Mudrick Capital no longer owns debt or equity in AMC, sources say
Investment firm Mudrick Capital has exited both its debt and equity positions in AMC Entertainment, sources tell CNBC's David Faber.
, as the theater chain's stock continues to trade wildly amid a boom in speculative retail trading.AMC announced earlier this week that it had sold 8.5 million equity shares to Mudrick for $230.5 million. The hedge fund was also involved in a key $100 million debt restructuring deal with AMC in December.
The company completed another equity offering on Thursday, raising $587 million. Even with an 18% decline on Thursday, the stock is still up 96% this week.Bloomberg News first reported that Mudrick had exited its equity position.Become a smarter investor with
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Timelapse: 10-story building goes up in nearly one day - CNN Video
Using a pre-fab, modular design, BROAD Group was able to construct a 10-story apartment building in 28 hours and 45 minutes in Changsha, China.
KerryCaufield davidfaber I know another short seller that’s out of their position...I’m absolutely positive David Faber’s friend, darn what’s his name? Didn’t he knock CLOV to record lows & cash in by getting DF to bark loudly? Why did CLOV pop +25% today? I lost-did CNBC learn a lesson? davidfaber Does AMC meet code with enough exits?
davidfaber Yall can stop with the hit pieces now. This is actually old news. You sleep on a bed of lies, hedgies. $AMC davidfaber Just bought more shares. thanks. 🖕Fake Journalism 🖕Citadel davidfaber good
Senate Democrats call on Google to conduct racial equity auditA group of Senate Democrats led by Cory Booker are calling on Google to carry out a racial equity audit that they say is “long overdue' Company infamous for hiring employees based on skin color instead of merit could probably use a 'racial equity audit' This cracks me up. It's so funny how minority groups want special treatment and think they are entitled to it over another who may be more qualified. The fusion of the Democratic Party with social media is almost complete.
Shares of retail favorite AMC nearly double, company woos investors with free popcornShares of retail investor favorite AMC Entertainment Holdings Inc (AMC.N) nearly doubled in price on Wednesday, extending a breathtaking rally and reinvigorating the meme stock phenomenon that has captivated investors. AMC 🚀🚀🚀🚀🚀🚀 thanks
Analysis: With AMC shares sky-high, ‘gamma squeeze’ less of a driving forceThe meteoric rise in shares of AMC Entertainment Holdings Inc (AMC.N) may have diminished an important options market force that helped fuel its recent gains, analysts said. Did they not even look at the options chain for next week Buy the dip 😎
Here’s AMC’s blunt new warning to prospective buyers of its new stock offeringIn its prospectus, AMC Entertainment says the current value does not reflect its underlying business or macroeconomic conditions.
Meme Stocks Are On a Wild Ride, Led by AMCThe latest moves come amid a surge over the past two weeks in meme stocks, a frenetic rally reminiscent of the Reddit-fueled craze of late January. $GME is the only way Led by a CEO offering short sellers direct sells to cover their positions after the float keeps being eaten up. Visit the Reddit SUPERSTONK for peer reviewed journalistic integrity.
Meme Stocks Crash: AMC Plunges After Investor Warning—Sparking $10 Billion SelloffFollowing a nearly unabated weeks-long run-up, shares of AMC Entertainment plummeted this morning—sparking a $10 billion selloff