AMC’s Four-Day Surge Slaps Short Sellers With $1.3 Billion Loss
- Movie theater has surged 120% this week to a four-year high
- Mentions on social media have soared with #AMCSTRONG trending
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The relentless four-day winning streak in AMC Entertainment Holdings Inc. is drawing even more blood from short sellers.
The movie theater’s 120% surge so far this week has dealt investors betting against it roughly $1.3 billion in losses, according to financial analytics firm S3 Partners. The stock, which has become a poster child for retail traders using Twitter and Reddit to squeeze short-sellers, soared 36% Thursday to the highest level since May 2017.