Amidst the Meme Stock Rally, AMC Stock Records High Options Trading Activity
Wednesday, 15 May 2024, 10:06
AMC Stock Short Squeeze: Latest Updates
Reddit Crowd Sparks Hype
AMC stock, part of the recent meme stock rally, saw a short squeeze driven by social media hype over business fundamentals.
- Options Trading: AMC raised $250 million through high options trading activity.
- Social Media Impact: With 2,237 mentions on Reddit, AMC emerged as a top trending stock.
Notably, retail investors are rallying together to oppose short-sellers, with AMC stock seeing considerable gains.
AMC Stock Analysis
- AMC Pre-market Gains: Expecting a 31.98% gain with premarket price reaching $7.22.
- Short Interest %: Currently standing at 18.82% amidst speculation and criticism from experts.
Despite differing views from experts like Peter Schiff and financial analysts, AMC's surge reflects a trend where individuals challenge institutional investors in the stock market.
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