Hedge Fund Melvin Capital Is Shutting Down End of June
Hedge fund Melvin Capital, notoriously known by the retail community for betting against GameStop is now closing its doors. 2022 marks the second year in a row the short seller underperforms. Melvin Capital lost a staggering 20.6% the first quarter this…
Executive Order 14032 Could Be a Big Deal for AMC Stock
Biden’s executive order 14032 replaced Trump’s executive order 13959 last year. Executive order 13959 prohibited financial institutions to use Chinese securities as collateral, momentarily. This propped up margin calls because of the large…
AMC Falls After Trading Halt: Was This Illegal?
AMC falls more than 8% the day after market makers halted trading, though the SEC has the power to halt trading as well. The theatre chain stock had risen to more than $34 per share shortly after the market opened. But a trading halt seized retail…
AMC and GME Stock Get Halted During Trading Surge
AMC and GameStop were halted shortly after the market opened this morning. AMC stock reached a high of $34.09 and GameStop reached a high $199.24 before plunging. The halts seized the ‘meme stocks’ from soaring, momentarily freezing momentum.…
GME Shorts Face Nearly $500 Million in Losses from Surge
GME shorts are suffering approximately $500 million in losses from GameStop’s price surge today. GameStop soared to $123.14 per share, up almost 31% from its previous close of $94.20. And GME shorts are facing the wrath of retail investors yet…
