What’s Driving the AMC Trade? It’s More Than the Money, Investors Say

Barron's2021-06-07

The people tradingAMC Entertainmentstock last week have been on a wild and extremely profitable ride.The stock is up more than 2,000% this year, nearly doubling on Wednesday alone. Its valuation has ...

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Comments

风雪腊梅
2021-06-07
风雪腊梅
[鬼臉] [鬼臉] [鬼臉]
LemonKnight
2021-06-07
LemonKnight
Playing with fire
Liangwayne
2021-06-07
Liangwayne
Like and comment please
- jastsm:
  Hi Comment back pls
- Lucky_jk:
  Liked.
- Liangwayne:
  Comment here
SatoruGojo
2021-06-07
SatoruGojo
Buy and hold boys. As simple as that
Kingvect
2021-06-07
Kingvect
Nope...disagree
SatoruGojo
2021-06-07
SatoruGojo
Buy and hold babies

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It’s More Than the Money, Investors Say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/amc-meme-stocks-racial-equity-fairness-51622841602?mod=mw_latestnews><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The people tradingAMC Entertainmentstock last week have been on a wild and extremely profitable ride.The stock is up more than 2,000% this year, nearly doubling on Wednesday alone. Its valuation has ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/amc-meme-stocks-racial-equity-fairness-51622841602?mod=mw_latestnews\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://www.marketwatch.com/articles/amc-meme-stocks-racial-equity-fairness-51622841602?mod=mw_latestnews","article_id":"1152538975","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152538975","pubTimestamp":1623056159,"columns":[],"sourceInfo":{"source_id":"lsy1610680873436","name":"Barron's"},"weMediaInfo":null,"summary":"The people tradingAMC Entertainmentstock last week have been on a wild and extremely profitable ride","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线"},"translate_title":"是什么推动了AMC交易？投资者说，这不仅仅是钱","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9},"content_text":"The people tradingAMC Entertainmentstock last week have been on a wild and extremely profitable ride.The stock is up more than 2,000% this year, nearly doubling on Wednesday alone. Its valuation has reached levels that seem out of touch with reality, and the memes about it floating around Reddit andTwitterarevarious shades of nonsense. But in interviews, investors taking part in the frenzy described reasons for getting involved that also touch on profound societal issues like racial justice and income inequality.Understanding the meme-stock movement starts by accepting that the motivations behind it can be both shallow and deep.For Natalie Camacho, a 27-year-old writer from California’s San Fernando Valley, investing in AMC and other stocks has made her feel empowered, even if she isn’t making life-changing money in the trade. As a first-generation Mexican-American, she said, she grew up thinking that investing wasn’t for people like her.“I used to think you need like $10,000 to invest in the stock market,” she said. “You can do it with as little as $25.” She bought 11 shares of AMC in January for $100 because she expected the stock to rise as movie theaters reopened around the country. She watched as other people also bought in, and gathered on Discord, Reddit, and Twitter to celebrate and joke around.The notion that a bunch of supposed nobodies could make a stock rise felt “kind of radical.”“There’s so many of us, especially in communities of color, and especially in communities of lower-class status. Our parents don’t know” about the stock market, she said. “My parents are immigrants. My friend’s parents are immigrants from Nigeria as well. And so they don’t have this concept of generational wealth.”Camacho’s $100 investment had grown to about $460 as of Thursday, but she didn’t intend to sell. She is enjoying the ride right now, even if she suspects it may not end with enormous financial gains.“What draws me to it is that communal sense, that we’re all in this together,” she said. There’s a sense that “if we pool our money together, we might not be rich, but we’ll have enough to make a difference.”Some of that same spirit is driving other investors too. Brittany Harrell, a 33-year-old who works at a nonprofit in Virginia, put $180 into AMC through her Stash app in January. She has since made about $500.At the time she bought, she simply had a hunch. “I was bored and I thought I’d throw some money at AMC,” she said. Since then, she’s enjoyed the ride, and finds the chatter around the stock funny. But she’s also been reflecting on how easy-to-use investing apps that don’t charge commissions for trading have opened up a world that she didn’t expect to be a part of.“Just for me personally, as a black woman, I would love to create generational wealth for my family,” she said. “That wasn’t something that I had before. But now I’m in a position where I can create that. I bought a house during the pandemic. Now I’m playing around with stocks. Maybe one day, I’ll hit it big. I don’t know. But it is nice that I even thought about it. I’d never even thought about it five years ago.”Harrell has gotten a kick out of watching people help each other through Internet forums like Reddit.