Why Did Rep. Michael Garcia Just Sell His AMC Stock?

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Why Did Rep. Michael Garcia Just Sell His AMC Stock?

InvestorPlace2022-08-26

Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in...

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Big Bull
·2022-08-29
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BotakGuy
·2022-08-26
Paper hands ?
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Michael Garcia Just Sell His AMC Stock?","media":"InvestorPlace","content":"<div>\n<p>Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in...</p>\n\n<a href=\"https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/\">Source Link</a>\n\n</div>\n","source":"investorplace","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>Why Did Rep. Michael Garcia Just Sell His AMC Stock?</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\">\nWhy Did Rep. Michael Garcia Just Sell His AMC Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 09:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in...</p>\n\n<a href=\"https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/\">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://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/","article_id":"1158445939","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158445939","pubTimestamp":1661478314,"columns":[],"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company'","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线","APE":"AMC Entertainment Preferred"},"translate_title":"为什么众议员迈克尔·加西亚刚刚卖掉了他的AMC股票？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9,"APE":0.9},"content_text":"Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in the past month.Shares of AMC Entertainment(NYSE:AMC) are in focus after California House Representative Michael Garciadisclosed selling between $1,001 and $15,000 worth of the movie theater chain. AMC stock has declined in recent days due to the special dividend issuanceofAMC Entertainment Preferred Equity Units(NYSE:APE).Each APE unit carries the same voting rights as a share of AMC. In addition, both AMC and APE have 516.82 million shares outstanding. AMC noted the issuance of the APE dividend would “be similar to a 2/1 stock split.” On top of that, acclaimed investor Jim Chanos disclosed that he was short AMC and long APE in an arbitrage trade earlier this week. Chanos’ reason for shorting AMC may be the same reason Garcia is selling his shares.Let’s get into the details.Rep. Michael Garcia Sells Shares of AMC StockSince APE and AMC have the same voting rights and the same number of shares outstanding, Chanos reasons the two classes of equity should trade at roughly the same price. One difference between the two equities is that APE units carry preferred status. 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Michael Garcia Just Sell His AMC Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1158445939","media":"InvestorPlace","summary":"Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company'","content":"<html><head></head><body><ul><li>Garcia sold between $1,001 and $15,000 of <b>AMC Entertainment</b>(<b><u>AMC</u></b>).</li><li>The sale may be due to the company&#39;s preferred equity shares, <b>AMC Preferred Equity Units</b>(<b><u>APE</u></b>).</li><li>Shares of AMC stock are down about 35% in the past month.</li></ul><p>Shares of <b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) are in focus after California House Representative Michael Garciadisclosed selling between $1,001 and $15,000 worth of the movie theater chain. AMC stock has declined in recent days due to the special dividend issuanceof<b>AMC Entertainment Preferred Equity Units</b>(NYSE:<b><u>APE</u></b>).</p><p>Each APE unit carries the same voting rights as a share of AMC. In addition, both AMC and APE have 516.82 million shares outstanding. AMC noted the issuance of the APE dividend would “be similar to a 2/1 stock split.” On top of that, acclaimed investor Jim Chanos disclosed that he was short AMC and long APE in an arbitrage trade earlier this week. Chanos’ reason for shorting AMC may be the same reason Garcia is selling his shares.</p><p>Let’s get into the details.</p><p><b>Rep. Michael Garcia Sells Shares of AMC Stock</b></p><p>Since APE and AMC have the same voting rights and the same number of shares outstanding, Chanos reasons the two classes of equity should trade at roughly the same price. One difference between the two equities is that APE units carry preferred status. This means in the event of an AMC bankruptcy, APE shareholders will be entitled to receive payouts before AMC shareholders. Furthermore, APE units have the possibility to be converted into AMC shares. In order for this to happen, AMC’s board must propose a convertibility feature and receive shareholder approval. Chanos added:</p><blockquote>“Functionally, the two securities are the same. And I’d guess the apes will be putting pressure on Mr. Aron, if the discount continues, to make it freely convertible sooner rather than later.”