AMC Theatres warnings to investors that they could lose their shirts in the giant theater chain’s latest stock sale, or CEO Adam Aron appearing to have gone without pants during a recent webcast has failed to halt a steep rise in the company’s stock price.On Monday, shares in parent AMC...
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...
AMC listed the preferred shares under the symbol "APE" in a nod to Reddit's wallstreetbets stock trading forum, where participants often describe themselves as apes. AMC became a "meme stock" during the COVID-19 pandemic, raising more than $2 billion in 2021 as retail investors piled into...
In January 2021, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling. How about today? According toMarketSurge,short interest— share...
with equal braggadocio. Tesla has been a particular favorite 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...
The gains arrived after retail investors, encouraged by multitudes of anonymous users of the Reddit board r/WallStreetBets, banded together to send AMC and GameStop, another heavily shorted stock, on a moonshot run this week, shredding bets for a decline in the process. The after-hours slide...
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...
Other favorites withWallStreetBets, the Reddit forum that spurred the meme-stock craze three years ago, jumped in pre-market trading on Tuesday. Among them are movie-theater operator AMC Entertainment, whose shares soared 31%, and BlackBerry, with a 12% gain. GameStop shares spiked 60%....
Financial services company E-Trade has restricted purchases of GameStop and AMC stock, a source tells Bloomberg. The two stocks have become popular on forums like the r/WallStreetBets subreddit and seen their prices skyrocket to unprecedented highs over
AMC stock jumped. The moves pointed to an effort to convert its zealous supporters as a resource that lasts beyond the Reddit-fueled frenzy. Over the past few months, AMC saw its retail investor base grow to more than 3.2 million, and they owned more than 80% of the company as of ...