Move over GameStop: Discovery, AMC Networks are latest heavily shorted stocks to see huge 2021 gains

31
7
Favorite

Move over GameStop: Discovery, AMC Networks are latest heavily shorted stocks to see huge 2021 gains

cnbc2021-03-09

KEY POINTS Discovery and AMC Networks have skyrocketed in value since the start of 2021. Both companies are among the most shorted U.S. equities. Media companies that still generate consistent cash ...

Source Link

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.

Report

Comment（7）

TeenPopZ
·2021-03-09
Yup
Reply
Like
Report
Fold Replies
- TeenPopZ:
  Ok
  2021-03-09
  Reply
  Report
tothemoonnnn
·2021-03-09
Wow wow..
Reply
2
Report
Fold Replies
- RogerLew:
  [笑哭][笑哭]
  2021-03-09
  Reply
  Report
- Saitamaa:
  okayyyyy
  2021-03-09
  Reply
  Report
Bryanntan
·2021-03-09
Wow
Reply
1
Report
JojoLee
·2021-03-09
[攤手]
Reply
2
Report
Fold Replies
- JojoLee:
  [微笑]
  2021-03-10
  Reply
  Report
- TradingNewbie:
  [得意]
  2021-03-10
  Reply
  Report
- TradingNewbie:
  [财迷]
  2021-03-09
  Reply
  Report
QQ5500
·2021-03-09
F
Reply
Like
Report
AlvinYap
·2021-03-09
Gme stronk
Reply
1
Report
Fold Replies
- AlvinYap:
  Gme
  2021-03-09
  Reply
  Report
shwan
·2021-03-09
so strange
Reply
2
Report
Fold Replies
- shwan:
  so
  2021-03-09
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1199275685?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-09 10:16","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1199275685","market":"us","top_or_hot":-1,"title":"Move over GameStop: Discovery, AMC Networks are latest heavily shorted stocks to see huge 2021 gains","media":"cnbc","content":"<div>\n<p>KEY POINTS\n\nDiscovery and AMC Networks have skyrocketed in value since the start of 2021.\nBoth companies are among the most shorted U.S. equities.\nMedia companies that still generate consistent cash ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/discovery-amc-networks-heavily-shorted-huge-2021-gainers.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Move over GameStop: Discovery, AMC Networks are latest heavily shorted stocks to see huge 2021 gains</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\">\nMove over GameStop: Discovery, AMC Networks are latest heavily shorted stocks to see huge 2021 gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-09 10:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/08/discovery-amc-networks-heavily-shorted-huge-2021-gainers.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nDiscovery and AMC Networks have skyrocketed in value since the start of 2021.\nBoth companies are among the most shorted U.S. equities.\nMedia companies that still generate consistent cash ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/discovery-amc-networks-heavily-shorted-huge-2021-gainers.html\">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":"DISCB","symbol_name":"Discovery Communications","start_time":0,"source_url":"https://www.cnbc.com/2021/03/08/discovery-amc-networks-heavily-shorted-huge-2021-gainers.html","article_id":"1199275685","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/03/08/discovery-amc-networks-heavily-shorted-huge-2021-gainers.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1199275685","pubTimestamp":1615256219,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nDiscovery and AMC Networks have skyrocketed in value since the start of 2021.\nBoth compa","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DISCB":"Discovery Communications"},"translate_title":"移动游戏驿站：发现，AMC网络是最新一只被大量做空的股票，将在2021年获得巨大收益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DISCB":0.9},"content_text":"KEY POINTS\n\nDiscovery and AMC Networks have skyrocketed in value since the start of 2021.\nBoth companies are among the most shorted U.S. equities.\nMedia companies that still generate consistent cash flow from cable networks have become en vogue as investors seek value.\n\nIt’s notGameStop, butDiscoverycan thank the Reddit effect for an enormous surge in its stock price this year.\nSince launching Discovery+ on Jan. 4, Discovery shares are up a whopping 116%, closing Monday up another 4.7% at $67.25 — an all-time high. The market capitalization of the media company, which owns cable networks such as HGTV, Discovery Channel, Food Network and TLC, is now more than $28 billion. Its enterprise value is more than $41 billion.\nDiscovery is one of the 10 most-shorted companies among U.S. listed securities, according to data by research firm FactSet. Discovery’s short interest — the amount of outstanding shares that have been sold short — is more than 27%, just ahead of fellow media company AMC Networks (not to be confused withAMC Entertainment Holdings, which owns movie theaters and whose stock skyrocketed along with GameStop last month).\nDiscovery still has strong free cash flow from its cable networks, which brought in $6.9 billion in 2020 revenue and $4 billion in adjusted operating income before depreciation and amortization. It’s not a failing business, and part of its rise this year is a cyclical move from growth to value stocks, according to MoffettNathanson media analyst Michael Nathanson, who upgraded the stock and boosted its price target to $63 per share in early January.\n“This frenzy has been faster than we could have ever imagined,” said Nathanson. “We assumed a rotation into value, but still.”\nAMC Networks-- which owns cable networks AMC, WeTV, Sundance and BBC America -- has also more than doubled since the start of January, even though it doesn’t have a streaming service with the same potential growth story as Discovery+, whichhas already surpassed more than 11 million subscribers. AMC Networks’ long-term growth prospects in a streaming world are suspect at best, with minimal owned content compared to media behemoths likeNetflixand Disney.\nThat’s a sign both companies are primarily benefitting from shorts frantically covering bets to avoid being squeezed —like GameStop.