AMC shares (ticker: AMC) were up 39% to
"Just this past Monday we wrote about much of the apparent froth having been removed from the market, citing the reduction in apparent retail participation in particular," Jacobson wrote in a note on Thursday. "Since Tuesday afternoon though, we have seen a fairly consistent trend of outperformance among previous (and ongoing) retail favorites such as GME, AMC and others."
On Wednesday alone, 225,000
According to users of Reddit forums like WallStreetBets MalkamDior and AMCStock, the recent jump was barely a blip. There, posters are still waiting for the "MOASS," meaning the mother of all short squeezes. Some have speculated that bad actors are attempting to manipulate sentiment on the stocks, hoping retail investors will sell shares early. On the retail side, there are some users who favor one or the other; the Superstonk and GME subreddits are hubs for
People watching AMC see
The meeting itself was delayed from
"I'm quite optimistic about the new shareholder base of AMC," Aron said in an earnings call earlier this month. " Just go on
What happens next is anyone's guess. If AMC shareholders indeed vote to issue more stock, that would dilute existing shares and create more breathing room for short sellers. But it would also help the company raise more much- needed cash.