Tag: Reddit
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Jim Chanos, Founder and President of the Kynikos Associates hedge fund, has some harsh criticism for holders of AMC and other meme stocks: What I see on Reddit, Twitter and elsewhere is the exact opposite. The communities have a strong determination to hold and often find the position deeply personal.…
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+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Money, Personal finance, Reddit, Stock Market, Stocks, Stonks, Wallstreetbets+
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In 2021, stock in heavily shorted AMC Entertainment Holdings, Inc. has increased more than fifteen fold. Short sellers have lost billions in it and other meme stocks like GameStop, and seem to be becoming more gun shy about short selling in general. I came across an interesting research note today…
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Investors in AMC Entertainment Holdings, Inc. have long tried to draw attention to the possibility of illegal naked short selling in the company’s shares. One common sign of naked short selling is “fails to deliver,” or trades that are not closed out. So I found it interesting that AMC has…
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A major feature of the run-up in stocks like AMC has been a battle between short selling hedge funds and bullish retail investors. The small investors have often sensed they’re not being treated fairly. And when it comes to margin calls, it turns out they’re quite right. A margin call…
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As it prepares to IPO this week, Robinhood Markets, Inc. is facing several class action lawsuits from its users. Inside those lawsuits, an explosive claim: High level executives and employees of Robinhood and Citadel Securities were in contact around the time Robinhood restricted trades, according to the complaint. This lawsuit…
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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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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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