</blockquote><p>Yesterday, AMC closed at $9.58 while APE closed at $7.13, representing a 34% difference to the upside. Today, APE is down more than 4%, while AMC is down 0.1%.</p><p>Meanwhile, <b>Quiver Quant’s</b> Congress Long-Short Strategy is up 46% in the past year, compared with a 13% decline in the <b>S&amp;P 500</b>. The strategy tracks trades of members of Congress and their family and takes a long position in stocks that have been bought and a short position in stocks that have been sold. The strategy carries a beta of 0.93 and a Sharpe ratio of 1.91.</p></body></html>","source":"investorplace","collect":0,"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>Why Did Rep. 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Michael Garcia Just Sell His AMC Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 09:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in...</p>\n\n<a href=\"https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APE":"AMC Entertainment Preferred","AMC":"AMC院线"},"source_url":"https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158445939","content_text":"Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in the past month.Shares of AMC Entertainment(NYSE:AMC) are in focus after California House Representative Michael Garciadisclosed selling between $1,001 and $15,000 worth of the movie theater chain. AMC stock has declined in recent days due to the special dividend issuanceofAMC Entertainment Preferred Equity Units(NYSE:APE).Each APE unit carries the same voting rights as a share of AMC. In addition, both AMC and APE have 516.82 million shares outstanding. AMC noted the issuance of the APE dividend would “be similar to a 2/1 stock split.” On top of that, acclaimed investor Jim Chanos disclosed that he was short AMC and long APE in an arbitrage trade earlier this week. Chanos’ reason for shorting AMC may be the same reason Garcia is selling his shares.Let’s get into the details.Rep. Michael Garcia Sells Shares of AMC StockSince APE and AMC have the same voting rights and the same number of shares outstanding, Chanos reasons the two classes of equity should trade at roughly the same price. One difference between the two equities is that APE units carry preferred status. This means in the event of an AMC bankruptcy, APE shareholders will be entitled to receive payouts before AMC shareholders. Furthermore, APE units have the possibility to be converted into AMC shares. In order for this to happen, AMC’s board must propose a convertibility feature and receive shareholder approval. Chanos added:“Functionally, the two securities are the same. And I’d guess the apes will be putting pressure on Mr. Aron, if the discount continues, to make it freely convertible sooner rather than later.”Yesterday, AMC closed at $9.58 while APE closed at $7.13, representing a 34% difference to the upside. Today, APE is down more than 4%, while AMC is down 0.1%.Meanwhile, Quiver Quant’s Congress Long-Short Strategy is up 46% in the past year, compared with a 13% decline in the S&P 500. The strategy tracks trades of members of Congress and their family and takes a long position in stocks that have been bought and a short position in stocks that have been sold. The strategy carries a beta of 0.93 and a Sharpe ratio of 1.91.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9995531689,"gmtCreate":1661479342942,"gmtModify":1676536527504,"author":{"id":"3557831813182222","authorId":"3557831813182222","name":"BotakGuy","avatar":"https://community-static.tradeup.com/news/022cac584c2e108f4c8bfef1e94aa79d","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":7,"crmLevelSwitch":1,"idStr":"3557831813182222","authorIdStr":"3557831813182222"},"htmlText":"Paper hands ?&nbsp;","listText":"Paper hands ?&nbsp;","text":"Paper hands ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995531689","repostId":1158445939,"repostType":2,"repost":{"id":"1158445939","kind":"news","pubTimestamp":1661478314,"share":"https://ttm.financial/m/news/1158445939?lang=&edition=fundamental","pubTime":"2022-08-26 09:45","market":"us","language":"en","title":"Why Did Rep. Michael Garcia Just Sell His AMC Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1158445939","media":"InvestorPlace","summary":"Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company'","content":"<html><head></head><body><ul><li>Garcia sold between $1,001 and $15,000 of <b>AMC Entertainment</b>(<b><u>AMC</u></b>).</li><li>The sale may be due to the company&#39;s preferred equity shares, <b>AMC Preferred Equity Units</b>(<b><u>APE</u></b>).</li><li>Shares of AMC stock are down about 35% in the past month.</li></ul><p>Shares of <b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) are in focus after California House Representative Michael Garciadisclosed selling between $1,001 and $15,000 worth of the movie theater chain. AMC stock has declined in recent days due to the special dividend issuanceof<b>AMC Entertainment Preferred Equity Units</b>(NYSE:<b><u>APE</u></b>).