rising 4.8% as of 10:37 a.m. EST. There has been no news specific to the theater operator, but fellow meme stock GameStop ( GME ) is soaring 13% after chairman Ryan Cohen disclosed he bought 100,000 shares of the video game retailer, so it seems traders are reacting to the development. The market largely believes it's a relatively low risk/high reward investment by the theater operator since the $28 million AMC sunk into Hycroft is small compared to the $1.8 billion it has in liquidity available to it.
New York (CNN Business) The meme stocks are back. Shares of GameStop and AMC, two companies beloved by traders on Reddit and other social media platforms, ...
NEW YORK (Reuters) -More than a year after retail investors, aided by social media, forced an epic squeeze of a handful of heavily shorted stocks, a f...
“That provides an opportunity for these investors to try to create a short squeeze,” Ghriskey added. GameStop and AMC were the top two most trending stocks on the retail investor-focused stocktwits.com on Wednesday. GameStop Corp surged 14.5% on Wednesday and AMC Entertainment Holdings ended the session up 13.6%.
Loyal retail investors are sticking to meme stocks even as these companies' turnaround plans still came up short.
AMC shares have strung together a few days of solid gains in the past week. Here is why the stock has been climbing, and what could happen next.
So if interest rate hikes are best for the economy, then stocks will respond to that" The announcement could have hurt the stock market, but it served as a bullish catalyst instead. Is there a substantial rally on the horizon for AMC stock? AMC stock (AMC) - Get AMC Entertainment Holdings, Inc. Class A Report has been zipping higher, and the gains have only accelerated in the past few hours. More recently, AMC stock seems to have been nudged by company-specific news as well. In fact, we think that this is a key reason behind AMC stock’s recent jump.
Meme stocks are everywhere today after GameStop Chairman Ryan Cohen reportedly purchased 100000 shares of GME stock.
On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. GameStop, AMC (NYSE:AMC), Koss (NASDAQ:KOSS) and Sundial Growers (NASDAQ:SNDL) are all in the green today. It seems that Cohen’s purchase this week has ushered in an across-the-board jump for a number of meme stocks. If you recall, Cohen — the founder of Chewy (NYSE:CHWY) — joined GameStop’s board last year with a mission to revitalize the dwindling retailer. Today, GME stock is trending up more than 15% on a very strong week for the company.
AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading higher by 5.0% at $19.17 during Wednesday's pre-market session.
AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher by 5.0% at $19.17 during Wednesday's pre-market session. GameStop is trading higher by 7.6% at $132.46 in Wednesday's pre-market session.