Why AMC Entertainment Stock Soared Again Friday
What happened
Vegas has reopened, but you don’t need to go there: Betting on AMC Entertainment Holdings(NYSE:AMC) stock should do the trick. AMC shares have now almost tripled just this week, including another 25% surge as of 10 a.m. EDT this morning.
AMC data by YCharts.
So what
As of mid-May, more than 20% of AMC shares were still held short, and traders are trying — successfully — to drive another short squeeze. A concerted effort by retail traders on Reddit’s WallStreetBets forum, and possibly…
