Amazon is Investing Billions in the Movie Theatre Industry
BREAKING: Amazon plans to invest more than $1 billion per year into theatrical distribution releases per Bloomberg news. Amazon.com Inc. will be investing billions of dollars to produce movies that will release in theatres, according to people familiar…
Citigroup Has Been Shorting AMC for Over a Year
Citigroup is giving AMC Entertainment a salty $1.20 price target after shorting the stock the past year. The institution has filed a 13F-HR form disclosing ownership of 158,173 shares of AMC Entertainment Holdings, Inc. The holdings are valued at $1.1…
Stocks Are Trading Sideways: Is Now Time to Buy?
Stocks are trading sideways, indicating there is indecision in the market. Despite its macro downtrend this year, the S&P 500 (SPY stock) is retesting its $400 levels after coming down significantly to $350. As the market sees some bounce,…
Billionaire Investor Carl Icahn Bets Against GameStop
Billionaire investor Carl Icahn began shorting GameStop during the height of the ‘meme stock’ frenzy around January of 2021. Carl Icahn still holds a large short position in GME stock, according to people familiar with the matter. Icahn…
AMC’s High Short Interest is A Ticking Time Bomb
AMC’s high short interest is one of the biggest confirmations AMC Entertainment stock can squeeze again. Of course, there’s the second component which will trigger it, and that’s volume. We’ve seen spikes in AMC’s share…
