Silver Lake, Mudrick have reaped huge gains from AMC amid Reddit frenzy - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

South Africa News News

'The trade of a lifetime': Silver Lake and Mudrick have reaped huge gains from their AMC investments as Reddit traders send the stock soaring

Investment firm Silver Lake Group has made the"trade of a lifetime" on AMC Entertainment, one credit hedge fund manager told theThe trade involved Silver Lake swapping risky debt in the downtrodden theater chain for stock. Now, with AMC shares up as much as 370% this week, the wager has paid off handsomely.

Mudrick Capital is another firm that made a similar trade earlier this month. It exchanged $100 million in debt for nearly 13 million shares, which are currently worth $273 million, according to the FT report.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That's true. Look up 'AMC' under bonds here.

I really want to recommend others to start trading with kathleen_pro trading platform,I’ve had massive growth in my BTC wallet after making several withdrawals from their trading platform,it’s so profitable and secured.I’m doing this because of her legitimacy

I AM ALL IN BB

SAI when you control the market/ when reddit enters your market

And I am sure there are many other funds like these out there who have prospered too. And the Reddit people did exactly what they wanted them to.

I love how I had X amount worth of stock and only after the market closed the stock went way down when no public traders had a chance, then next day forced me to sell at a huge loss. Where did the difference go? That’s theft! SCAM!!! robinhood amc

They tried to eat the rich. And they made the wealthy, wealthier. Good job reddit

Why didn’t robinhoodapp stop this?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines