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Clover Health, GameStop, AMC, BlackBerry Stocks Seeing Highest WallStreetBets Interest Heading Into New Trading Week
SPDR S&P 500 ETF Trust (NYSE:SPY),
Clover Health Investments Corp. (NASDAQ:CLOV),
GameStop Corp. (NYSE:GME) and
AMC Entertainment Holdings Inc. (NSYE: AMC) are the stocks seeing the highest interest on Reddit’s r/WallStreetBets forum, even as overall discussions remained muted.
What Happened: Exchange-traded fund SPDR S&P 500 ETF Trust remained the most-discussed stock on the forum with 138 mentions and was followed by medical insurance technology company Clover Health with 113 mentions during the last 24 hours at press time, data from Quiver Quantitative showed.
AMC, Didi, AMD 3 Stocks To Watch Today Based On High Retail-Investor Interest
These stocks saw high retail investor interest on social media at press time early Tuesday.
AMC Entertainment Holdings Inc (NYSE:AMC): The theatrical exhibition company hit hard by the ongoing COVID-19 pandemic emerged as a retail investor favorite this year.
Often a much-discussed stock on r/WallStreetBets, AMC saw high interest on the Reddit forum known for short squeezes on Monday.
Last month, AMC said it would reward its shareholders with free popcorn as a part of a new investor connect program.
AMC shares have skyrocketed 2,350.9% since 2021 began. On Friday, the company’s shares closed 4.2% lower at $51.96 in the regular session after Iceberg Research announced taking a short position and gained 1.83% higher at $52.91 in the after-hours session.
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AMC shares fall after Iceberg Research discloses short position
FILE PHOTO: An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri
July 2, 2021
By Akanksha Rana and Sinéad Carew
(Reuters) -AMC Entertainment shares closed down 4% on Friday after short-seller Iceberg Research tweeted that it had made a bearish bet against the theater chain operator’s stock.
The so-called meme stock closed at $51.96 after falling almost 12% to $47.77 in morning trading after Iceberg’s tweet that it had sold the shares short, which involves borrowing shares with a view to buying them back at a lower price to cover the bet.