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":329588591,"gmtCreate":1615258719213,"gmtModify":1704780234558,"author":{"id":"3566966810662099","authorId":"3566966810662099","name":"TeenPopZ","avatar":"https://static.tigerbbs.com/8c1bdc62c66e3417a063fc38a4171048","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Yup","listText":"Yup","text":"Yup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329588591","repostId":1199275685,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3748095,"gmtCreate":1615258727558,"gmtModify":1680779650837,"authorId":3566966810662099,"author":{"id":3566966810662099,"authorId":3566966810662099,"name":"TeenPopZ","avatar":"https://static.tigerbbs.com/8c1bdc62c66e3417a063fc38a4171048","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329588591,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":329514389,"gmtCreate":1615258155541,"gmtModify":1704780224840,"author":{"id":"3572862021491055","authorId":"3572862021491055","name":"tothemoonnnn","avatar":"https://static.tigerbbs.com/0ec04508e6b5e1798da4dc45be8babdc","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wow wow..&nbsp;","listText":"Wow wow..&nbsp;","text":"Wow wow..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/329514389","repostId":1199275685,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3748853,"gmtCreate":1615265346107,"gmtModify":1680779658052,"authorId":3565581649361282,"author":{"id":3565581649361282,"authorId":3565581649361282,"name":"RogerLew","avatar":"https://static.tigerbbs.com/39451a8c1f91c27044d0e98cc2627e63","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.10","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329514389,"type":1,"supId":3748303,"prevId":0,"content":"[笑哭][笑哭]","text":"[笑哭][笑哭]","html":"[笑哭][笑哭]"},{"id":3748303,"gmtCreate":1615260183134,"gmtModify":1680779645362,"authorId":3562121582796404,"author":{"id":3562121582796404,"authorId":3562121582796404,"name":"Saitamaa","avatar":"https://static.tigerbbs.com/4ecc18e48ef07bc512ef8ddf7acbb0ae","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.27","exceedPercentage":"93.62%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329514389,"type":1,"supId":0,"prevId":0,"content":"okayyyyy","text":"okayyyyy","html":"okayyyyy"}],"langContent":"EN"},{"id":329511964,"gmtCreate":1615257567858,"gmtModify":1704780217874,"author":{"id":"3555027301245589","authorId":"3555027301245589","name":"Bryanntan","avatar":"https://static.tigerbbs.com/4eab3eea62d1ed4348f84e3dbeb184ba","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329511964","repostId":1199275685,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":329519657,"gmtCreate":1615257451379,"gmtModify":1704780215284,"author":{"id":"3575672525273340","authorId":"3575672525273340","name":"JojoLee","avatar":"https://static.tigerbbs.com/375f4f98dcf7820b563e694fb4f5ce9e","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"[攤手]&nbsp;","listText":"[攤手]&nbsp;","text":"[攤手]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/329519657","repostId":1199275685,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3757082,"gmtCreate":1615344067646,"gmtModify":1680779782023,"authorId":3575672525273340,"author":{"id":3575672525273340,"authorId":3575672525273340,"name":"JojoLee","avatar":"https://static.tigerbbs.com/375f4f98dcf7820b563e694fb4f5ce9e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329519657,"type":1,"supId":3748790,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"},{"id":3756562,"gmtCreate":1615339923458,"gmtModify":1680779773833,"authorId":3574746761625491,"author":{"id":3574746761625491,"authorId":3574746761625491,"name":"TradingNewbie","avatar":"https://static.tigerbbs.com/d6343877b4edfb9ffddbfde9273a3a1b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329519657,"type":1,"supId":0,"prevId":0,"content":"[得意]","text":"[得意]","html":"[得意]"},{"id":3748790,"gmtCreate":1615264987809,"gmtModify":1680779651895,"authorId":3574746761625491,"author":{"id":3574746761625491,"authorId":3574746761625491,"name":"TradingNewbie","avatar":"https://static.tigerbbs.com/d6343877b4edfb9ffddbfde9273a3a1b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329519657,"type":1,"supId":0,"prevId":0,"content":"[财迷]","text":"[财迷]","html":"[财迷]"}],"langContent":"CN"},{"id":329536025,"gmtCreate":1615256806467,"gmtModify":1704780206472,"author":{"id":"3578303462090855","authorId":"3578303462090855","name":"QQ5500","avatar":"https://static.tigerbbs.com/fef4573b4a138a7720c1b1a842353aee","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329536025","repostId":1199275685,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":329538912,"gmtCreate":1615256746936,"gmtModify":1704780205823,"author":{"id":"3555253426407603","authorId":"3555253426407603","name":"AlvinYap","avatar":"https://static.tigerbbs.com/43d89d7d18e929786946c697347f3a01","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Gme stronk","listText":"Gme stronk","text":"Gme stronk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329538912","repostId":1199275685,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3747871,"gmtCreate":1615256764382,"gmtModify":1680779642963,"authorId":3555253426407603,"author":{"id":3555253426407603,"authorId":3555253426407603,"name":"AlvinYap","avatar":"https://static.tigerbbs.com/43d89d7d18e929786946c697347f3a01","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329538912,"type":1,"supId":0,"prevId":0,"content":"Gme","text":"Gme","html":"Gme"}],"langContent":"EN"},{"id":329533244,"gmtCreate":1615256642188,"gmtModify":1704780202906,"author":{"id":"3561072096203079","authorId":"3561072096203079","name":"shwan","avatar":"https://static.tigerbbs.com/fb6398d4509a4b0dab2e079bf75c0660","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"so strange","listText":"so strange","text":"so strange","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329533244","repostId":1199275685,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3747864,"gmtCreate":1615256725036,"gmtModify":1680779637857,"authorId":3561072096203079,"author":{"id":3561072096203079,"authorId":3561072096203079,"name":"shwan","avatar":"https://static.tigerbbs.com/fb6398d4509a4b0dab2e079bf75c0660","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329533244,"type":1,"supId":0,"prevId":0,"content":"so","text":"so","html":"so"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":31,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}