Shares of retail favorite AMC nearly double, company woos investors with free popcorn

In an apparent nod to the retail investors that have hyped the stock in forums such as Reddit’s popular WallStreetBets, AMC CEO Adam Aron on Wednesday announced an initiative that offered even the smallest shareholder a free large popcorn if they signed up to a regular newsletter.

"People have learnt what tactics work under these insane circumstances. They are using a very similar play-book," Sosnick said. "Market makers are just chasing the stock," said Matt Amberson, principal at options analytics firm ORATS. "If you began your short at under $10 and you were sure the stock was overvalued at $10 it makes more sense that it’s over valued at $30 or $70,” said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. However, "at a certain point your losses outweigh your thesis."

thanks

AMC 🚀🚀🚀🚀🚀🚀

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AMC Entertainment Embraces Retail Investors With New “Connect” Platform, Free PopcornAMC Entertainment launched an unusual program today called Investor Connect to communicate directly with a mass of individual investors in the U.S. that now own more than 80% of its stock and have … AMC Redditors should get t-shirts saying I helped save AMC and all I got was a large popcorn, while Adam Aron got $3.75m bonus
Source: DEADLINE - 🏆 109. / 63 Read more »

AMC sells 8.5 million shares at near 4% premium to Mudrick Capital, stock surgesAMC Entertainment Holdings Inc. undefined disclosed Tuesday that it sold 8.5 million shares of its common stock for $230.5 million to Mudrick Capital... thanks
Source: MarketWatch - 🏆 3. / 97 Read more »

AMC opens at all-time high, as investors shrug off hedge fund's stock saleShares of AMC surged to open at an all-time high, as investors shrug off hedge fund's stock sale If you’re not in this stock then you failed but good news, it’s not too late! AMC
Source: CNBC - 🏆 12. / 72 Read more »