The company capitalized on APE to cut some debt off the top before taking on new debt due in five years from now.
AMC has replaced $506 million due in 2023 with $400 million of new debt due in 2027.
The updated balance sheet is going to ensure the movie theatre chain company is able to grow while it slowly pays off its debt.
AMC Entertainment has reported positive earnings reports since 2021 when shareholders rescued the company from bankruptcy.
Today, it’s about maintaining that momentum to ensure the short thesis eventually changes.
Will APE Shares Go Up?
APE Stock Price Today – Yahoo Finance.
AMC’s Preferred Equity (APE) is up 50% this year-to-date.
The equity saw massive buying volume in the beginning of the new year which led to a great head start this year.
This type of buying pressure will continue to drive APE shares up in the future, that is unless majority of shareholders decide not to convert the equity into common shares of AMC stock.
Today, APE is trading around $1.80 and is up +2% in the past five trading days.
While there are still short sellers betting against the equity, AMC Entertainment has warned both retail investors of possible and significant losses due to volatility and the possibility of a short squeeze.
Are you holding shares of AMC’s Preferred Equity (APE)?
Leave your thoughts in the comment section of the blog below.
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The forecast is ambitious without a doubt, but the company shows great signs of scalable growth both in the near- and long-term future.
Mullen Automotive recently partnered with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.
The company is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.
In early December, the company also announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.
Mullen Automotive is expected to grow substantially in 2023.
Investors Remain Bullish on MULN Stocktwits Forum
Retail investors on the MULN Stocktwits forum and other social media platforms are preparing to collect massive gains as technicals align with upcoming bullish momentum.
The stock closed at $0.33 on Wednesday (1/11) after surging +4.35% from its previous trading day.
Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 but has increased its market cap to $524.9 million in only the second trading day of 2023.
If the company’s market cap continues to grow this rapidly then retail investors will begin to see exponential growth in their investment.
Call options in MULN stock have also overwhelmingly taken over the number of put options contracts.
MULN Stock Call Options – MULN Stocktwits Forum – Franknez.com.
On Wednesday there were a total of 59.91K call options versus 1.85K put options.
Significantly more investors are betting on MULN shares to rise than they’re betting on the stock to decline.
But that’s not all, the market sentiment only gets stronger for bulls going long on Mullen Automotive.
Financial institutions have also begun to bulk up on their long positions.
Let’s take a look at a few names you might be familiar with.
Which Financial Institutions Are Buying MULN Stock?
Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.
Best of all, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.
In December alone, 18 financial institutions purchased shares of Mullen Automotive.
MULN stock institutional buyers | Who is buying MULN stock?
Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.
Similarly, we saw financial institutions beginning to go long on AMC Entertainment stock in 2021 before it shot up more than +3,000%.
Although the company stock was still being shorted, the massive buying pressure from both retail investors and institutions was powerful enough to drive shares sky high.
Are you holding shares of Mullen Automotive?
MULN stock prediction, news, updates, + more on Franknez.com.
Share your thoughts below.
Have you been a longtime shareholder, or have you recently come across this stock ticker?
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Stock Market News: What’s happening with MULN stock? Will MULN shares keep rising?
Mullen Automotive (NASDAQ:MULN) stock shares rose +2.27% on Monday after a turbulent past few days last week.
The automotive stock surged to $0.44 before in January before retesting $0.28 and closing at $0.30 the start of the new week.
Retail investors have been buying the stock after analysts gave MULN stock a price target of $24.15.
The current analyst consensus is a strong buy, but shares fell after Mullen Automotive submitted its Form 10-K on Friday the 13th, revealing a number of risk factors.
Will Mullen Automotive stock recover?
Here’s what’s happening with MULN stock right now.
MULN Call Options Continue to Dominate Put Options
Even as MULN shares make gains and slide in January, we see that MULN call options continue to dominate the number of put options in the market.
On Monday, there were 96.41K calls total and 1.64K puts total.
This demonstrates there are more bullish investors than there are bearish investors.
Market News: At least 30% of GameStop shareholders have registered their shares.