</p><p>Each APE unit carries the same voting rights as a share of AMC. In addition, both AMC and APE have 516.82 million shares outstanding. AMC noted the issuance of the APE dividend would “be similar to a 2/1 stock split.” On top of that, acclaimed investor Jim Chanos disclosed that he was short AMC and long APE in an arbitrage trade earlier this week. Chanos’ reason for shorting AMC may be the same reason Garcia is selling his shares.</p><p>Let’s get into the details.</p><p><b>Rep. Michael Garcia Sells Shares of AMC Stock</b></p><p>Since APE and AMC have the same voting rights and the same number of shares outstanding, Chanos reasons the two classes of equity should trade at roughly the same price. One difference between the two equities is that APE units carry preferred status. This means in the event of an AMC bankruptcy, APE shareholders will be entitled to receive payouts before AMC shareholders. Furthermore, APE units have the possibility to be converted into AMC shares. In order for this to happen, AMC’s board must propose a convertibility feature and receive shareholder approval. Chanos added:</p><blockquote>“Functionally, the two securities are the same. And I’d guess the apes will be putting pressure on Mr. Aron, if the discount continues, to make it freely convertible sooner rather than later.”</blockquote><p>Yesterday, AMC closed at $9.58 while APE closed at $7.13, representing a 34% difference to the upside. Today, APE is down more than 4%, while AMC is down 0.1%.</p><p>Meanwhile, <b>Quiver Quant’s</b> Congress Long-Short Strategy is up 46% in the past year, compared with a 13% decline in the <b>S&amp;P 500</b>. The strategy tracks trades of members of Congress and their family and takes a long position in stocks that have been bought and a short position in stocks that have been sold. The strategy carries a beta of 0.93 and a Sharpe ratio of 1.91.</p></body></html>","source":"investorplace","collect":0,"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>Why Did Rep. Michael Garcia Just Sell His AMC Stock?</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\">\nWhy Did Rep. Michael Garcia Just Sell His AMC Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 09:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in...</p>\n\n<a href=\"https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APE":"AMC Entertainment Preferred","AMC":"AMC院线"},"source_url":"https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158445939","content_text":"Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in the past month.Shares of AMC Entertainment(NYSE:AMC) are in focus after California House Representative Michael Garciadisclosed selling between $1,001 and $15,000 worth of the movie theater chain. AMC stock has declined in recent days due to the special dividend issuanceofAMC Entertainment Preferred Equity Units(NYSE:APE).Each APE unit carries the same voting rights as a share of AMC. In addition, both AMC and APE have 516.82 million shares outstanding. AMC noted the issuance of the APE dividend would “be similar to a 2/1 stock split.” On top of that, acclaimed investor Jim Chanos disclosed that he was short AMC and long APE in an arbitrage trade earlier this week. Chanos’ reason for shorting AMC may be the same reason Garcia is selling his shares.Let’s get into the details.Rep. Michael Garcia Sells Shares of AMC StockSince APE and AMC have the same voting rights and the same number of shares outstanding, Chanos reasons the two classes of equity should trade at roughly the same price. One difference between the two equities is that APE units carry preferred status. This means in the event of an AMC bankruptcy, APE shareholders will be entitled to receive payouts before AMC shareholders. Furthermore, APE units have the possibility to be converted into AMC shares. In order for this to happen, AMC’s board must propose a convertibility feature and receive shareholder approval. Chanos added:“Functionally, the two securities are the same. And I’d guess the apes will be putting pressure on Mr. Aron, if the discount continues, to make it freely convertible sooner rather than later.”Yesterday, AMC closed at $9.58 while APE closed at $7.13, representing a 34% difference to the upside. Today, APE is down more than 4%, while AMC is down 0.1%.Meanwhile, Quiver Quant’s Congress Long-Short Strategy is up 46% in the past year, compared with a 13% decline in the S&P 500. The strategy tracks trades of members of Congress and their family and takes a long position in stocks that have been bought and a short position in stocks that have been sold. The strategy carries a beta of 0.93 and a Sharpe ratio of 1.91.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":60,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}