APE Shares Rise More Than 75%: Will They Keep Rising?
APE shares rose more than 75% on Thursday. Volume skyrocketed past 177.6 million, up 158 million in trading volume from its average of 19.6 million. Shares rose from $0.67 its previous closing day to $1.20. The equity is currently up 5% after hours. So,…
Webull Increases AMC’s Short Selling Fee Rate to 56.99%
The fee rate to short AMC stock on Webull is now 56.99%. The broker has labeled the movie theatre stock as ‘hard to borrow’. AMC’s short selling fee rate is quite high compared to much larger cap companies. For example: Tesla (TSLA),…
AMC Entertainment Cancels Cineworld Acquisition Negotiations
AMC’s CEO says talks have been halted with Cineworld lenders relating to the possibility of several acquisitions. Adam Aron says all talks AMC Entertainment had about acquiring Cineworld/Regal movie theatres are now officially off the table.…
AMC Entertainment Shares Fall to January 2021 Levels
AMC Entertainment shares have fallen below $5. The last time shares traded at this level retail investors were aiming at squeezing short sellers from their positions. Retailers who aimed to push AMC’s share price above $100 per share when it…
Adam Aron Addresses Falling APE Shares
AMC shareholders have been urging CEO Adam Aron to address APE, AMC’s Preferred Equity as shares fall below $1. APE has taken a nosedive from $7 to the current share price of $0.68. Retail investors have demanded the CEO to speak out on…