GameStop says at least 30% of its shareholders have registered their shares with the Direct Registration System (DRS).
According to the filing, approximately 30% of GME’s float is registered equating, to 71.3 million shares.
The efforts from retail investors come as a means to prevent manipulative short seller attacks.
GME stock is trading at $21.66 on Monday with trading volume surpassing the company’s average volume of 5.1 million.
Shares of GameStop (NYSE:GME) are up +26% this year-to-date, a great start to the new year.
On Monday, GameStop shares have risen more than 11% intraday where shares rose to nearly $22.50.
GME’s short interest is currently sitting at 23.55% with approximately 95 million shares out on loan.
This means that despite DRS, the game retailer continues to be heavily shorted.
GameStop Ownership Structure
How much of GameStop’s float is owned by retail investors?
Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.
GameStop Ownership Structure – Franknez.com.
This means nearly 40% of retail investors have not registered their GameStop shares through DRS.
Yet it’s very possible the percentage of GameStop shareholders who have registered their shares has grown in the past months.
GameStop’s Chair Ryan Cohen himself owns more than 12% of GME shares.
These are held through Ryan’s holding company RC Ventures, which Vickers considers to be Institutional ownership (12% on graph).
Is DRS working out for GameStop shareholders?
It very well could be, considering GME shares are up nearly +26% this year despite having a high short interest rate.
AMC Entertainment (NYSE:AMC) stock on the other hand is up +44% this year despite DRS being significantly less popular within shareholders.
The movie theatre stock is also heavily shorted at 21.96%.
And according to AMC’s CEO, roughly 90% of shareholders own the float.
Where is GameStop headed in 2023?
30% of GameStop Shareholders have registered their shares according to GameStop.
GME stock has the potential to have a big year in 2023.
GameStop continues to be a popular company amongst retail investors, primarily due to the massive community of shareholders who are looking to squeeze short sellers again.
During the spark of the ‘meme stock’ frenzy, GameStop shares rose to $483 per share, a superior all-time high.
But shareholders are not convinced the stock is done running.
2023 opens up new possibilities for GameStop as e-commerce, NFTs, and Web 3.0 gaming continues to grow.
While the company may benefit from arming itself with more short-term capital, GameStop enters the new year with positive cash flow, an incredible start for the company as many continue to struggle.
BIOR stock is up more than +71% this year-to-date but surged as much as +182% during the first trading week of January.
Formerly known as ‘Progenity’ (PROG), Biora Therapeutics stock is currently trading at $4.12.
The company may be heavily shorted, but there’s big opportunity for retail investors if the company’s clinical trials go well.
And so far, the company seems to be on track.
A big announcement such as the approval of their therapeutics program could trigger short sellers to run for the hills, initiating a short squeeze in Biora Therapeutics.
Will BIOR stock go up to its hundreds of dollars per share IPO levels again?
Here’s the latest BIOR stock news.
BIOR Stock News Today
BIOR Stock Short Interest + news today.
Biora Therapeutics is on track to move into clinic with its lead targeted therapeutics program.
For Biora’s Targeted Therapeutics Platform, which is focused on treatment of ulcerative colitis (UC), the company remains on track for an IND filing for its PGN-600 program followed by clinical trial initiation.
During Q4 2022, Biora continued its engagement with the FDA with a pre-IND supplemental Type C filing requesting agency feedback on its proposed PGN-600 clinical development plans, including the company’s proposed approach to toxicity studies and other aspects of its clinical plan.
“The recent Type C response from the FDA further strengthens our confidence in our plans to enter the clinic during the first half of 2023 with IND filing followed by trial initiation in Q2, and data readouts anticipated in Q3,” said Adi Mohanty, Chief Executive Officer of Biora Therapeutics.
For Biora’s Systemic Therapeutics program, the company has been transitioning from early concept to a clinical-ready device.
With several of the key device upgrades implemented, the company expects to report data from preclinical studies on its next-generation device during Q1 and Q2 of 2023.
If clinical trials prove to be a success, Biora Therapeutics’ platform will be approved for use.
Will AMC stock go up this week? Market news + updates.
