Tag: ape shares

APE Shares Surge +180% in The Past 5 Trading Days

December 27, 2022 /
Market News: AMC Preferred Equity (APE) rises.
Market News: AMC Preferred Equity (APE) rises.

APE shares have surged more than 180% in the past 5 trading days.

Volume has been a massive component to helping push the equity on an uptrend.

The question is why APE?

AMC shares are down -16.63% in the past 5 trading days and trading at $4.06.

The unusual occurrence began after CEO Adam Aron announced shareholders would receive the chance to vote on two new proposals.

  1. The conversation of APE equity back to AMC common shares.
  2. And approval of a 1:10 reverse stock split.

Recently, the demand for AMC’s Preferred Equity (APE) has been much higher than that of AMC Entertainment shares.

Are short sellers beginning to close out their positions in APE?

Or is this simply volume from retail?

Let’s discuss it.

APE Short Interest Today

APE’s short interest today is at 8.60%, which is still relatively high, though it’s possible it may have come down.

Yahoo Finance listed APE as the #1 most shorted stock earlier in December.

Now we’re seeing the equity surge more than 180% in the past few days based on volume.

APE shares rose 75% before the Christmas holiday with volume reaching more than 177 million, up 158 million in trading volume from its average of 19.6 million.

On Tuesday, we’re seeing big trading volume come in with more than 55 million in the first hour and a half.

AMC APE Share Price Today.
AMC APE Share Price Today | APE shares surge.

Will APE shares continue to rise?

There seems to be a discrepancy where we’re seeing AMC and APE’s charts mirror each other, but the complete opposite way.

While APE shares rise, AMC shares fall, especially when looking at the past 5-day trading charts.

AMC VS APE.
AMC VS APE | APE shares surge.

It’s hard to say whether what we’re seeing with APE is shorts closing when we look at AMC’s chart directly next to APE.

It’s almost as if value is being extracted from AMC into APE.

And according to a Nasdaq report, only 0.18% of institutions are currently holding APE shares, so where is this volume coming from?

Have you purchased APE shares in the past 5 days?

Leave a comment down below.

What do you think of these two discrepancies between AMC and APE shares?

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APE Shares Rise More Than 75%: Will They Keep Rising?

December 23, 2022 /
Market News: Will APE shares keep rising?
Market News: Will APE shares keep rising? APE Stock News + updates.

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, what happened?

And can we expect APE shares to continue rising?

Let’s discuss it.

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The Latest on APE Stock

APE stock (AMC’s Preferred Equity) has been the topic highlight since its inception earlier this summer.

AMC Entertainment was able to raise several million dollars from the equity to pay down its debt.

The price of the equity has since come down drastically as short sellers piled in forcing share prices to a low of $0.65.

APE stock price today
APE stock price today – APE stock news and updates.

And just as the possibility of the equity merging with AMC is announced, APE share surge more than 75% reaching $1.20.

CEO Adam Aron announced on Twitter today that there will be a shareholder vote to convert APE equity to AMC common shares.

He also commented on the possibility of a 1-for-10 reversal stock split for AMC stock.

It’s the biggest news in the AMC community thus far.

So, why did APE shares rise so much today?

And where did so much trading volume come from?

Retail investors are speculating insider buying triggered the massive price surge and heavy volume.

Others are alleging it’s the company’s way of injecting value back into the equity before APE re-merges with AMC common stock.

The truth is, it’s hard to say.

APE was never intended to be a valuable asset for investors, but more so a valuable asset for AMC Entertainment as a company.

Will APE Shares Keep Rising?

If insiders are injecting the equity with value before shareholders vote for the merge of APE and AMC, then it’s very possible the equity may continue to rise.

As of right now, where the immense amount of volume came from is undetermined.

What’s certain is many shareholders weren’t too happy about the creation of APE in the first place as it created unnecessary loss for shareholders.

Here are the CEO’s comments published on Twitter:

“Also, APEs worked exactly as intended to let us raise needed cash, buy back debt, explore M&A. But a huge discount in APE market price vs common stock must be addressed. We’ll hold a shareholder vote. It’s time to convert APE preferred into AMC common to eliminate that discount.”

APE shares have been massively shorted to cents, AMC stock is now trading below $5, a solution has to be addressed.

And so it has.

