AMC and APE shares fell on Monday despite big buy volume.
The theatre chain company was halted multiple times only minutes after the market opened.
Investors are questioning the SEC on Twitter why shares of HKD stock were allowed to run from $13 per share to more than $2.5K per share with very limited to no halts at all.
Although AMC’s new APE dividend split the value of AMC stock, Monday’s demand should have sent both stocks much higher.
Mainstream media on the other hand are blaming AMC’s fall in share price for Cineworld’s (Regal) bankruptcy claim.
Here’s what investors should know.
Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.
Let’s dive right into it!
Join the newsletter to become part of an activist group fighting for market transparency!
Receive weekly market news and articles like this to stay up to date.
There is big demand for AMC stock so why are the stocks down?
AMC stock had reached 90 million in trading volume by 12pm standard eastern time and APE more than 20 million.
AMC’s volume had nearly doubled from its average volume of 46.9 million in only three hours since market open.
Combined, AMC and APE already had more than 110 million in volume by noon.
The movie theatre chain’s shares had fallen though leaving retail investors questioning the integrity of the market, yet again.
We saw AMC’s short interest increase this morning from 17% to almost 20% meaning short sellers have begun to open new short positions against the stock.
By leveraging Cineworld’s (Regal) bankruptcy claim, Wall Street Journal and Barrons were able to create a ‘short and distort’ campaign to target AMC Entertainment.
Both these companies are influenced by Citadel’s Ken Griffin, who owns a stake in NewsCorp – the parent company of Wall Street Journal and Barrons.
Citadel has been betting against AMC stock for years now in hopes to cash in from what Wall Street perceived would be the company’s downfall during the pandemic lockdowns.
Others speculate the company could be profiting from the split.
What are your thoughts on AMC/APE?
AMC and APE had a combined volume of 269.67 million on Monday.
I’m curious to learn what your thoughts are on AMC and APE.
Are you buying and holding or looking for other profitable opportunities?
Or both?
Leave a comment down below.
You Can Follow Me On: Twitter | Facebook | LinkedIn
If the SEC is allowing AMC, APE and GameStop to be manipulated then they are allowing every single stock on the NYSE and Nasdaq to be manipulated. Think about that.
I got my APE stock today from Revolut.
Okay
I bought back my APE shares!
I’m ALL in!
AMC and APE one and the same!
Not touching either until further notice.
TOtheMoon!
I live in Sweden and got my APEs via Avanza immediately. Hope all of u get yrs soon too. I’m holding. Since there doesn’t seem to be the same manipulation on APE (correct me if I’m wrong) perhaps it would be wise to concentrate more on buying them than AMC?
What we need to do is contact our public representatives to take action on this manipulation
Absolutely.
In my opinion a lawsuit would only make this drag out even more. Time for these corrupt politicians to be held accountable. Wall Street should burn down for all I care.
For clarity. I have not sold any of my AMC stock I have since I purchased over a year ago. I know ape is AMC, but it’s first time I sold. However, I purchase stock inadvertently Friday and that’s what I sold. I’m holding my AMC and if I have to transfer to my grandchildren’s children I’m in and HODLing
150 Million shares today and AMC falls 45%? When will this bullshit end? When will this corruption end? We must somehow put tremendous pressure on the SEC to do their job. Class action lawsuit???
I received NO APE from Cash App.
That’s Jack, former Twitter CEO company.
I put in a call to get for where my APE?
I haven’t touched it.
I bought and sold ape. I sold all my APE.
Question. Is ape shorted like AMC or is it separate?
I’m Canadian and my broker hasn’t issued mine yet. Estimate up to 5 days. I asked if I have synthetics and of course they deny it. If you want to do a story on people not getting their shares I’d be happy to forward my broker (qtrades) reply to my inquiry.
I’ll say it again: Let’s get Harry Markopolos to expose the corrupt SEC and the Hedgies. If he can do it to Bernie Madoff, he can to it to them as well.
I plan on reinvesting chunk in AMC before the buy cinaworld and partner with Paramount
🦍🦍🦍
THIS IS HUGE!!!!******
Read this…..
CASH APP has not given my APE.
I have no APE from CASH APP I put in a call ticket asking where are my APE preferred stock. I have not received a peep. Can you check with others or make noise to bring this to light?
*********
Now on Robinhood……
I SOLD all my APE and increased AMC. I did not invest the entire sold APE back into AMC ticker. I cashed out some because I did buy more AMC Friday. I should NOT but had done before I found out how the split works. I knew I was going to sell but waited until today. When AMC price fell on Friday I was very upset. I feel it’s manipulated.
I did this on Robinhood.
*************************************************
I am not touch my shares in cash app. I never have.
Buying and holding both AMC and APE. I don’t understand all of these halts in these days and times. Something funny appears to be going on. At least I won’t be the one going to prison.
That’s a great point, Larry – hopefully we start seeing some of these market manipulators go soon.
Do a story on how many investors did not receive there APE stock today on various trading platforms, I received mine from Etrade but many other people commented from Canada and other various foreign countries they did not receive there’s today at all and some even got a IOU or paid in cash instead of APE so they say. I bought just to hold and see what happens nothing else, I am making money in other ways and am not in it for personal profit and didn’t buy more than I can afford lose, I just don’t like rich bullies who are controlling the stock market they have been for a long time.
I will keep an eye out on this. I know European brokers are delayed. Good looking out.
I live in Denmark and use Nordnet for stocks. Got my APEs the second the market opened yesterday. So I know they’re legit. Living in Europe shouldn’t make a difference if the brokers are doing it right.
So much shady shit going on
There is something shady definitely happening, thanks for your input Caow.
When there’s over 150 million in volume for AMC alone and the Hedgecucks only had 4,500 shares to borrow the entire day it tells me that the majority of our buys went to the fraud pool! Sometimes as an individual investor like myself you don’t feel there’s any justice and the slimy Ken Griffin can do what he wants because he probably has most of his roadblocks paid off including Gary Gensler and the CORRUPT DOJ! There’s always promises promises but that’s all they are! 150 million shares today and we tanked most of the day! Until we clean house with a new administration which should ask for the resignations of everyone from the DOJ and FBI, nothing will ever change and AMC investors will have to fight for every 25 cents we make!
Maybe if the corruption from our politicians and all the 3 letter agencies who are supposed to protect the American people stop sticking there hands out for money to look the other way they and do there God dam job and stop letting these people who contribute absolutely nothing to society to ruin the country and its stock market. WHEN IS ENOUGH ENOUGH. GOD it’s sickening.
I think the big boys rig this market , making it very difficult for the retail investor.
Until the SEC quits feeding the Hedge Hogs, the retail community will NEVER get what is due them. Call in ALL the Shorts! Then let’s see who is what??! Until the APES decide to band together and either flood the powers that be with emails, phone calls & social media with demands,,, these corrupt entities will continue prospering, just like they did during the 80’s housing crisis!
Great point. Thanks for sharing, Pricilla.
Bottom line is we live in a time where Retail Investors gets screwed 99.% of the time.
This has to change.
Buying & holding
🦍🦍🦍
Let’s start a discussion! Leave your thoughts below.