AMC Entertainment (NYSE:AMC) stock is currently trading around $5.64 per share.
The movie theatre stock had fallen below $4 just weeks ago but has risen above main support levels again.
AMC stock is up approximately 2% on Monday morning despite low trading volume.
We’re also seeing short interest in AMC Entertainment stock dropped from 22.10% to 21.96%.
Could this explain why we’re seeing small gains early this week with very low volume?
And will AMC stock continue to go up this week?
Let’s dive into some quick technical analysis that will allow us to identify where the stock may go short-term.
AMC Technical Analysis Today
Technical Analysis – $AMC stock.
AMC Entertainment stock is currently consolidating around $5.64 per share.
A break above this level may send AMC to retest $5.82 per share during any day this week.
Beyond the $5.80 level is $6.16.
However, if AMC fails to break above the consolidating level of $5.64, we can expect to see AMC stock drop and retest its major support level of $5.55.
Short sellers closing small positions or heavy buying volume from retail investors will carry the momentum towards the upside.
The weekly MACD shows us buyers are in control and indicators show no signs of slowing buyers or big sellers stepping in.
Rejection at $5.80 could mean more consolidation for AMC.
But as we’ve seen in the market time and time again, any whale may step in to either buy or sell the stock, contradicting what chart patterns are signaling.
Bookmark this page if you’d like to see weekly updates like this.
Will AMC squeeze again? In 2021, the movie theatre chain stock skyrocketed from $2.50 early that year to $72 per share in the summer.
Many retail investors held the stock even as the CEO cashed in more than $40 million.
The stock dropped more than -84% in 2022 leaving majority of holders with significant unrealized losses, and very few still in profit.
AMC Shareholders have continued to raise awareness of market injustices surrounding dark pools, naked shorting, and off exchange trading.
Since the events of the ‘meme stock’ frenzy in 2021, ‘We The Investors‘ has reached a historic milestone, representing the retail community in direct engagement with SEC Chairman, Gary Gensler.
Today, Ortex is reporting AMC’s short interest at a high of 22.10%.
This is nearly the short interest AMC had before the stock shot up from $14 to $72 per share.
The high short interest is a strong indicator AMC has the potential to squeeze again.
The question is, will AMC stock squeeze in 2023?
First, let’s dive into what triggered the event in 2021 to better understand whether today’s market conditions are in retail’s favor.
In short, it was a high short interest percent and massive buying pressure.
#1. High Short Interest Percent
The short interest in a stock is the percentage of the float that is essentially being shorted.
When you have a lot of short sellers betting on the downside of a company’s stock, there’s a probability to squeeze them out of their positions if the price shoots up quickly.
Short sellers may see significant (unrealized) losses momentarily and choose to either close their positions for a loss or keep accumulating short positions if they think shares will come back down.
What happened with AMC is that when the stock first shot up from $2.50 to $20 per share, short sellers began to take big positions.
Therefore, we saw the short interest increase.
But once AMC’s share price began to rise to $9 per share, then $14 per share, and eventually break that resistance, short sellers began to close their positions to refrain from accruing larger losses.
This is when we slowly began to see AMC’s short interest decrease from 22% to 14%.
As AMC began to come down from its all-time high in June, AMC’s short interest began to rise again, signifying short sellers were getting back in.
Today, AMC’s short interest is at 22.10% according to both Fintel and Ortex.
This is big.
#2. Massive Buying Pressure
Massive buying pressure is what triggered AMC shares to rise.
See, this wasn’t just a one-time spike, but rather days of nonstop bullish momentum.
AMC Entertainment stock was experiencing extremely high intraday volume of 700 million and 900 million prior to hitting its all-time high.
Previous months still consisted of several hundreds of millions in trading volume.
Discords were flooded with anxious and excited investors as they saw shares rise over and over again.
The battle of $8.01 was known as a victorious day for retail investors who were buying the dip every time the market would bring the price down.
Days such as the battle of $8.01 influenced what was to come next.
Absolute Armageddon for hedge funds betting against AMC Entertainment and an emerging retail community Wall Street never saw coming.
