The diamond hands are back in force as AMC dives, leaving analysts confused. A wave of short covering has pushed/pulled/maintained the price to new highs. Is this another pump and dump? Only time will tell, but one thing is for sure: the traders are excited as ever. Some are staying out of it altogether. The future of AMC remains uncertain, but one
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In the final yr, AMC elevated $418 million in new fairness and retired $548 million of credit card debt considering that developing the APE units for monetary markets. The AMC boss also took goal at retail traders in his company that criticized the proposed APEs-to-stock conversion plan. “inside the short phrase, AMC has some serious liquidity is