By pumping those stocks, the Reddit traders are pulling off what’s called a “short squeeze,” forcing those funds that are shorting the companies to buy new shares to cover their positions and minimize losses (potentially boosting the stock price even higher). One fund that had publicly ...
Melvin Capital, has beenforced to close outof its GameStop position today with a huge loss expected, likely in the millions of dollars. It’s not clear if we’ll see the same sequence of events with AMC, but Reddit is trying to make it happen. ...
WallStreetBets investors aimed to create what is referred to as “a short squeeze.” That’s when a company’s stock price runs higher than short-sellers anticipated, forcing them to buy the shares back at the higher-than-expected prices to stave off even deeper losses. ...
There was the threat of regulators becoming heavy-handed about internet chat rooms to consider and the likelihood that Reddit vs Wall Street would be a fad. The amorphous group of Reddit users had no leader, and they were glued together only by stock price momentum. There was even...
stock (or "stonk" in the forum's slang) of the group, and the market value of the automaker has skyrocketed over the last year to what many consider to be a wholly irrational price (by one estimate,it would take 1,600yearsfor Tesla to earn enough money to justify its recent price ...
Meanwhile, Google searches for “invest” and “buy stocks” have fallen back to pre-pandemic levels, in what DataTrek co-founder Nicholas Colas said is an ominous sign for the meme stock rally. "Bubbles need fresh money, or they deflate. Quickly," wrote Colas in a Thursday research note...
Last month AMC was caught up in a Reddit-fueled share-price rally that pushed its stock up more than fourfold in a matter of days. Retail investors also bought shares of the company on Tuesday. Reddit posters were less enthusiastic on Thursday, with one saying "this is old news from May...
Reddit Inc ▼-1.64% 169.19-2.82 CCZ —0.00% 57.750.00 TBB ▼-0.04% 24.25-0.01NewsProfileAnalyst Coverage5 Yr. FinancialsDividendsEarningsPrice HistoryEventsInsiders AMC Entertainment Holdings Inc. Class A News Media & Entertainment Business News Nov 8, 2024 8:33 PM EST AMC reveals which new fil...
Wold’s price target of $16 was surpassed last Tuesday, leading him to downgrade the stock from “buy” to “neutral.” At that time, Wold had been the sole analyst with a buy rating, according to FactSet. “Given that we only recently increased our [price target] from $13 to...
Two days later, AMC's stock began its wild ride in earnest. Shares surged 300% to $20 as investors in the Reddit community triggered a short squeeze. AMC share price June 2 CEO launches shareholder perks, including free popcorn July 7 ...