Adam Aron is proposing a 1-for-10 reversal stock split where shareholders will get left with 1 share of AMC for every 10 shares they hold in exchange for a higher share price.

The idea is to give shareholders the illusion of a higher share price by reducing the number of shares they hold.

The value of an individual’s portfolio would remain the same amount.

However, if an investor holds 10 shares of AMC, they will convert to 1 share.

If an investor holds 100 shares of AMC, after a 1-for-10 reverse split they will hold 10 shares.

All for the sake of making the value of AMC shares appear much higher.

With AMC currently trading around $4.50, a 1-for-10 reverse stock split would mean the stock will then trade at $45 per share.

Leave your thoughts below

I’m curious to hear your thoughts on what’s currently occurring with AMC Entertainment and its APE shares.

How do you feel about the entire situation at hand?

Leave your thoughts below for the community to see.

Related: Adam Aron Address Falling APE Shares

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Adam Aron Addresses Falling APE Shares

December 19, 2022 /
Market News: AMC CEO Adam Aron addresses falling APE shares in new press release.
Market News: AMC CEO Adam Aron addresses falling APE shares in new press release.

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 what’s happening with the share price after bold announcements of a ‘pounce’ earlier this summer.

The CEO has now spoken out on the falling APE share price in a new press release shown below.

Let’s dive right into it.

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Adam Aron on APE Share Price

APE Stock Price

In a new press release by AMC Entertainment, the CEO released the following statement:

“Even though the APE units and our common shares are economically equivalent, it is disappointing that the APE units have since inception consistently traded at a significant discount to the AMC common shares.

While the trading prices of the two securities seem to reflect distinct market and trading dynamics, the APEs are serving precisely the purpose originally intended for them.

At a time when one or more of our competitors have been facing potentially devastating liquidity challenges, by contrast during the past 90 days, AMC has been able to raise $162 million of additional cash through the sale of equity thereby improving our own liquidity position markedly.

In addition, AMC reduced debt for the third time this year, including most recently by buying back debt at a substantial 61% discount and is able to contemplate various opportunities to add theatres to our fleet including just having successfully secured for AMC the attractive former Arclight Boston.”

Adam Aron added, “Our outlook for the industry is positive as we expect the box office will be larger in 2023 than in 2022.

Our liquidity position is strong, as we continue to demonstrate our ability to raise cash, thereby strengthening our balance sheet.

We also continue to enhance our footprint by acquiring superb theatres without significant capital outlays while at the same time exiting under-performing locations.

For so many reasons, we believe the future remains bright for AMC.”

APE Continues to Serve Its Original Purpose

Despite Adam Aron’s disappointment in the share price of APE, he says the equity continues to serve its original purpose to provide liquidity to the company.

APE is down -88.67% since its inception with majority of the float being held by retail investors.

Only 0.18% of institutional investors are currently holding the equity according to a Nasdaq report.

There was tension between shareholders whether to sell or hold the security once it became available in the market due to primarily being a liquidity tool for the company rather than an investment for retail investors.

In October, AMC Entertainment released a statement warning both retail investors and short sellers of the possibility of accrued losses through either the possibility of a short squeeze, or company capitalization.

Earlier in December, Yahoo Finance listed APE as the #1 top shorted stock on their list.

Are You Holding APE Shares?

What is your current sentiment on APE?

Will APE shares recover or is too much trading happening in dark exchanges that suppress retail volume from having an impact on share prices?

Leave your thoughts in the comment section down below.

Related: Chairman Gensler Says He Understands Retail’s Frustrations

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Wall Street Has Decimated APE Stock

December 15, 2022 /
APE Stock News
Market News: Here’s the latest on AMC’s Preferred Equity, APE.

Retail investors are angry at regulators for allowing Wall Street to decimate APE stock.

While AMC’s Preferred Equity (APE) was intended for the company to capitalize on, banks, institutions, and short sellers have abused shares to the ground.

The equity was meant to provide AMC Entertainment with liquidity in order to pay down their debt.

While AMC was able to reduce their debt by $106 million due to APE, shares have been shorted from $7 all the way down to $0.81.

APE momentarily made Yahoo Finance’s Top List of Most Shorted Stock.

Shareholders questioned how shorting APE was possible in the first place, failing to recognize that APE is a tradable security just like any other stock.

