AMC meme revival pits trader euphoria versus big block trade
Phil Serafino and Bailey Lipschultz, Bloomberg News A vehicle passes in front of an AMC movie theater at night in the Times Square neighborhood of New York, U.S., on Tuesday, Oct. 15, 2020. AMC Entertainment Holdings Inc. is considering a range of options that include a potential bankruptcy to ease its debt load as the pandemic keeps moviegoers from attending and studios from supplying films. Photographer: Amir Hamja/Bloomberg , Bloomberg
AMC Entertainment Holdings Inc. posted its longest rally since 2018 as individual investor desire to trade meme stocks was reawakened.
AMC ended the day higher by 0.6 per cent to US$14.03 even after traders circulated news that a 17 million share block trade was said to price at US$14.20 each. The movie-theater chain flipped between gains and losses amid heightened trading volume for a fourth straight-session.
Price action over last quarter: down 14.37%
Company Overview
XpresSpa Group Inc is a health and wellness holding company. It is an airport retailer of spa services through XpresSpa locations, offering travelers premium spa services, including massage, nail, and skincare, as well as spa and travel products. Geographically, it generates a majority of its revenue from the United States.
Routes: New Calif. airline, Alaska lounge at SFO, more OAK routes, Hawaii rule changes, more
A weekly roundup of air travel and airport news
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Testing rules have changed again if you are heading to Kauai and Maui.Seth K. Hughes/Getty Images
In this week’s roundup, a new California-based airline will take to the skies later this month; Alaska Airlines takes over American’s former Admirals Club at SFO; Delta and Southwest kick off new routes from Oakland; Alaska revives some SFO and San Jose service; the U.S. works with airlines to set technical standards for COVID passports; Kauai and Maui change their COVID testing rules for arriving mainland visitors; Greece plans a mid-May opening for international; tourists; JetBlue reveals enhanced economy cabin for its upcoming London flights; some United domestic flyers are testing “touchless” procedures at San Francisco International, and the airport expands its ban on plastic containers; and a new COVI
Robinhood turns into a villain after limiting trading in GameStop and other highly volatile stocks
Online trading platforms moved to restrict trading Thursday, drawing an outcry from smaller investors.
The Fearless Girl statue, created by Kristen Visbal, stands across from the Charging Bull statue in New York.(AP)
Robinhood and other retail brokerages took steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly.
GameStop stock has rocketed from below $20 earlier this month to close around $350 Wednesday as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would fall.