AMC Entertainment Stock Surges, Fueled By Traders On Reddit

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AMC shares were up nearly 300 percent at the open on Wednesday, trading at $20.31, up from $2.01 less than a month ago.

Shares in the movie theater giant AMC Entertainment surged on Wednesday, driven by casual traders spurred on by Reddit's"r/Wallstreetbets" community, TikTok, and other social platforms."SaveAMC" was one of Twitter's top trending topics Wednesday morning, driven by users of those platforms.

that would allow it to avoid bankruptcy and stay in business well into 2021."Today, the sun is shining on AMC," CEO Adam Aron said. Of course, a community of casual traders operating on mobile apps can bring its own quirks. One of them: Shares of AMC Networks also surged 12 percent at the open Wednesday, apparently driven by users searching for"AMC" in their trading apps, or traders betting that others would make that mistake. AMC Networks trades as"AMCX" while AMC Theatres trades as"AMC."

 

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It’s going crazy. Could be over $1000 a share by the end of the day.

Entertainment for your eyes there Relaxation for your soul here⬇️ Quran

Buy buy buy

Where's my WSB gang?

Fuck Wall Street and their shorts save AMC

Hedge Funds caught onto your game.....its over

Next GameStop get in now

elonmusk do you like the movies? The matrix has you..follow the white rabbit 🐇 SaveAMC

we like movie theaters again, SaveAMC

Fueled by me actually. $amc

henriiiiqueee

I just made a Youtube video talking about the effects of Covid19 on movietheaters. SaveAMC

AMC

sweet_cheri_pie

DOWN TO 14.40 it’s just the morning selloff. BUY AND HOLD THE LINE.

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AMC Stock Surges, Fueled by RedditIn a press briefing Wednesday afternoon, press secretary Jen Psaki said that the White House economic team, including Treasury Secretary Janet Yellin, are 'monitoring the situation' around the unusual trading volumes as a result of SaveAMC only thing they're monitoring is a FREE MARKET! they’ll let fund managers game the system though...time to fight back The stock market is a joke.
Source: THR - 🏆 411. / 53 Read more »

Exclusive: AMC Entertainment explores new capital raise amid stock surge - sourcesAMC Entertainment Holdings Inc is exploring raising more capital, including through yet another possible stock sale, to weather the COVID-19 pandemic and take advantage of this week's rally in its shares, people familiar with the matter said on Thursday. $amc this is why you do what you do wallstreetbets_ give a good company a chance to do something when no one else will. The rich shorted them into BK..WE BROUGHT AMC BACK! Let’s make our presence felt..The Macro is huge but the micro is simple. $amc AMCTheatres SaveAMC My reason for only excepting criminal accountability in this case is the behavior of the criminals. They will sexually assault and commit more crimes. They are not deserving of a break! Will you help me get a FBI/FBIPhoenix/TheJusticeDept investigation?
Source: Reuters - 🏆 2. / 97 Read more »

AMC Entertainment stock now a ‘sell’ at MKM, as price target drops to $1AMC Entertainment Holdings Inc. stock has 'decoupled' from fundamentals and should be sold, according to MKM Partners analyst Eric Handler, who said the... Everybody hold Hahaha
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves midday: GameStop, Moderna, AMC Entertainment and moreCheck out the stocks making the biggest moves in midday trading. gme tothemoon Not at Ally, closed to little fish like me! Have only small money, still frozen out! Soliton $soly announced FDA approval today and yet short sellers dominate it.
Source: CNBC - 🏆 12. / 72 Read more »

Silver surges, AMC ticks up and GameStop falls as retail investors shake up marketssilversqueeze next! I like how we apparently need to regulate the regular Joe's buying these stocks because of 'market manipulation' while ignoring the billions of dollars given to the hedge fund companies in order to help them from going bankrupt. Thank you for doing the research on what is actually happening on Reddit.
Source: ABC - 🏆 471. / 51 Read more »