The recent move in AMC Entertainment (NYSE: AMC) has nothing to do with a short squeeze, Lightshed Partners analyst Rich Greenfield said Friday on CNBC's "Squawk Box."
Gainers
Vertex Energy, Inc. (NASDAQ: VTNR) shares climbed 124.2% to settle at $3.99 on Thursday after the company announced plans to acquire a Alabama refinery and related logistics assets.
Television host Jim Cramer has posted a series of tweets on Beyond Meat Inc (NASDAQ: BYND) which urge bears to exit the shares of the meat substitute firm and make references to WallStreetBets investors.
The cryptocurrency market remained muted late Thursday as the focus returned to so-called meme stocks and associated short squeezes.
What Happened: Bitcoin (BTC), the largest cryptocurrency by market capitalization, traded 1.28% higher at $37,961.27 at press time over a 24-hour period. The apex coin is down 6.92% in a seven-day trailing period.
Gainers
Salesforce.com (NYSE: CRM) shares are trading higher after the company reported better-than-expected Q1 EPS and sales results. The company also issued Q2 EPS and sales guidance above estimates and raised FY22 EPS and sales guidance above estimates.
Zosano Pharma (NASDAQ:ZSAN) shares are trading higher after the company announced publication of clinical data regarding the long-term use of Qtrypta for the treatment of acute migraine in The Journal of Headache and Pain.
Ooma (NYSE:OOMA) shares are trading higher after the company late Wednesday reported better-than-expected Q1 results and issued guidance above analyst estimates.
AMC Entertainment Holdings Inc (NYSE: AMC) opened 5.18% lower on Thursday, but the stock was immediately bought and a massive amount of institutions began placing call orders.
Beyond Meat Inc. (NASDAQ: BYND) shares were trading higher Thursday after the company announced the launch of its first-ever value six-pack of the company’s Beyond Burger in Canada.