Here's Why AMC Shares Are Popping Off

OlWestyWin
2022-03-23

$AMC Entertainment(AMC)$

(NYSE:AMC) shares are trading higher by 10.1% at $17.48 amid an increase in retail investor interest.

AMC's average session volume over the trailing 100 trading sessions is 43.925 million, according to data from Benzinga Pro. Volume for Tuesday's trading session has reached 38.705 million at publication time.

AMC is also trending across social media platforms and is the top-trending ticker on StockTwits.

AMC may also be experiencing a short squeeze. AMC has a total share float of 515.00 million, of which 101.33 million shares are sold short, representing 19.68% of shares sold short.

Shares of retail-favorite GameStop Corp. (NYSE:GME) are also trading higher by 25.0% at $117.60 Tuesday afternoon on heavy volume amid an increase in retail investor interest.

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Comments

  • MatthewWalter
    2022-03-23
    MatthewWalter
    major correction incoming. Will possibly see 22 in the coming days. Went too negative too quickly from the previous week.
    • MyrnaNorth: 
      Celebrate the little victories and be a stubborn pain in the ass waiting for the big ones! Practice cautious optimism, nobody knows what tomorrow holds.
    • CatherineGunter: 
      don’t sit on the sideline, buy some shares and let’s keep this train going🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
    • AfraSimon: 
      Hedgies I'm gonna sell one of my shares at $100 and if you behave I'll sell another one at $300. I keep the other 99.9% for the MOON
  • littlesweetie
    2022-03-23
    littlesweetie
    I was planning in buying at $14 then $15 but could not pull the trigger. It’s seems like just such a gamble with a meme stock as fundamentals is all red flags.
  • KittyBruno
    2022-03-23
    KittyBruno
    bears and bulls will both be at the mercy of the invisible hand that moves this market, no one can predict what happens , no matter the numbers, the short interest, the percent of float owned … .
    • LeilaLynch: 
      cover now bears, you’ll regret not covering here, if amc squeezes, it will be like GME , it will never see this price ever again. This stock is more held than GME
  • RoyRoberts
    2022-03-23
    RoyRoberts
    AMC has always been a very popular stock, but I wouldn't get involved in it.
  • FredLee
    2022-03-23
    FredLee
    AMC speculation is more likely and I would not buy this stock.
  • gharoldy
    2022-03-23
    gharoldy
    apeshit is back
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