“I just love seeing people obtain things that our society deems unobtainable for regular everyday people,” she said. The image of a stock-trader tends to be “typically a white guy in New York. They rule the stock market, like that’s their territory. Now it’s just so many people. I love seeing women and people of color just kill it right now.”For others, the trade has been a way to gamble some of their fun money. “For me this trade is leisure fun,” said Scott Gaught, a 36-year-old information technology specialist in Atlanta. “I’m not trying to make hand over fist money.”For Gaught, trading stocks has been a substitute for more traditional gambling, which he liked to do at casinos until last year. “Since the pandemic, I’ve had to find other ways to exercise that pleasure,” he said. Gaught is less interested in the narrative around AMC of retail investors taking on hedge funds that had sold the stock short, hoping to profit as it fell. Like other investors, he said he had a hunch in January that movie theaters might start doing well and saw that ticket sales had been rising for movies likeA Quiet Place Part II.But he also thinks he may start trading stocks a little bit less in the future. One of his old leisure activities is back. “I’m going to Vegas in the middle of July,” he said.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":114175096,"gmtCreate":1623061558715,"gmtModify":1704195248499,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"htmlText":"[鬼臉]&nbsp;[鬼臉]&nbsp;[鬼臉]&nbsp;","listText":"[鬼臉]&nbsp;[鬼臉]&nbsp;[鬼臉]&nbsp;","text":"[鬼臉] [鬼臉] [鬼臉]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114175096","repostId":1152538975,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":114129700,"gmtCreate":1623058629600,"gmtModify":1704195198543,"author":{"id":"3574111546877297","authorId":"3574111546877297","name":"LemonKnight","avatar":"https://static.tigerbbs.com/3c60de844e096b17f501651688ac4631","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574111546877297","authorIdStr":"3574111546877297"},"htmlText":"Playing with fire","listText":"Playing with fire","text":"Playing with fire","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114129700","repostId":1152538975,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":114184766,"gmtCreate":1623057712055,"gmtModify":1704195180361,"author":{"id":"3581545292648790","authorId":"3581545292648790","name":"Liangwayne","avatar":"https://static.tigerbbs.com/c7725872cc63bfc4a00710c540d2fa75","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581545292648790","authorIdStr":"3581545292648790"},"htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/114184766","repostId":1152538975,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4615500,"gmtCreate":1623059561774,"gmtModify":1663228116845,"authorId":3566625666991378,"author":{"id":3566625666991378,"idStr":"3566625666991378","authorId":3566625666991378,"name":"jastsm","avatar":"https://static.tigerbbs.com/788c247e8da6b8b77693cdcfee1b68eb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":114184766,"type":1,"supId":0,"prevId":0,"content":"Hi Comment back pls ","text":"Hi Comment back pls ","html":"Hi Comment back pls "},{"id":4615363,"gmtCreate":1623058626995,"gmtModify":1663228115948,"authorId":3582019013174479,"author":{"id":3582019013174479,"idStr":"3582019013174479","authorId":3582019013174479,"name":"Lucky_jk","avatar":"https://static.tigerbbs.com/e6bb76d91ce80402431f828f4950d954","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":114184766,"type":1,"supId":4615207,"prevId":0,"content":"Liked.","text":"Liked.","html":"Liked."},{"id":4615207,"gmtCreate":1623057728638,"gmtModify":1663228115740,"authorId":3581545292648790,"author":{"id":3581545292648790,"idStr":"3581545292648790","authorId":3581545292648790,"name":"Liangwayne","avatar":"https://static.tigerbbs.com/c7725872cc63bfc4a00710c540d2fa75","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":114184766,"type":1,"supId":0,"prevId":0,"content":"Comment here","text":"Comment here","html":"Comment here"}],"langContent":"EN"},{"id":114183676,"gmtCreate":1623057251895,"gmtModify":1704195170724,"author":{"id":"3574391391584475","authorId":"3574391391584475","name":"SatoruGojo","avatar":"https://community-static.tradeup.com/news/9bd43d2c8f9eb3063b87b8705c7b3c1c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574391391584475","authorIdStr":"3574391391584475"},"htmlText":"Buy and hold boys. As simple as that","listText":"Buy and hold boys. As simple as that","text":"Buy and hold boys. As simple as that","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114183676","repostId":1152538975,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":114180061,"gmtCreate":1623057069153,"gmtModify":1704195166952,"author":{"id":"3571149964024608","authorId":"3571149964024608","name":"Kingvect","avatar":"https://static.tigerbbs.com/da838815e20279e45c29d95e07bdb79a","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3571149964024608","authorIdStr":"3571149964024608"},"htmlText":"Nope...disagree","listText":"Nope...disagree","text":"Nope...disagree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114180061","repostId":1152538975,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":114117578,"gmtCreate":1623057053694,"gmtModify":1704195166295,"author":{"id":"3574391391584475","authorId":"3574391391584475","name":"SatoruGojo","avatar":"https://community-static.tradeup.com/news/9bd43d2c8f9eb3063b87b8705c7b3c1c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574391391584475","authorIdStr":"3574391391584475"},"htmlText":"Buy and hold babies","listText":"Buy and hold babies","text":"Buy and hold babies","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114117578","repostId":1152538975,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":14,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1152538975"}