Reddit vs. Wall Street: 4 things to know about the stock market squeeze » Smaller investors were meanwhile exhorting each other online to keep GameStop’s stock rolling higher. In January 2021, GameStop and AMC weren’t the only stocks experiencing major swings fueled by certain Reddit communities. AMC stock soared in early 2021 amid a “short squeeze." WallStreetBets was nowhere to be found. AMC current status (30JAN2021) : AMC has 44.6 million shorted shares and a grand total of 52 million shares. Financial services company E-Trade has restricted purchases of GameStop and AMC stock, a source tells Bloomberg. Here are some of the most shorted stocks as of Jan. 29 by their short interest. AMC Entertainment shares closed almost 0.6% higher in Tuesday’s regular trading session at $14.03, but declined almost 0.8% in the after-hours session to $13.92. Investor's Business Daily Although GameStop, AMC, and Sundial are no longer good candidates for a short squeeze, it doesn't mean other potentially off-the-radar stocks aren't. A user in the WallStreetBets forum posted about an … Despite its weak finances, AMC shares have been popular among retail investors. Source: rblfmr / Shutterstock.com AMC … The Short Squeeze in AMC Stock. If You Bought AMC, GameStop, or Sundial for a Short Squeeze, I Have Bad News ... retail investors on Reddit's WallStreetBets (WSB) chatroom began … So, when Reddit’s WallStreetBets applied a short squeeze on GameStop (NYSE: GME), AMC stock went higher on the ride. Shares of AMC rose $9 on Wednesday to nearly $15, and are now up 600% in the past month, despite the fact that most of AMC's movie theaters remain closed … AMC is up over 12% in pre-market trading as the entertainment company looks to cash in on the recent rally. Second, a short squeeze is not an investing thesis. It’s a trading thesis. Here's what a $10,000 investment into the stock at the beginning of the year is worth now. Traders belonging to the Reddit Investor forum r/WallStreetBets bid up AMC and other heavily shorted stocks such as GameStop Corp. to create a short squeeze earlier this year. 1. AMC Entertainment’s stock has returned year-to-date gains of 324.5%. It has become notable for its colorful and profane jargon, aggressive trading strategies, and for playing a major role in the GameStop short squeeze that caused losses for some U.S. firms and short sellers in a few days in early 2021. In fact, we’ve already seen this in AMC stock That means 86% of shares are shorted (by hedge funds) and 14% are being longed (all of us) Now what everyone is waiting for is when it’s time to close the positions of shorted shares and they (hedge funds) have to cover what they bet on. r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading.
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