Tag: AMC Stocktwits (Page 1 of 4)

AMC Entertainment Stock Falls -9.64% Today: What Happened?

Stock Market News: AMC Stock news and updates today.
Stock Market News: AMC Stock news and updates today.

AMC Entertainment stock fell -9.64% on Tuesday.

The movie theatre stock had a very choppy decline as it trended lower alongside the market.

GameStop fell -8.49% with APE taking a smaller hit out of the three retail favorites at a loss of -6.46%.

Just days ago, the movie theatre chain was up more than +40% on the month.

Wasn’t the market just bouncing?

Let’s discuss it.

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S&P 500 Retests $392 Levels

Why is AMC stock going down? Market trends - Franknez.com.
Why is AMC stock going down? Market trends – Franknez.com.

The SPY created a triple bottom between mid-November and today when it retested levels around $392 per share.

This means shares came down to this level and bounced 3 times now in the past month.

While the SPY tends to drag the entire market down, seeing where this index goes is going to be key.

It bounced previous levels and closed today at $393.84 signifying strong support.

SPY hit a triple bottom around $360 earlier this year on the macro trendline and hasn’t begun to come down until now.

We saw SPY touch $360 first in June, again in September, and last in October.

What we’re seeing here is the SPY trend upwards as it retests major levels of support.

What to Look Out for In the Next Days

SPY Levels | SPY Chart - Franknez.com.
SPY Levels | SPY Chart – Franknez.com.

We’re going to want to keep an eye out for another retest or continuation in the next few days.

A retest could lead to another bounce from the level a fourth time or it may break through the $392 level if a massive selloff occurs.

The SPY will pull AMC Entertainment stock and the market in general in either direction.

As of June, we’ve seen the SPY begin to slowly recover, taking the markets up with it towards the end of the year.

Will this trend continue, or will it come down again?

I’m curious to know your thoughts.

Leave a comment down below.

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Yahoo Lists AMC and GameStop in Mark Cuban’s Portfolio

Mark Cuban AMC and GameStop
Market News: Does Mark Cuban own AMC or GameStop shares?

Yahoo Finance just published 10 stocks to buy now tied to Mark Cuban’s portfolio.

AMC and GameStop are two retail favorites listed on Yahoo’s list (below).

Mark Cuban jumped on WallStreetBets to do an AMA last year after the ‘meme stock’ frenzy first occurred in late January of 2021.

“If you can afford to hold the stock, you hold. I don’t own it, but that’s what I would do.

Why? because when RH and the other online brokers open it back up to buyers, then we will see what WSB is really made of. That is when you get to make it all work.

I have no doubt that there are funds and big players that have shorted this stock again thinking they are smarter than everyone on WSB.

I know you are going to hate to hear this, but the lower it goes, the more powerful WSB can be stepping up to buy the stock again. The only question is what broker do you use. Do you stay with RH, who is going to have the same liquidity problems over and over again, or do you as a group find a broker with a far, far, far better balance sheet that won’t cut you off and then go ham on Wall Street.”

Now, although Yahoo Finance listed both AMC and GameStop tied to Mark Cuban’s stock portfolio, he said in the AMA that he does not own them.

He mentioned to CNBC later that his son did trade AMC and Blackberry.

Mark Cuban on the SEC

Mark Cuban on the SEC

Mark Cuban and Elon Musk have been two billionaires that have blatantly spoken out against the SEC.

Since its inception, the SEC has sworn to protect retail investors but has only proven to be complicit to market injustices.

An out of touch Gary Gensler has made it rather clear that keeping his job is more important than actually enforcing the law.

Here’s what Mark Cuban had to say about the SEC:

“The SEC is a mess. I wouldn’t trust them to do the right thing ever. It’s an agency built by and for lawyers to be lawyers and win cases rather than do the right thing

If the SEC gave a shit about ANYONE other than Wall Street you would be able to go there right now and read bright line guidelines about insider trading, shorting, what is a pump and dump, what are the rules for cutting off the purchase of stocks like happened with GME et al

But they won’t. They would rather litigate to regulate, which means they love to sue people in order to create new legal precedents.

All you need to know about the SEC and how badly they want to fuck the little guy is that they have the option of using JUDGES THAT WORK FOR THE SEC when they sue you rather than you have the option to have jury of your peers in front of a judge that is independent. Thats how bad the SEC is. If you want fair markets that doesn’t benefit Wall Street call your local politician and show them this.”