Market News: Conflicts of interest arise – #CitadelScandal
David Inggs is Global Head of Operations at Citadel and is responsible for all products across asset servicing, billing, cash management, clearing, and has a board seat at the DTCC.
The conflict of interest has raised big concerns amongst the retail investor community online as Citadel has been a leading and one of the biggest short sellers in the stock market.
On January 28th, 2021, The DTCC waived $9.7 billion of collateral deposit, limiting institutional losses and limiting retail profits during the ‘meme stock’ frenzy.
The organization allowed several naked shares to flood the market prior to the massive jump in share prices only to help financial institutions in the end.
Citadel and Melvin Capital who shut down last year, lost billions during the event.
Melvin was crippled throughout 2022 from its severe losses in GameStop the year prior.
Had the DTCC not stepped in, the hedge fund would have closed that same year.
“Anyone shorting AMC or GameStop is out of their mind. Wallstreetbets is too powerful, and trying to bet against them right now is just giving them more ammo”, said Jim Cramer.
Since the halt of ‘meme stocks’, the retail community has been uncovering a variety of conflicts of interest too big to ignore.
Who is David Inggs?
David Inggs is Global Head of Operations at Citadel and is responsible for all products across asset servicing, billing, cash management, clearing, Collateral Management, Reconciliation & Control and Settlements and is on the Board of Directors at the DTCC.
Prior to joining Citadel, David served as Chief Operations Officer of E*TRADE where he led operations globally across Trade Execution, Global Clearing, Middle Office and Shared Services, among other functions.
David spent most of his career at Goldman Sachs, where he was a Managing Director and held numerous leadership positions over the course of a decade, including Global Head of Clearing Operations and Head of Credit Default Swaps and Equity Derivative Operations.
David also worked at Morgan Stanley, where he served as an Executive Director and Head of Global Bank Loans, in addition to work in credit derivatives and collateral management.
The Global Head of Operations at Citadel has worked for every major criminal financial institution that has been too big to face serious consequences from fraud or market manipulation in the past.
Retail investors say this is market injustice and regulators are part of the problem.
Who is the DTCC?
The DTCC (Depositary Trust and Clearing Corporation) is an American post-trade financial services company providing clearing and settlement services to the financial markets.
The DTCC processes trillions of dollars of securities on a daily basis.
As the centralized clearinghouse for various exchanges and equity platforms, the DTCC settles transactions between buyers and sellers of securities.
The information is recorded by its subsidiary, the NSCC.
After the NSCC has processed and recorded a trade, they provide a report to the brokers and financial professionals involved.
This report includes their net securities positions after the trade and the money that is due to be settled between the two parties.
Clearing corporations such as the DTCC may receive cash from a buyer and securities or futures contracts from a seller.
The clearing corporation then manages the exchange and collects a fee for this service.
The size of the fee is dependent on the size of the transaction, the level of service required, and the type of security being traded.
Investors who make several transactions in a day can generate significant fees.
This means every naked share that has been created on the ‘short side’ has been recorded and bypassed by the DTCC/NSCC, all for a fee.
A press released was published advising of the circumstances that occurred during the time ‘meme stocks’ were halted.
The DTCC waived $9.7 billion of collateral deposit requirement on January 28th, 2021, limiting institutional losses and limiting retail profits.
While AMC Entertainment stock was able to surge months after the January event, GameStop shareholders were strongly affected by the halts.
Retail investors say they feel cheated from regulators who failed to let the short squeeze play out in their favor.
Conflicts of interest such as David Inggs’ involvement with Citadel and the DTCC could be seen as a detriment to market integrity.
In an interview with ‘We The Investors’, SEC Chairman Gary Gensler said one proposal they’re looking at this year involves tackling conflicts of interest in the financial markets.
Citadel processes more than 40% of retail’s orders through PFOF (payment for order flow), and with a bias towards short selling, gives the hedge fund an incredible advantage over the common investor.
Should the involvement between both Citadel and the DTCC be considered a crime?
Or is this just a coincidence?
Leave your thoughts below.
