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.
Movie theatre chain AMC Entertainment Holdings Inc.’s (NYSE: AMC) stock surge of more than 35% on Thursday has cost short sellers another $634 million in losses, Bloomberg
U.S. indices were trading higher Thursday following better-than-expected U.S. jobless numbers as well as reports that President Joe Biden will propose a $6-trillion budget.
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.