AMC soars and this time GameStop follows as meme stocks get squeezed hard

Meme stocks are playing role reversal with AMC Entertainment’s Thursday short squeeze pulling up shares in retail stock GameStop too.

5/13/2021 10:57:00 PM

Meme stocks are playing role reversal with AMC Entertainment’s Thursday short squeeze pulling up shares in retail stock GameStop too.

Meme stocks are playing role reversal with AMC Entertainment’s Thursday short squeeze pulling up shares in retail stock GameStop too.

Individual investors are showing a frothy interest in AMC as users on Reddit and Twitter push an #AMCSqueeze hashtag, and mentions of the stock overall are dominating the discussion among retail traders on Thursday.“We didn’t wait this long for these puny numbers.. the concept you must understand : SHORTS MUST COVER, WE OWN THE FLOAT!” read one popular post on Reddit board r/amcstock.

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AMC’s stock has responded popping more than 16% in early trading and then moving up again on news that the company had completed its previously announced 43 million share at-the-market equity offering, bringing in $438 million of fresh capital to the beleaguered theater chain.

By 2pm ET, trading volume on AMC was already the highest it has been since March.GameStop is also pumping higher on the day, breaking through to jump more than 10% at midday but many on social media platforms who see the videogame retailer as a value play were frosty towards the idea of engineering another squeeze on AMC’s coattails. headtopics.com

Read more: MarketWatch »

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Squeeze hard? Are you on shrooms or something? Last two weeks you were bashing now you spew this BS. All you care about is clicks and since Citadel owns the majority in then 🖕you and them too I’m gonna ignore that MarketWatch gets less traffic than a teenagers Facebook page. But didnt you guys tell the world that shorts were covered in Jan? So if this is a “squeeze” (for ants” then that must mean HFS are still opening new short positions? You guys are financial trash

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