After a big year in 2022, short sellers are off to a rough start to 2023. However, some stocks have certainly been more unkind to short sellers than others as of late.
Michael Burry, the millionaire born out of the subprime mortgage crisis back in 2007 and known for constantly deleting his tweets (and his account), gave meme stock investors a bit of homework.
AMC Entertainment’s (NYSE: AMC) skyrocketed more than 12%, triggering a volatility halt to the upside on Monday afternoon. So, what’s driving the retail investor-favorite stock higher yet again?