AMC soars and this time GameStop follows as meme stocks get squeezed hard

Dow Jones2021-05-14

MW AMC soars and this time GameStop follows as meme stocks get squeezed hard

Thornton McEnery

Meme stocks are playing role reversal with AMC Entertainment's $(AMC)$ Thursday short squeeze pulling up shares in retail stock GameStop $(GME)$ too.

Individual investors are showing a frothy interest in AMC as users on Reddit and Twitter push an #AMCSqueeze hashtag, and mentions of the stock overall are dominating the discussion among retail traders on Thursday.

"We didn't wait this long for these puny numbers.. the concept you must understand : SHORTS MUST COVER, WE OWN THE FLOAT!" read one popular post on Reddit board r/amcstock.

AMC's stock has responded popping more than 16% in early trading and then moving up again on news that the company had completed its previously announced 43 million share at-the-market equity offering, bringing in $438 million of fresh capital to the beleaguered theater chain.

By 2pm ET, trading volume on AMC was already the highest it has been since March.

GameStop is also pumping higher on the day, breaking through to jump more than 10% at midday but many on social media platforms who see the videogame retailer as a value play were frosty towards the idea of engineering another squeeze on AMC's coattails.

"Amc is FUD and has nothing to do with us," posted one user on r/Superstonk, a board dedicated to GameStop investors and using the pejorative acronym for "fear, uncertainty and doubt.

-Thornton McEnery; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

May 13, 2021 14:17 ET (18:17 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

5

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2135627281?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-14 02:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2135627281","market":"hk","top_or_hot":-1,"title":"AMC soars and this time GameStop follows as meme stocks get squeezed hard","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW AMC soars and this time GameStop follows as meme stocks get squeezed hard\n</p>\n<p>\n  Thornton McEnery \n</p>\n<p>\n  Meme stocks are playing role reversal with AMC Entertainment's <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> Thursday short squeeze pulling up shares in retail stock GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a> too. \n</p>\n<p>\n  Individual investors are showing a frothy interest in AMC as users on Reddit and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> push an #AMCSqueeze hashtag, and mentions of the stock overall are dominating the discussion among retail traders on Thursday. \n</p>\n<p>\n  \"We didn't wait this long for these puny numbers.. the concept you must understand : SHORTS MUST COVER, WE OWN THE FLOAT!\" read <a href=\"https://laohu8.com/S/AONE\">one</a> popular post on Reddit board r/amcstock. \n</p>\n<p>\n  AMC's stock has responded popping more than 16% in early trading and then moving up again on news that the company had completed its previously announced 43 million share at-the-market equity offering, bringing in $438 million of fresh capital to the beleaguered theater chain. \n</p>\n<p>\n  By 2pm ET, trading volume on AMC was already the highest it has been since March. \n</p>\n<p>\n  GameStop is also pumping higher on the day, breaking through to jump more than 10% at midday but many on social media platforms who see the videogame retailer as a value play were frosty towards the idea of engineering another squeeze on AMC's coattails. \n</p>\n<p>\n  \"Amc is FUD and has nothing to do with us,\" posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> user on r/Superstonk, a board dedicated to GameStop investors and using the pejorative acronym for \"fear, uncertainty and doubt. \n</p>\n<p>\n  -Thornton McEnery; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  May 13, 2021 14:17 ET (18:17 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC soars and this time GameStop follows as meme stocks get squeezed hard</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC soars and this time GameStop follows as meme stocks get squeezed hard\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 02:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MW AMC soars and this time GameStop follows as meme stocks get squeezed hard\n\n\n  Thornton McEnery \n\n\n  Meme stocks are playing role reversal with AMC Entertainment's $(AMC)$ Thursday short squeeze ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2135627281","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2135627281","pubTimestamp":1620929820,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW AMC soars and this time GameStop follows as meme stocks get squeezed hard\n\n\n  Thornton McEnery \n\n","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"translate_title":"AMC大涨，而这一次游戏驿站紧随其后，因为meme股票受到了严重挤压","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":1,"AMC":0.9},"content_text":"MW AMC soars and this time GameStop follows as meme stocks get squeezed hard\n\n\n  Thornton McEnery \n\n\n  Meme stocks are playing role reversal with AMC Entertainment's $(AMC)$ Thursday short squeeze pulling up shares in retail stock GameStop $(GME)$ too. \n\n\n  Individual investors are showing a frothy interest in AMC as users on Reddit and Twitter push an #AMCSqueeze hashtag, and mentions of the stock overall are dominating the discussion among retail traders on Thursday. \n\n\n  \"We didn't wait this long for these puny numbers.. the concept you must understand : SHORTS MUST COVER, WE OWN THE FLOAT!\" read one popular post on Reddit board r/amcstock. \n\n\n  AMC's stock has responded popping more than 16% in early trading and then moving up again on news that the company had completed its previously announced 43 million share at-the-market equity offering, bringing in $438 million of fresh capital to the beleaguered theater chain. \n\n\n  By 2pm ET, trading volume on AMC was already the highest it has been since March. \n\n\n  GameStop is also pumping higher on the day, breaking through to jump more than 10% at midday but many on social media platforms who see the videogame retailer as a value play were frosty towards the idea of engineering another squeeze on AMC's coattails. \n\n\n  \"Amc is FUD and has nothing to do with us,\" posted one user on r/Superstonk, a board dedicated to GameStop investors and using the pejorative acronym for \"fear, uncertainty and doubt. \n\n\n  -Thornton McEnery; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  May 13, 2021 14:17 ET (18:17 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":5,"commentSize":0,"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":"4.29.2","shortVersion":"4.29.2","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/2135627281"}