- The stock price of AMC Entertainment Holdings Inc (NYSE: AMC) has increased by 301.21% on Wednesday, January 27. This is why it happened.
The stock price of AMC Entertainment Holdings Inc (NYSE: AMC) has increased by over 11.44% on Wednesday, January 27 as it went from a previous close of $4.96 to $19.90. One of the main triggers for the stock price increase has to do with the encouragement of buying up shares on social media.
On Reddit, Facebook, Twitter, and Discord, a group of investors launched AMC buying campaigns in order to increase the price of shares along with call options — gives buyers the right to buy the stock at a set price until a certain date. And short sellers — investors who borrow stock with a bet that the price will fall — have been buying the shares back soon in order to reduce more losses. Plus institutional investors are also buying shares to hedge against call options being bought.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.