You can view Yahoo Finance’s list here.

Related: AMC’s Short Interest Rises to 21.64%

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AMC’s Short Interest Rises to 21.64%

AMC short interest today
Market News: AMC Short Interest Today | Franknez.com.

AMC’s short interest is rising again.

Last week the movie theatre chain’s short interest was around 17%, according to Fintel.

Now we’re seeing a sharp rise in shorting as the stock begins to move upwards again.

AMC shares are currently up +44% in the past month, with a recent high of $9.15 per share.

Shares went as low as $5.05 but the heavy demand zone around $6 levels were able to create a bounce.

Will AMC share prices continue to rise?

Let’s discuss it.

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The Markets in General Are Bouncing

The SPY has created a triple bottom around the $360 level so far and hasn’t come down since.

First in June, again in September, and last in October.

October is the month when SPY began to bounce from this major level of support.

Around the same time, AMC Entertainment stock was having a bounce from its major level of support around $6.30 per share.

Is it possible the market in general has hit the bottom?

It’s very probable, although it’s fair to mention any official talks of a recession can easily crash the market.

If we do begin to see further continuation, we might enter a short squeeze season where stocks begin to have sudden price surges from shorts closing positions.

Last year, AMC and GameStop gained mainstream attention when retail investors began to buy heavily into these two ‘meme stocks’ despite their high short interest.

Users over at Wall Street Bets identified that with enough buying pressure, they could force short sellers to rush and close their short positions in order to refrain from taking on massive losses.

This buy-back of shares would further fuel the buying pressure already being applied from retail investors; GameStop shot up over $483 per share.

In June of 2021, AMC Entertainment stock surged from $14 per share to $72 per share.

Will History Repeat Itself?

AMC Short Squeeze
Market News: Will AMC squeeze again?

AMC’s short interest was around 21%-22% before short positions began to get closed.

AMC’s current short interest is at 21.64%.

This means that with enough buying pressure, retail investors might just have the chance to recreate the events that occurred last year, possibly even bigger.

But I’m curious to hear your thoughts on AMC’s rising short interest today.

Leave your thoughts below.

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AMC Entertainment Trades +42% in The Past Month

AMC Short Squeeze 2023
Market News: Signs of an AMC short squeeze in 2023 arise.

AMC Entertainment trades higher in the past month as it breaks major support levels it created last year when the stock soared to $72 per share.

The movie theatre chain had a low of $5.05 in the past 30 days but has now begun trading above $8 levels.

AMC was halted on Wednesday after surging past $8 per share at market open and had a high of $9.15 that same day.

But it seems momentum is just getting started for the ‘meme stock’.

What we’re seeing this Friday is a trend upwards with consolidation, a high indication of bullish sentiment.

This healthy trend may suggest that market makers are preparing to make their money going long after shorting the stock since its all-time high.

And with SPY’s bounce in the market, it could feed that confirmation bias.

Will AMC undergo a massive bounce as the market in general begins to trend upwards again?

And is an AMC short squeeze in 2023 possible?

Let’s discuss it.

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The Market is Shifting

Stock Market Bounce

The S&P 500 index has seen better days this year, but the SPY hit a triple bottom around $360 so far and hasn’t come down since.

First in June, again in September, and last in October.

October is the month when SPY began to bounce from this major level of support.

Around the same time, AMC Entertainment stock was having a bounce from its major level of support around $6.30 per share.

I sent out an alert that same month informing the retail community of the buying opportunity.

AMC Entertainment is now up more than 40% since the publication of my ‘buy alert‘ on the blog and newsletter.

Take it from someone who said buy AMC at $6 per share last year before it ultimately surged to $72 per share and crippled Wall Street.

The point I’m making is the market is shifting and it’s very possible we begin to see AMC retrace to higher levels it created last year.

Of course, there are many factors that may break or make this a possibility.

The major one being retail and institutional investors both buying the stock en masse.

Which as we know, usually tends to happen during a bull market.

AMC’s Fundamentals Today will Play a HUGE Role Tomorrow

Institutions were buying AMC stock mainly during the second quarter of 2021 when retail investors sparked confidence towards the upside.