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The Fed launches an investigation into Goldman Sachs | Goldman Sachs under investigation.
The U.S. Federal Reserve is probing whether Goldman Sachs Group Inc’s consumer business had appropriate safeguards in place as the bank ramped up lending, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Shares of the investment bank were down nearly 3% at $341.08 in afternoon trade.
The central bank is concerned the Wall Street giant did not have proper monitoring and control systems inside Marcus, its consumer unit, as it grew larger, the report said.
The probe, which grew out of a standard Fed review of the business in 2021 and intensified into an investigation last year, is also examining instances of customer harm and whether they were properly resolved, the report added.
“The Federal Reserve is our primary federal bank regulator and we do not comment on the accuracy or inaccuracy of matters relating to discussions with them,” a Goldman spokesperson told Reuters.
Bloomberg News reported in September that the bank’s Marcus unit was facing a Fed review.
The probe would add to troubles for Goldman, which is executing a strategic pivot that includes refocusing on its core trading and investment banking business after losing money in its consumer banking venture.
“Another investigation into the consumer business makes Goldman’s foray into consumer look even worse, and can reduce management credibility, particularly given so many statements about GS’ ability to manage risk and build best-in-class platforms,” said Mike Mayo, banking analyst at Wells Fargo, in a note.
“The investigation, along with poor disclosure and other regulatory investigations, will increase the risk associated with owning GS and its cost of capital.”
Stock Market 2023: Top stocks outperforming the SPY.
AMC Entertainment (NYSE:AMC) stock continues to be one of the biggest ‘meme stocks’ even after its massive debut in 2021 when shares rose from $2.50 to $72 later that year.
The stock, at the publication of this article, is trading at $5.52, the same share price it was two years ago before gaining serious traction.
AMC Entertainment continues to improve its fundamentals and remains the #1 leader in the movie theatre industry.
While online streaming has grown to become quite popular, especially during the pandemic, experts are beginning to weigh in on AMC’s side in 2023.
CNBC stated, “Netflix has backtracked on its previous policies, including by introducing an ad-supported subscription option, leading many to wonder whether the company should rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue.“
Even Amazon associates who asked not to be identified, per Bloomberg News, are stating the company plans to invest $1 billion per year in the movie theatre industry.
The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.
“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic”, said CNBC.
Peloton Interactive, Inc. (NASDAQ:PTON) is an American exercise equipment and media company based in New York City.
The company’s products are stationary bicycles, treadmills, indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service.
Company shares are up +28.75% year-to-date.
Peloton recently brought Leslie Berland, Twitter’s former marketing head, as its next chief marketing officer, per Bloomberg news reports.
She previously helped lead American Express for 10 years.
Peloton is trying to shift the tides after a rough 2022, when its stock dropped more than 75%.
The company in November posted wider losses than analysts expected for its first fiscal quarter.
Berland said in an announcement that she is “thrilled” to join the company at this “unique moment in its transformation journey.”
Stock Market 2023: Top stocks outperforming the SPY.
Tesla Inc. (NASDAQ:TSLA) had one of its worst years yet in 2022.
However, the company stock is outperforming the market today already gaining +17.64% in gains this year-to-date.
Tesla CEO Elon Musk sold 22 million shares of the company last year cashing in approximately $3.6 billion earlier in December according to this SEC filing.
After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.
Musk said he sees a ‘serious’ recession in 2023 and is preparing for a worst-case scenario.
And although experts are saying a recession is likely to strike the U.S. economy during the first quarter of 2023, the company stock seems to be performing quite well today.
Shares of Hycroft Mining (NASDAQ:HYMC) rose 25% earlier this year when the company announced it had discovered more gold and silver than it had anticipated.
Majority of the company is owned by AMC Entertainment.
![Will AMC Stock Squeeze This Year? [Short Interest Data]](https://i0.wp.com/franknez.com/wp-content/uploads/2022/01/Will-AMC-Squeeze-in-2022.jpg?resize=40%2C40&ssl=1){kind=small}
What about the argument that these billion dollar hedge funds can keep paying out forever?