AMC Entertainment stock now closes the week up +10% after hitting new record lows — shares continue to fight for the $4 range. Despite the stock being on a significant downturn this year, market signal are pointing towards a possible reversal. If price is able to bounce from the $4.30 range, then the stock has a strong probability of continuing its short-term uptrend. A break below this range may result in AMC Entertainment stock retesting support at $4.21. Conversely, a break above $4.40 will test buyers’ strength in the $4.50 range. Market News Today – AMC Entertainment Stock Now Closes The ..read more

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South Korea now speaks on the impact of illegal short selling after the illicit practice accounted for 20% of daily transactions. Financial watchdogs have vowed to continue rooting out the malpractice in the markets. “The FSS found that the violation rate exceeded 20% in some cases, which suggests that illegal transactions have a big impact on a certain stock,” the financial regulator said in a statement late Tuesday. “It’s necessary to consider the impact of illegal short sales on an individual stock as such trades hinder fair pricing and increase short-term volatility,” it said. Bloomberg re ..read more

SEC Chair Gary Gensler now takes an unexpected stance against hedge funds in his latest interview with CNBC. The Chairman, who’s been heavily criticized by retail investors for failing to create real change in the market, is making it clear on just how important short selling transparency truly is. For years now, the hedge fund industry has been fighting against the SEC’s new rules which would require more disclosure of short sale transactions, Citadel Securities included. The SEC approved new rules in October related to short selling. The first rule required certain fund managers to report th ..read more

AMC Entertainment CEO Adam Aron has now been identified as a terrible extortion bid victim that took place last year. The CEO released a public statement on Thursday of a ‘vigorous federal criminal investigation’, which resulted in the extortionist being arrested, convicted of a felony, and spending nearly a year in jail. Sakoya Blackwood, 35, was charged in a Manhattan federal court indictment with trying to extort AMC CEO Adam Aron out of up to $300,000 to keep her quiet about his sexual escapades, and about a false claim she threatened to make about him having sex with a ..read more

CoinCodex is now predicting AMC Entertainment (NYSE:AMC) to soar by a whopping +500% by 2024. Shares of the movie theatre company are currently up more than +37% in the past month. “AMC Entertainment Holdings, Inc. (AMC) showcased robust market performance in the last week – the AMC stock gained roughly +25%, extending its monthly gains above 37%. The notably positive price activity came at a turbulent time for stocks and broader financial markets. The reason behind AMC’s stock price rally could be that its financials are beating experts’ expectations, making investors more confident in t ..read more

AMC Entertainment (NYSE:AMC) retail investors now own 91.2% of the company according to the latest data provided. Institutions currently own 8.46% of the company, while private corporations, insiders, and state owned shares fall below 1% of the company’s float. In terms of short interest, it’s come down significantly. Is the short thesis finally over? AMC Retail Investor Ownership. Recently, AMC Entertainment has tapped into a market with big profit as it continues to close deals with artists to distribute film concerts globally. In early 2022, we saw Chance The Rapper partner up with AMC Ente ..read more

AMC Entertainment (NYSE:AMC) has now tapped into a market with big profit as it continues to close deals with artists to distribute film concerts globally. In early 2022, we saw Chance The Rapper partner up with AMC Entertainment when they released “Magnificent Coloring World”, a dive into the artist’s tour. Taylor Swifts 2023 New Eras Tour broke record at AMC Entertainment in September when it pulled more than $26 million in pre-sale tickets alone. The movie theater company announced that Swift’s film beat the record previously held by “Spider-Man: No Way Home,” which held the previous one-da ..read more

Market News Today – Will AMC Stock Now Surge As Writers Strike Ends? Will AMC stock now surge as the writers strike finally comes to an end? Writers and producers are near an agreement to end the Writers Guild of America strike after meeting face-to-face on Wednesday, reports CNBC. “The two sides met and hope to finalize a deal Thursday, the sources said. While optimistic, the people noted, however, that if a deal is not reached the strike could last through the end of the year. On Wednesday evening, the WGA and the Alliance of Motion Picture and Television Producers released a joint statement ..read more

Market News Today – New Report: Short Interest Is Much Higher on Most Stocks. For years now retail investors have stated that short interest is much higher on most stocks than is being reported. I’ve been sharing AMC’s, GME’s, and other ticker’s short interest daily for years now. But something interesting happened post AMC’s approved proposals, short interest plunged heavily without any signs of shorts closing their positions. And AMC is not the only retail favorite that has seen a significant drop. AMC short interest is currently sitting at 11.54%, at least according to the latest Ortex data ..read more