AMC Sep 2024 2.500 put
| Previous Close | 0.4200 |
| Open | 0.4000 |
| Bid | 0.4500 |
| Ask | 0.5000 |
| Strike | 2.50 |
| Expire Date | 2024-09-20 |
| Day's Range | 0.3600 - 0.5700 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.23k |
Yahoo FinanceAMC stock more than doubles amid meme craze as company completes $250 million share sale
AMC completed a $250 million stock sale amid renewed interest in shares during Monday's trading session.
- Yahoo Finance Video
Retail trading is back in a big way: WallStreetBets mod.
Meme stocks like GameStop (GME) and AMC Entertainment (AMC) are surging in interest after Keith Gill, who goes by "Roaring Kitty" on X (formerly Twitter), posted on social media for the first time in three years. Gill was in part responsible for the meme stock frenzy perpetuated by retail traders in 2021. Head Moderator of r/WallStreetBets Noor Al joins Market Domination Overtime to give insight into the renewed interest in meme stocks and a potential influx of retail trading. When asked if this is just a fad, Al responds: "I think we've actually seen the build-up for today's activity over the past two weeks, and even just three days ago when we were talking about DFV [Keith Gill aka Roaring Kitty] liking a tweet for the first time in three years. So there's precedence and there's been a lot of build-up to this moment to today." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Meme stock rally met with 'level of excitement': tastylive CEO
Roaring Kitty, a prominent figure in the 2021 meme stock phenomenon, returned to the social media platform X (formerly Twitter) and sparked a rally in notable meme stocks in Monday's trading session. With a single post on X, stocks such as GameStop (GME), AMC Entertainment (AMC), and BlackBerry (BB) experienced significant gains. To provide insights into this resurgence of the meme trade, tastylive Founder and CEO Tom Sosnoff joins Market Domination. Sosnoff acknowledges that after a relatively slow period in the market (^DJI, ^IXIC, ^GSPC) over the past few weeks, this meme stock rally "was really welcomed" as "another level of excitement." However, he notes that while these meme stocks are experiencing significant upsides, he does not view the current situation as comparable to the surge that occurred in 2021, which he describes as "a transformational moment." Addressing the potential investors behind the buying frenzy, Sosnoff told Yahoo Finance: "What happens when you have a move like what you're seeing today is that a lot of the high-frequency firms, after they learned their lessons in 2021, they tried to get ahead of it. So, a lot of the volume is high-frequency firms and market-making firms that know that there's going to be customers coming in on the buy side, so they're just trying to get in front of it so they have some inventory to lay out." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
