Stock memes return with AMC up 126%

Charlie Taylor

Challenging traditional hedge funds and investors, retail traders are leveraging so-called 'meme shares' again. AMC rose an incredible 126% this Wednesday alone, shaking the market and sending Reddit communities into euphoria.Facing the big market players and hedge fund managers, the retail investor community has seen yet another rally in so-called 'meme shares'. The shares of AMC Entertainment (NYSE:AMC), the new darling of Reddit communities, rose more than 126% this Wednesday alone. Totaling an increase of more than 3,000% this year. The increases represent the remaining behavior of individual retail investors, who in January leveraged GameStop shares to levels unimaginable for Wall Street. Fostered by the Reddit, Discord and Twitter communities, investors abused the liquidity in the American market to bet against the market's 'big players'. In this way, causing big losses to funds that bet their chips on short shares (predicting a fall) of companies like GameStop. Currently, even with the colossal increase carried out on Wednesday, AMC is still at risk of bankruptcy due to the losses obtained during the COVID-19 pandemic. With its theaters closed across the United States, AMC had to face a brutal cut in its revenues and readjust its expenses to survive the crisis. Even with its operations coming back to life with the evolution of vaccination in the US, it is unjustifiable that this was the virtue of the gigantic increase in its shares. fair. In addition to AMC, other 'stock memes' also soared on Wednesday, BlackBerry (NYSE:BB) was up 35% and former protagonist GameStop was up about 12%.

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During GameStop's last price spike in January, brokerages that had a large influx of retail purchases in the shares, such as Robinhood, opted to ban the shares, giving in to pressure from the big names in the financial market. meme actions have caused huge losses to big investors and hedge funds. Melvin Capital, one of the managers behind the shorting at GameStop, even reported a 53% loss in January due to the spike in GameStop shares.To stay up to date, follow the QR Capital on Instagram and on Twitter.Content Stock memes return with AMC rising 126% first appear on BlockTrends – Blockchain | Investments | Economy.

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