AMC all time high
$AMC Entertainment(AMC.US$ what happened around the time of june 2021 that caused amc to soar to 350?
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71705615 : My son just asked me that question, not even a week ago. I wonder what did happen...
ErickOnTheHudson : so this was before the reverse split, before the reverse split it went all the way up to 82 i think, when the reverse split happened the changed all the charts history so now it says 350ish. I think a few years there was AMC and eight they converted ape 10 shares to one AMC share. If I remember correctly, this is how it happened.
151708922 OP : Ah I see. Cheers for that
Rhiox : That was about the same time Roaring kitty made his first you tube appearance and all the meme stocks ran for historic runs after that due to social media influence from RK
Tony Stark : It’s the samething that’s still happening now , the stock was over shorted bc covid they thought no one was going to movie theaters anymore or to GameStop to buy games … we found out it had high short interest so we bought in and they had to cover when they covered Melvin capital had a huge position and went under so they had to cover ALL stocks they’ were short in , citadel bought their shorts and it shot up . It was suppose to keep going up but market makers (who are also the hedge funds like citadel ) orders robinhood , Webull and other apps to stop selling GME , Amc And a few others so the squeeze stopped then they shorted the shit out of it ..,. Sales kept going up but price kept going down , look at the price / volume chart since 2021 till now it makes no sense , the price should still be up there because NO ONE CLOSED THEIR POSITION . ALOt of us og apes bought when it was at the peak bc it was suppose to be start off it . And till this day we are trying to continue that squeeze that’s why gme amc and a few others follow each other it’s the same hedfunds vs retail .
BallerZz : It was $77 tops after hours, I sold amc at the peak back in 2021 around $68 per share is the massive profit I took