AMC shares go up 68% in a week after a new Rally on Reddit: WallStreetBets phenomenon continues to bring queue

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Javier Pastor@javipas

At the beginning of January we experienced a disturbing financial phenomenon: GameStop's actions were shooting 400% due in large part to the influence of sub-redit WallStreetBets. That community ended up triggering actions by Blackberry or the AMC movie chain as well.

It seemed that everything had calmed down, but in the last few days AMC's actions have gone back up like foam. From the $19 of just a week we have gone to $32 today, a 68% increase that is actually more pronounced in the last few hours. What happened?

If I force the Finder on a Mac how to I get it to relay?

— Nate Igor Smith Mon Jun 27 20:49:14 +0000 2011

WallStreetBets versus Wall Street, this is war.

According to Reuters, the Mudrick Capital Management venture capital fund sold 8.5 million AMC shares right after buying them. An analyst named Michael O'Rourke of the consultant Jones Trading compared what is happening with the stock market to the world of video games, and certainly the phenomenon posed the so-called economy of meme.

The truth is that this fund basically took advantage of the current situation of this "meme stocks" (shares that have become almost a meme for investors, very in line with memecoins of the cryptocurrency world). He bought them and then sold them immediately on the grounds that they were actually overrated.

En XatakaQué son los 'shorts' y por qué las comunidades organizadas de Reddit están provocando un terremoto en Wall Street

That does not seem to have affected WallStreetBets investors too much, who continue to struggle with traditional financial institutions in general and with the stock market world and Wall Street in particular. They already achieved a small success with the GameStop case and the investment funds that fled before losing more money, but the situation then ended up re-establishing.

AMC shares have in fact followed an upward trend for a month, and of around $10 a few days ago now exceed $30. It is true that AMC has regained some encouragement after a good weekend in its cinemas, which are beginning to cheer up, but much of that upward trend remains a reflection of that small investor war in front of large investment funds.

While the latter gambled to invest in short (and therefore "bet" that companies would go wrong and their stock would fall), communities like WallStreetBets try to encourage its users (and everyone) to buy shares like AMC not only to benefit economically (or that is the idea), but to cause losses that force those funds to withdraw from the market and stop manipulating it.

Compartir Las acciones de AMC suben un 68% en una semana tras un nuevo "rally" en Reddit: el fenómeno WallStreetBets sigue trayendo cola