Tag: AMC
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AMC Entertainment Holdings, Inc. has blown up another prominent hedge fund to close out 2021: The New York-based hedge fund Anchorage Capital Group has shut down after more than 18 years of capital management. Anchorage Capital had 4 million put options on AMC, which accounted for 17.8% of its portfolio.…
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Today, the hottest name among meme stock investors may not be AMC Entertainment Holdings, Inc. or GameStop Corp., but an obscure Australian stock transfer company. Investors in meme stocks have been moving their shares to Computershare in massive numbers since summer. The Australian company allows investors to hold shares directly,…
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GameStop Corp. is now accepting dozens of cryptocurrencies including Bitcoin and Dogecoin, per a report from Investor Place yesterday. These cryptocurrencies can be used at any one of GameStop’s locations or online. GameStop is using the Flexa network, which supports a wide variety of cryptocurrencies. This comes shortly after AMC…
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+ AMC, Bitcoin, Blockchain, Crypto, Cryptocurrencies, Cryptocurrency, Dogecoin, Finance, Gamestop, Investing, Money, Reddit, Stock Market, Stocks, Tech, Wallstreetbets+
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Today, AMC Entertainment Holdings, Inc. is known as one of the hottest stocks in the market, beloved by meme traders. But the company’s origins are decidedly more humble. AMC was founded by Edward Durwood, a vaudeville performer. After his group disbanded, he bought a theater in Kansas City. The year…
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Major news today as Politico reports Citadel LLC CEO Kenneth Griffin may spend up to $300 million in the next Illinois selection. He is determined to unseat Democratic Governor J.B. Pritzker and push a slate of conservative candidates: A source who spoke to Playbook about [political operative] Mike Z, also…
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I came across an intriguing story today. A hedge fund was exposed in court for paying a researcher to release false reports on popular financial site Seeking Alpha. From Bloomberg: One cautionary tale emerged in court after Dallas-based Sabrepoint Capital agreed to pay a short-selling researcher a monthly retainer of $9,500 in…
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Last week, I told you about Citadel LLC winning an arbitration case to shut down parody site Citadel Air. Now Citadel Air is fighting back: A critic of the financial firm Citadel and its CEO has filed a lawsuit to stop the transfer of his domain name. The lawsuit, filed…
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I knew AMC was popular. But wow. AMC stock is the number #2 most popular search on Google News and the #7 most popular search on all of Google for 2021, the search engine reported today. That is an incredible achievement for any stock, much less a modestly sized theater…
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Hedge fund Citadel LLC is holding nearly $500 million in options on AMC Entertainment Holdings, Inc., per the fund’s latest SEC filing. Citadel’s position consists of $191 million in puts and $272 million in call options, along with a small position in common stock. This massive position has not been…
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Evidently unsatisfied with his billions, Citadel LLC CEO Ken Griffin has won an arbitration case against a parody website: Investment firm Citadel has won a cybersquatting dispute it brought against the owner of CitadelAir.com. The domain owner operates a Twitter account called Citadel Air, where he parodies the investment firm…
Tremendous 