AMC Stock: The Short Call Sending AMC Entertainment Shares Lower Today

AMC Entertainment (NYSE:AMC) stock is is taking a beating on Friday after getting hit with a short call from Iceberg Research.

People wearing masks walking past an AMC theater.

Source: rblfmr/Shutterstock.com

Iceberg Research is a firm that prides itself on identifying “substantial earnings misrepresentation and accounting irregularities in financial statements issued by public companies.” The company posted the following Tweet today concerning AMC stock.

While Iceberg Research posted its short call for AMC stock on Twitter, it doesn’t appear to be ready to deal with the massive support the stock has on the platform. It limited replies so that only those it follows or mentions can chime in under its Tweet.

Even so, that isn’t stopping AMC Apes from commenting on the short call. Plenty of them are Quote Retweeting Iceberg Research’s post. A few examples of those are below.

Of course, we can’t bring up meme stocks and not talk about Reddit. Traders on the website are collecting around AMC stock and not letting the news affect them. Some are even calling on others to buy shares on the dip. Here’s what a few of those traders have to say.

  • “All these bears on AMC bouta lose a lot of money.” — Chitikii
  • “AMC is on sale today! I am finally an XX holder! 🚀” — HysteriaStrange
  • “Sold PG to buy the nice dip on AMC. 💎💎💎” — Vladstanpinople

AMC stock isn’t seeing as heavy of trading today following the short call. As of this writing, more than 48 million shares of the stock have changed hands. For comparison, its daily average trading volume is 156.6 million shares.

AMC stock was down 9.1% as of Friday morning.

Investors looking for more stock market news today should keep reading!

InvestorPlace has all the latest stock market news for Friday. That includes Alector (NASDAQ:ALEC) stock soaring on a partnership, what to expect from the market today, as well as Virgin Galactic (NYSE:SPCE) flight plans. You can learn all about those topics by following the links below!

More Friday Stock Market News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2021/07/amc-stock-the-short-call-sending-amc-entertainment-shares-lower-today/.

©2021 InvestorPlace Media, LLC