Wayne Duggan, 05 June 2021
AMC Entertainment Holdings Inc AMC 6.51% held on to its weekly gains in early afternoon trading on Friday after a sharp pullback in Thursday’s session.
Heading into next week, AMC traders will be asking themselves if this week’s run-up is a repeat of January trading action in GameStop Corp. GME 3.89%, or if the rally in AMC had legs.
Deja Vu? GameStop shares hit their all-time high of $483 on Jan. 28. In the month leading up to that peak, the stock rallied about 1,560%. Continue reading “Article: How The AMC Squeeze Compares To The GameStop Run: Are Buyers Just Playing A Game?”