Wall Street Firm Doubles Down on AMC Warning

Loop Capital has come out swinging against AMC Entertainment, the meme stock that has defied all odds this year. According to CNBC, Loop analysts have doubled down on their AMC warning, reiterating a “sell” rating on the stock. The reason they cited was “too many screens,” even as the movie chain is in the midst of an expansion push in which it plans to grow its footprint.

AMC investors have heard it all before, and they maintain that they are not going anywhere. The stock price was meandering between positive and negative territory before the bears gained control and

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EXCLUSIVE Some on Wall Street try options trade to bet against AMC without getting burned

Some Wall Street traders are betting against another massive rally in AMC Entertainment Holdings Inc (AMC.N) and other “meme” stocks this week through a type of wager in the options market that would limit their losses should retail investors behind the run-up prove them wrong.

A Reuters analysis of options data and interviews with market participants, including a Wall Street banker and a fund manager with $30 billion in assets, show that some institutional investors have ramped up complex options trades that let them bet the shares will fall.

The so-called “bear put spread,” a common bearish options strategy, also

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Australian shares hit another record high, Wall Street ‘meme stock’ AMC surges 96pc

Australian shares have climbed to a record high for the second day in a row — amid optimism over the nation’s economic recovery and expectations that stimulus and low interest rates will persist for years.

The ASX 200 posted a record closing high of 7,260 points, after rising 0.6 per cent, thanks to surging oil and gas stocks.


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$AMC Stock: Reddit, Twitter Day Traders Bet They Can Outsmart Wall Street Pros

One works in the hedge fund industry in New York, the other in IT recruitment in Dallas.

But in this season of meme stock mania — when fortunes can be made or lost with the next post on Reddit or Twitter or chats on Discord — the faraway worlds of Jason Mudrick and Drew Entler have collided in spectacular fashion.

And, for the moment, the IT guy may just be ahead. 

The point of contact: AMC Entertainment Holdings Inc., a darling of the Reddit day trader horde that has rallied almost 3,000 % this year. Just on Wednesday, the company’s

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Wall Street rises ahead of key economic data this week; AMC soars

The latest leg of a surge in so-called “meme stocks” stood out on Wall Street on Wednesday, with the main stock indexes rising slightly ahead of closely watched economic data this week.

The technology sector rose 0.8%, providing the biggest boost to the benchmark S&P 500, while communication services and materials eased.

A weekly unemployment report and May private payrolls data on Thursday will be followed by monthly jobs numbers on Friday.

Investors are closely tracking the labor market’s recovery after an unexpected slowdown in jobs growth in April fanned inflation worries.

The benchmark S&P 500 has recovered most of

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How Reddit meme stocks like Gamestop and AMC changed Wall Street

The GameStop frenzy in late January forced Wall Street to pay attention to retail investors like never before.

The r/WallStreetBets community piled into the video game retailer’s stock and options, triggering a short squeeze and leaving short sellers with huge losses.

In the aftermath, Wall Street and news outlets dove deep into subreddit to understand how this happened. WallStreetBets’ unique mix of self-deprecating, camaraderie and tongue-in-cheek humor captured and identified with the American public.

“In the way they define themselves, they are setting up ‘this is who we are’ and that can bring people in,” College of Charleston communication professor

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