Category: Business
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It’s no secret that AMC is going vertical lately: But this and other meme stocks may be even hotter than they appear based on prices in public markets like the New York Stock Exchange. The reason is a quirk in how retail orders are handled: The prices of so-called meme…
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Several hedge funds that lost a fortune shorting GameStop in January have sustained further losses betting against meme stocks like AMC: Melvin Capital and Light Street Capital, two US hedge funds hard hit by the January rally in stocks popular with retail investors, suffered further losses in May. Hedge fund…
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Despite losses of over $1 billion last month, short sellers remain attracted to AMC like moths to a flame: Investors shorting “meme stock” AMC Entertainment Holdings (AMC.N) are estimated to have lost about $512 million on Monday after a rally that sent the cinema operator’s shares up more than 15%,…
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+ Business+ AMC, AMCARMY, Finance, Investing, Money, Reddit, Short sellers, Stock Market, Stocks, Wallstreetbets+
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On glamorous Madison Avenue in midtown Manhattan, as most people were heading home for the day, the top executives of a powerful hedge fund filed into a conference room. The fate of this multibillion dollar institution could be at stake. This is Mudrick Capital Mangement, L.P. With offices in New…
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+ Business+ AMC, Finance, Hedge funds, Investing, Money, Reddit, Robinhood, Stock Market, Stocks, Wallstreetbets+
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March 25, 2020: COVID is sweeping the globe, causing shutdowns worldwide. One casualty: all 1,000 theaters of 100 year old AMC Entertainment Holdings, Inc. Like many businesses, its ability to remain solvent was in serious doubt. Under these cirumstances, a lot of CEOs arrange a golden parachute for themselves and…
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+ Business+ AMC, Finance, Investing, Meme stocks, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
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Shares of Wendy’s exploded today as Reddit’s merry band of traders piled in: Beloved burger and Frosty chain Wendy’s (WEN) has won the honor of being the first fast-food stock to get roped into the red-hot meme stock trade. Shares of Wendy’s spiked 16% in early afternoon trading on Tuesday…
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In the shadow of New York City, I walked down a quiet street beneath an overpass. I came across a squat brick building with no windows. On the door, a small sign was the only indication of what’s inside: Hudson Space Systems. Founded by graduates of the Stevens Institute of…
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+ Angel Investing, Angel Investor, Hoboken, New Jersey, NJ, R&D, Rockets, Space, Startups, Tech, VC, Venture Capital+
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Austin, already a significant tech center, is the biggest beneficiary of tech workers being able to live anywhere and work remotely: Austin is the top beneficiary of tech-related migration in the past 12 months, according to data from Microsoft Corp.’s LinkedIn profiles. Nashville and Charlotte also saw noteworthy migration rates.…
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AMC stock has doubled in just ten days, extending a 13-fold rally this year: Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied more than 116% since Monday, according to data from S3 Partners. AMC was the…
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+ Business+ AMC, Financial markets, Hedge funds, Meme stocks, Money, Personal finance, Reddit, Short sellers, Short squeeze, Stock Market, Stocks+
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Tremendous 