Meme stocks are playing role reversal with AMC Entertainment’s AMC, +23.59% Thursday short squeeze pulling up shares in retail stock GameStop GME, +13.96% 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.
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.
“Amc is FUD and has nothing to do with us,” posted one user on r/Superstonk, a board dedicated to GameStop investors and using the pejorative acronym for “fear, uncertainty and doubt.
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