And retail investors haven’t left despite massive shorting in the market.

Based on what we’ve seen in the past, a new all-time high for AMC could very well come to fruition in the next bull market.

The reason behind this observation is that institutions and retail investors were buying AMC Entertainment stock even when the movie theater chain was on its knees.

There was still big suppression from short sellers who did not see any fundamental value in the company.

It’s for this sole reason why more institutions will likely purchase the stock during the next bull run, because AMC has significantly improved fundamentally.

AMC’s fundamentals today are going to play a huge role tomorrow.

It’s just a matter of time before retail investors get to see this play out in real-time.

Related: AMC Entertainment Launches Online Merchandise Store

Will AMC Have a Short Squeeze in 2023?

Will AMC squeeze in 2023? Franknez.com.
Will AMC squeeze in 2023? Franknez.com.

Granted that we enter a bull market in 2023, it’s very possible AMC has a short squeeze due to excessive buying pressure from both institutional and retail investors.

Fintel is currently reporting AMC’s short interest at 21.64%, which means there are plenty of open short positions that may trigger an AMC short squeeze in 2023.

When AMC’s share price skyrocketed to $72 per share, AMC’s short interest dropped from 21% to 14% due to hedge funds buying back their shares.

And with AMC’s increasing borrow fee rate, it only puts more pressure on hedge funds to begin this process.

Related: AMC’s Rising Borrow Fee Rate Spells Trouble for Short Sellers

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How Soon Will AMC Break the Next Level of Resistance?

when will AMC go up again
Stock Market News: AMC Stock news + More.

AMC stock is up +19.53% in the past month.

The movie theatre chain stock has broken resistance levels after it had bounced at $5 levels.

The $6 levels have been a strong demand zone for AMC, and recent volume has moved the stock up to $8.30.

But recent halts forced the stock to trade below $8, sending it back to $7 levels where it’s currently trading again.

How soon will AMC break the next level of resistance and move past $8 levels?

Let’s discuss what it’s going to take for the movie theatre chain to trigger massive price action again.

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Volume is Key, But It’s Come Down

when will AMC go up again?
When will AMC go up again?

It’s not uncommon for trading volume to decline during a bear market.

Investors tend to sell stock more often than buy it during these times.

AMC’s average volume has dropped from 46 million earlier this year to 29.2 million.

There have been trading days where AMC’s share price spikes due to a high-volume day.

But these high-volume trading days have now become somewhat of anomalies compared to last year’s heavy buying weeks and months from retail.

Even now as we see AMC break resistance levels above $6 and $8, we see the importance of big volume days.

The SPY is showing us that the markets are readjusting again, ready for a market bounce after a dreadful bear market.

As investor confidence increases in the market, we may begin to see AMC’s average volume begin to rise again.

Related: Shareholders Are Preparing for An AMC Short Squeeze

AMC’s Fundamentals Strike Wall Street Pessimists

when will AMC go up again?
When will AMC go up again?

Last year we saw many financial institutions were loading up on AMC Entertainment stock around the $9-$14 levels.

The difference this year is that AMC is a much better company fundamentally than it was last year.

Not only has the company cut its debt load, but it’s also beat earnings expectations every quarter since Q1 of 2021.

The century old company continues to be a retail favorite with many shareholders even turned loyal customers.

Shareholders have no doubt the community made up of millions of investors will squeeze short sellers again.

Only this time AMC will reach a new all-time high not seen yet.

Not only is the popularity of AMC increasing, but so is the popularity of investing in the stock market.

New investors getting into the stock market will be looking to capitalize on opportunities such as an AMC short squeeze.

Institutional and retail investor confidence in the market is what’s going to create big volume in the coming weeks as the market continues to bounce.

Worst Case Scenario?

when will AMC go up again?
When will AMC go up again?

My short-term view on AMC Entertainment stock is bullish.

Worst-case scenario is a bounce takes on more of a long-term approach.

Consolidation in AMC will indicate indecision, which means retail investors will need to step it up and demonstrate to institutions AMC is worth going long on.

Afterall, Wall Street can only deny AMC’s progress for so long until the narrative takes a complete 180 degrees.

But ultimately, retail investors are the key here.

Without retail investors, without the public, without the people, AMC stands no chance against Wall Street pessimists who have mainstream media to their advantage.

This is the blog of the people.

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