Faceless influencers within the AMC community led many retail investors to believe that shorting AMC’s Preferred Equity was impossible.

And unfortunately, this perception clouded many people from creating a proper investment strategy or embracing for what was to come.

Let’s discuss it.

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Retail Investors Seek to CEO for Answers

AMC and APE shareholders all have one common goal in mind, an AMC short squeeze and an APE short squeeze.

And although many shareholders have been transformed into paying customers, others are looking at AMC CEO Adam Aron for answers.

Loyalists don’t question the CEO and will condemn you for doing so, but if shareholders are still invested in the company, they have every right to yearn for answers.

Adam Aron has successfully maneuvered AMC out of bankruptcy, primarily thanks to its shareholders of course.

He’s utilized Twitter magnificently in a way that no other CEO has ever done so before.

And you can’t help but to admire the business personality in him that can raise cash out of thin air.

Even if it’s from his most loyal followers.

But the CEO has failed to address shareholder concerns on the decimation of APE, or the distribution of APE from Citigroup, who’s been short on the company.

Addressing shareholder concerns is important, whether you agree or not.

Does It Even Matter?

Some of you care about your money, your finances, your investments, and some of you simply don’t.

To some, being part of an embracing community, being known in a community, and embracing the movie theatre industry, but more specifically AMC Entertainment, is more important than monetary gains or financial abundance at this point.

And is that even a bad thing?

You just want to be heard; you want to fight evil in the markets without a care about money.

Or maybe you’re simply in the middle.

Let us know who you are – leave your story down in the comment section below.

You can follow me on Twitter & Instagram.

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APE Shares Fall -8.91% Despite Heavy Buying Volume

December 7, 2022 /
Market News: What is happening with APE?
Market News: What is happening with APE?

APE shares fell -8.91% on Wednesday despite having heavy buying volume.

AMC’s Preferred Equity (APE) made it on Yahoo’s list as the #1 Top Most Shorted Stock on its list.

According to Fintel, APE had 5.4 million shares going to dark pools today with approximately more than 50.6 million shares having been shorted, via NYSE.

APE volume traded above average closing Wednesday’s rally around 23 million shares.

So, what is happening with APE?

Let’s discuss it.

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Massive Selloff in APE Fuels Declining Share Prices

Why is APE going down? APE stock news and updates | Franknez.com.
Why is APE going down? APE stock news and updates | Franknez.com.

Nasdaq’s latest report on APE is showing the security only has 0.18% in institutional ownership.

The stock has big demand in the market from retail investors, but overleveraged shorting has suppressed the stock’s price from rising.

But institutional ownership has also largely declined according to the latest Nasdaq report.

And with AMC Entertainment selling APE shares through Citigroup, holders of the equity keep getting hammered.

According to Nasdaq, there are only 8 new institutional positions in APE with 298 total sold out positions.

This is equivalent to 327,046 institutional shares added versus 145.5 million shares sold.

Out of 13 institutions holding APE, 4 remained unchanged.

NASDAQ Report - APE institutional ownership | Franknez.com.
NASDAQ Report – APE institutional ownership | Franknez.com.

Retail investors have very little help from institutions in driving the share price up.

Nearly all institutions who received APE through AMC have sold it.

AMC Entertainment capitalized from APE in October when it was able to claim $106 million and pay down some debt.

I think it’s fair to assume insiders won’t be buying APE anytime soon as it’s primarily a tool to capitalize from its shareholders, rather than a long-term investment.

Is An APE Short Squeeze Possible?

will APE squeeze?

Some AMC shareholders are convinced that APE’s high short interest mixed with large buying pressure will trigger an APE short squeeze or trigger major price action like we saw with AMC in June of 2021.

And hypothetically speaking, they’re not wrong.

But APE would need to get backed up by institutions with strong enough buying power to scare short sellers out of their positions.

Because despite retail’s efforts, capital is just being eaten up by dark pools, selloffs, and heavy shorting.

And unfortunately, Gary Gensler is nowhere in sight to level the playing field.

Are you holding APE?

I’m curious to hear your thoughts.

What is your sentiment around APE?

Leave a comment down below.

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Nasdaq Reports 0.18% APE Institutional Ownership

December 2, 2022 /
APE institutional ownership
Market News: Latest APE institutional ownership report.

