Can This Meme Stock Stage One Last Rally?
AMC(AMC) MarketBeat·2024-07-23 13:25
Investors should now be familiar with the story behind so-called “meme stocks.” These are companies considered not that great by hedge funds and savvy investors who bought into the technology sector, so they naturally carry large short interest due to the number of short sellers who take on their bearish views. What ends up happening is a management stunt to send the stock rallying and cause what’s known as a short squeeze, otherwise known as an astronomic rally.AMC Entertainment TodayAMCAMC Entertainment$5 ...