Tag: $APE (Page 1 of 3)

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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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.

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