How The AMC Squeeze Compares To The GameStop Run: Are Buyers Just Playing A Game?
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?”
A Congressional hearing into the GameStop mania that triggered the largest weekly selloff since late October is underway, with some of the key players in the saga—billionaire Citadel CEO Kenneth Griffin, Robinhood CEO Vladimir Tenev, Reddit Cofounder Steve Huffman and the 34-year-old securities broker behind the Roaring Kitty online persona—all set to testify.