Tag: $APE (Page 1 of 3)

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

December 27, 2022 / Frank Nez

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.

The conversation of APE equity back to AMC common shares.
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 / Frank Nez

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.

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.

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

November 30, 2022 / Frank Nez

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 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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How High Can APE Stock Go?

October 10, 2022 / Frank Nez

AMC’s Preferred Equity (APE stock) has made it available for the company to raise cash instantaneously.

The company announced in September it would sell up to 425 million APE shares to pay down their debt.

AMC Entertainment has steadily improved fundamentally since 2021 when retail investors injected the company with liquidity to squeeze short sellers.

The movie theatre chain has acquired several new theaters, entered the crypto and NFT space, and has beat every quarter for two years in a row now.

Despite what mainstream media has portrayed, retail investors have not ditched the pursuit of squeezing Wall Street again.

The massive retail community who participated in the trading activity which caused AMC and GameStop to rise are now looking to squeeze AMC’s Preferred Equity, APE stock.

How high can APE stock go?

Let’s discuss it.

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Let’s dive right into it!

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What is APE Stock?

APE stands for ‘AMC Preferred Equity’ and is a tradable security in the stock market deriving from an AMC stock split.

Retail investors who held or purchased AMC shares before the stock split would be granted with 1 APE share for every AMC share they held.

The stock split was marketed as a dividend which confused many shareholders at first.

Some retail investors weren’t too pleased to hear AMC’s share price would be divided evenly between AMC and APE stock, but others viewed the split as an opportunity.

The main purpose of APE stock was to allow the company to capitalize from its shareholders during a time of need.

AMC Entertainment would need approval from shareholders to dilute the stock and raise cash, but not with APE.

APE would act as a pool of liquidity for the company to pull money from.

How is APE’s Value Determined?

At first, APE’s value was divided in half from the close of AMC’s trading price prior to the stock split.

Both securities’ value has been determined by market conditions since.

This means how high APE stock goes will highly depend on how much buying power the security receives from retail and institutional investors.

But the market in general has been tough for most investors.

Today’s bear market has only set lower prices for both AMC Entertainment and APE stock.

It’s fair to predict that APE’s value will see more downside before a reversal.

AMC Entertainment made a statement warning short sellers of severe losses that may occur in a ‘short squeeze’ scenario.

An APE short squeeze triggered by coordinated trading activity would result in huge gains for retail investors going long.

But the debate whether APE can squeeze in the first place or not has become a subject few within the retail community half touched topic on.

What do you think?

Leave your thoughts in the comment section below.

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