Nasdaq’s latest report on APE is showing the security only has 0.18% in institutional ownership.

AMC’s Preferred Equity was recently listed on Yahoo Finance’s ‘Top Most Shorted Stocks List‘.

The stock has had an insane amount of demand in the market from retail investors, but overleveraged shorting has suppressed the stock’s price from rising.

APE has fallen below $1 despite above average daily trading volume.

But institutional ownership has also largely declined according to the latest Nasdaq report.

And with AMC Entertainment selling APE shares through Citigroup, holders of the equity keep getting hammered.

Here’s the latest on APE.

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New and Sold Out APE Positions

APE institutional holdings - Franknez.com.
APE institutional holdings – Franknez.com.

According to Nasdaq, there are only 8 new institutional positions in APE with 298 total sold out positions.

This is equivalent to 327,046 institutional shares added versus 145.5 million shares sold.

Out of 13 institutions holding APE, 4 remained unchanged.

APE institutional ownership
APE institutional ownership | APE institutional holdings – Source(s): Nasdaq

This means retail investors have very little help from institutions in driving the share price up.

Nearly all institutions who received APE through AMC have sold it.

AMC Entertainment capitalized from APE in October when it was able to claim $106 million and pay down some debt.

Not even insiders are buying the equity.

But AMC shareholders are convinced that APE’s high short interest mixed with large buying pressure will trigger an APE short squeeze.

Does APE Need Institutional Buyers to Squeeze?

I’d love to hear your opinion on this.

The past has shown us that both retail and institutional investors moved AMC Entertainment stock to higher highs in 2021.

Retail investors were able to successfully instill confidence in institutions as AMC’s share price began to rise.

Or is APE’s major decline simply a factor from this year’s bear market?

Leave your thoughts in the comment section down below.

You can follow me on Twitter and Instagram.

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AMC’s Preferred Equity ‘APE’ Falls Below $1

November 30, 2022 /
Market News: APE falls below $1 as short sellers suppress the stock.
Market News: APE falls below $1 as short sellers suppress the stock.

APE is now trading below $1.

Short sellers have been able to attack AMC’s Preferred Equity through the use of overleveraged shorting methods.

APE recently made #1 on Yahoo’s “Top Most Shorted Stock List“.

The equity closed at $0.98 per share and fell as low as $0.90 on Wednesday.

Majority of the market pumped during JPow’s announcement but both AMC and APE finished red on the day despite above average trading volume.

APE had an exceptional amount of buying power reaching 62.8 million, it’s average trading volume is 16.2 million.

The manipulation of APE in the market has shareholders looking at the CEO.

Citigroup’s Ties with APE and AMC Entertainment

Citigroup APE
Citigroup APE ties. AMC Entertainment news + more.

AMC Entertainment announced that it would hire Citigroup to help it sell 425 million APE shares.

This comes from the movie theatre chain’s strategy to capitalize from its shareholders to pay down debt.

Shareholders have argued in the past that the issuance of APE should have been voted for.

AMC Entertainment was able to successfully and legally claim a fraction of shareholder’s hard-earned capital in order to keep raise cash.

While there are shareholders who are willing to give their entire paycheck to the company, others weren’t too happy with the move.

Now it’s been disclosed that Citigroup has been shorting AMC Entertainment for the better part of over two years now.

Citigroup’s 13F-HR filing shows the company has been selling shares while trading put options in the derivatives market.

Meanwhile, the bank has also been downgrading AMC’s share price and promoting it in the media.

That’s right, the partner that is helping AMC sell APE shares has also been capitalizing from shorting the company.

Shareholders Look to Adam Aron for Answers

While there are shareholders that have total trust in AMC’s CEO Adam Aron, there are others who simply want answers.

Shareholders are invested in AMC Entertainment in order to capitalize from the company, but it currently seems to be the other way around.

AMC Entertainment just launched their online merchandise store, which is incredibly bullish for the company as it allows them to venture into other income streams.

This however does not prevent certain shareholders from wanting answers on APE’s dilution and massive suppression in share price.

Still, majority of shareholders seem to hold on to the CEO’s statement when he said to not confuse his silence with inaction.

But I’m curious to know what you think.

Leave your thoughts in the comment section down below.

Share this article to get your voice heard.

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