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 million USD.
Citigroup Inc. had a previous 13F-HR filing back in August of 2022 disclosing 215,347 shares of AMC stock valued at $2.9 million.
The bank, headquartered in New York, also has a history of taking positions in AMC derivatives in the form of stock options.
And it’s been playing put options on the world’s largest movie theatre chain while selling off shares.
Citigroup has been shorting AMC Entertainment through unethical market manipulation tactics.
But more on that below.
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Citigroup Bets Against AMC Entertainment
Citigroup currently holds call options representing 0 of underlying shares valued at $0 USD and put options representing 55,000 of underlying shares valued at $383,000 USD.
Source: Fintel.
The bank has been selling shares while playing put options in order to profit from the drops they’re triggering in the market.
This incredible advantage over retail investors has the AMC community raising awareness of the market injustices created by banks and hedge funds alike.
The leverage banks have is unlimited when compared to the buying power of retail investors.
Retail is wondering when will regulators acknowledge the hard-working American people who simply want a leveled playfield when it comes to investing their money?
Gensler has been under heavy scrutiny by retail investors as concerns over the past two years have fallen upon deaf ears.
But that’s not all.
Citigroup is also using the media to promote a $1.20 share price target for AMC Entertainment.
That’s right, as of November 7th, 2022, Citigroup has dropped AMC’s price target from $3.13 per share to $1.20 per share.
Looks like Citigroup is doing everything they can to profit from AMC by selling shares, playing puts, and promoting a declining price target using the media.
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About The Author
Shared the message among my small group of followers in the twitterverse. I’m so glad I have nothing in my wallet associated with Citigroup.
The sad reality of it is we are the Peasants and they are The Lords and Masters.
Unless we can break this there will always be a Them and Us.
It’s pretty obvious that the market is manipulated by the corrupt powers that be.The money machine go brrrr and we all left holding the bags(empty by the way).
It’s a complete joke.
What we going to do, how are we going to change this.
Is D.R.S.the way? I think it certainly y helps to expose the naked shorting but unfortunately I’m not too sure we are going to overthrow the Government,or the S.E.C. or whoever is ultimately responsible for keeping us down and in line.
I hold GME and AMC both long positions and I’ve Drs’d what I can.
What’ve.we can we do?
#BanCitigroup
You hit the nail on the head exposing corruption by hedge funds/brokerages tied into
collusion with the media. I’ve noticed yahoo rejecting many comments if expose the naked shorting/manipulation. I listed 4 recent rejections (2 from yahoo fin (BA on 18 Nov)):
“It appears another BA manipulation down on options Friday.
Sentiment appears to be turning up for Jan as 8,000 20 Jan 23
180 calls ($9.27) and 4,000 20 Jan 23 160 calls ($20.35) traded
on 16 Nov – about $16 mil on 2 bullish trades.”
“Yahoo rejected pointing out positive option buying for Jan and
option manipulation Friday today. The AG/DOJ needs to look at
media collusion with short shill manipulation.”
(2 more comments rejected by yahoo on 21 Nov under:
Court Rips into DOJ for “Fiddling Away” on Matt Gaetz Case
Jose Pagliery 21 Nov 2022 (Daily Beast):
“AG/DOJ have been too timid with very limited prosecution of Trump/GOP crime wave.
SEC Dir Gensler has failed to hold hedge funds/brokerages accountable for extensive
naked shorting/shorting (selling fake/unowned shares to manipulate prices and options).
It does raise the question if 2 parties are two heads of same coin just putting on a show for the public?”
“Yahoo now routinely rejects telling the truth about fraud, collusion, media manipulation….
The media ownership/control by just a few billionaires needs to be addressed/regulated,
so far-right corporate interests don’t lead to dictatorship in U.S. thru massive propaganda.
I’ve documented and reported stock market fraud/manipulation to SEC, Congress, AG/DOJ, but it needs more widespread complaints and exposure to try to clean up the media.”
Gensler is a corrupt malfeasant that belongs in prison. Is there a lawyer out there interested in a class action lawsuit?
#BanCitigroup