AMC Theater, Times Square

AMC Fails to Deliver Pass 2.6 Million in New Report

I did a double-take when I saw the number.

Fails to deliver in shares of AMC Entertainment Holdings Inc. passed 2.6 million in June. The report, released today by the Securities and Exchange Commission, covers the first half of the month.

Fails to deliver hit 2,653,787 on June 3 before settling at 1,231,742 at the end of the reporting period. Fails to deliver topped 1 million numerous times.


Get the blog before anyone else…subscribe!


I’ve been writing about this topic for about a year, and I can’t recall ever seeing a figure so massive. This despite a long history of large fails to deliver in this stock.

AMC’s fails to deliver are way out of line with other stocks. Here are the numbers on the same day for several companies dramatically larger than AMC:

Amazon: 0
Microsoft: 0
Tesla: 24,983

But let’s back up a second: what is a fail to deliver? A fail to deliver occurs when a trade is made but is never finalized.

Now why might a stock like AMC have a pattern of large and persistent fails to deliver? A common reason is naked short selling.

To sell a stock short, you must borrow shares and sell them. Naked shorting is the generally illegal practice of selling short shares you never borrowed.

This is a powerful way to push down a stock’s price.

If you naked short, there’s no limit to the number of shares you can short. After all, you never had to find any to borrow!

Huge numbers of trades have failed in this stock for at least a year. Despite this, the SEC has not investigated these irregularities.

I keep coming back to this topic because I’m amazed at the inaction. Why not find out why the market in this stock is functioning so poorly?

I hope exchanges and regulators dive into this topic right away. We need orderly and fair capital markets for our country to thrive.

What do you think is causing these failed trades? Leave a comment at the bottom and let me know.

More on markets:

Hedge Fund Giant Tiger Global Losing $28 Million an Hour

$6B Hedge Fund Cut Off from Trading As Investigation Looms

Hedge Funds Could Lose Nearly Half of Assets Under Proposed SEC Rule

Get the blog before anyone else…subscribe!

If you found this post interesting, please share it on Twitter/Reddit/etc. This helps more people find the blog! 

Save Money on Stuff I Use:

Fundrise

This platform lets me diversify my real estate investments so I’m not too exposed to any one market. I’ve invested since 2018 with great returns.

More on Fundrise in this post.

If you decide to invest in Fundrise, you can use this link to get $100 in free bonus shares!

Misfits Market

I’ve used Misfits for years, and it never disappoints! Every fruit and vegetable is organic, super fresh, and packed with flavor!

I wrote a detailed review of Misfits here.

Use this link to sign up and you’ll save $15 on your first order. 

7 thoughts on “AMC Fails to Deliver Pass 2.6 Million in New Report”

  1. What do I think is causing this failed trades? Well it’s so simple it’s all the corruption that exist on Wallstreet and that the SEC has never done there job to protect retail investors. They know what’s been happening with AMC stock they just don’t care.

    Like

  2. I’m just as amazed at the inaction. It leaves a person feeling helpless which is why the APE community is so necessary. We need each other to continue fighting this fight. Everyday they sell us a share they don’t locate or that does not exist they are counterfeiting. The only way the markets and this country can remain intact is if laws are abided by and respected so until that is the case I will continue to buy and hold for fairness and transparency.

    Like

  3. Hedgies’ are Fuct! The apes hold the pot and will not sell until MOASS! HODL 🚀🚀🚀🚀🚀💥👆🏻🚀🚀😂😂😂🇺🇸🇺🇸🇺🇸 GME too👍👏👏

    Like

Leave a Reply to Raished Yahia Cancel reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s