06-03-2021, 10:23 AM
AMC is a publicly traded company. They are in the movie business and are struggling for survival. Yet their stock price has gone up due to the unusual investing strategies we see today, ala like Gamestop. https://www.reuters.com/business/amc-shares-jump-another-13-reddit-rally-extends-2021-06-03/
Usually when a company warns, it is an earnings warning. But AMC has warned not to buy their own stock. Cant say I've ever heard such of a thing. AMC stock has been going up because there are a wave of investors who want to punish people who are shorting the stock, and in doing so are driving the stock higher.
Usually when a company warns, it is an earnings warning. But AMC has warned not to buy their own stock. Cant say I've ever heard such of a thing. AMC stock has been going up because there are a wave of investors who want to punish people who are shorting the stock, and in doing so are driving the stock higher.
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)
