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“#GameStop and AMC shorters lost $930 million” Investors are estimated to have lost $930 million on their short positions in meme stocks GameStop and AMC Entertainment over the last five trading days, data from financial analytics firm Ortex showed on Tuesday. Shares in GameStop, which was at the heart of the so-called “stonks” retail trading mania…
“#AMC cashes in on Reddit-trading frenzy with $428 million share sale” Cinema operator AMC Entertainment Holdings has raised about $428 million from a share sale, capitalizing on the retail-trading driven surge in its stock earlier this year. The world’s largest cinema chain operator’s shares have gained more than five-folds in 2021 thanks to interest from amateur traders…
“#Cinemark inks deal with Hollywood studios as movie theaters eye recovery” Cinemark, the third-largest movie theater chain in the US, said it has inked new deals with major Hollywood studios that will ensure that movies play in its theaters for a certain timeframe before moving to home video streaming. During the pandemic, studios have opted…
“#AMC to reopen almost all US movie theaters by Friday” AMC, the world’s largest movie theater chain, said it will open nearly all of its US locations starting Friday, marking a significant milestone for the company that narrowly avoided bankruptcy amid the pandemic. Shares of AMC rose nearly 6 percent to $14.35 in early Thursday…
“#AMC stock surges as theaters reopen in Los Angeles” AMC Entertainment is reopening its movie theaters in Los Angeles — and that’s goosing the company’s shares. The world’s largest movie theater operator said late Friday that it would open two theaters in LA, its biggest market, on Monday. The announcement drove AMC’s stock up more…
“#New Yorkers head to Times Square for 1st ‘movie date’ amid COVID” Love — and the smell of popcorn — was back in the air at Times Square Saturday, as couples enjoyed their first “movie date night” in a year. “It was nice to go on an actual date,” Esther Branch, 27, of Brooklyn, told…
“#GameStop stock explodes for second day, Reddit cheers” GameStop’s stock price exploded again Thursday as Reddit’s army of retail traders launched a second salvo in its rebellion against Wall Street. Shares in the video-game retailer surged 101 percent to an intraday peak $184.64 after more than doubling in a wild Wednesday session, adding as much as $9.7 billion…
“#How AMC staved off bankruptcy before Reddit rally” AMC Entertainment CEO Adam Aron has wowed corporate America with his unusual plan to keep the pandemic-plagued theater chain afloat by selling loads of stock to small investors. But getting on the right side of the “Reddit rally” wasn’t always easy and sometimes required Aron to clash…
“#GameStop, AMC shares jump after Robinhood lifts restrictions” Two of Reddit’s favorite “meme stocks” jumped early Friday after Robinhood lifted trading limits that it imposed amid last week’s market mayhem. GameStop shares climbed 5 percent to $56.20 as of 7:08 a.m. while cinema chain AMC Entertainment rose 3.2 percent to $7.32 in premarket trading, clawing…
“#GameStop stock plummets as Reddit rally spreads to pharmaceuticals” The market’s GameStop fever appears to have broken, but other stocks are now starting to feel a bit warm. Shares in the much-discussed video game retailer were down over 33 percent by midday Thursday, adding to a steep decline that has the key player in the…