Tag: Finance
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Melvin Capital, among other hedge funds, has taken severe losses on bad bets in AMC, GameStop and others. They are now down by almost half: Melvin Capital Management, which lost more than $6 billion in January, is now down 46% for the year through June, the fund recently told investors.…
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+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
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Short sellers in AMC Entertainment Holdings, Inc. got slaughtered yesterday: Dusaniwsky, managing director at short-selling data provider S3 Partners, told Barron’s he estimates 75.8 million AMC shares are sold short, or roughly 15% of shares available for trading. There has been some covering, as he estimates shares shorted are down…
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Didi Chuxing, or “Honk Honk Taxi”, was one of the greatest success stories of Chinese tech. Founded in 2012, it broke out just months later by providing rides during a heavy Beijing snowstorm. A regular taxi was impossible to get, but Didi came through. After that, the company was on…
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Despite losses of nearly $4 billion so far this year shorting stock in AMC Entertainment Holdings, Inc., short sellers are actually increasing their bets against the company: As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners.…
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Meme stock traders on Reddit and elsewhere love to hate Ken Griffin, CEO of Citadel LLC. The hedge fund and market maker manages over $34 billion and handles more US stock trades than anyone else. Many suspect it had a hand in Robinhood limiting buying in GameStop shares, which angered…
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+ Business+ AMC, Citadel, Finance, Gamestop, Hedge funds, Investing, Reddit, Stock Market, Stocks, Wallstreetbets+
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Short sellers had a disastrous June: Overall, U.S. short sellers are down -$44.49 billion in net of financing mark-to-market losses over the last thirty days. The #1 source of short seller losses? AMC, by a wide margin, at $2.8 billion. AMC was also the #2 stock in the entire market…
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+ Business+ AMC, Finance, Hedge funds, Investing, Meme stocks, Money, Reddit, Short sellers, Stock Market, Stocks, Stonks, Wallstreetbets+
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AMC Entertainment Holdings, Inc. just made a bold move to capture a huge new audience: The value proposition here is obvious: why pay $70 when you can pay $25? But the implications for AMC are even bigger than they may appear. UFC is growing at an incredible rate, dwarfing growth…
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+ Business+ AMC, Combat sports, Finance, Investing, Martial arts, Money, Movies, Reddit, Sports, Stock Market, Stocks, UFC, Wallstreetbets+
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There is a lot of talk lately on Twitter and Reddit about AMC’s withdrawal Tuesday of an obscure SEC form called an S-3. Form S-3 is a filing that registers securities. In this case, the securities were convertible bonds, or bonds that can convert into stock when the holder chooses.…
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For months, investors in AMC have suspected a conspiracy by hedge funds to drive down the share price via an illegal practice called naked short selling. Strong evidence of this emerged Friday with the listing of AMC on the NYSE’s Threshold Securities list. Let’s back up: what is naked short…
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On a side street at the southern tip of Manhattan, behind a long line of metal vehicle barriers, stands a tall glass building. Seventy-six stories up, a team of PhD’s tune computers to trade shares just a fraction of a second faster. This small, secretive firm accounts for at least…
Tremendous 