27-01-2021 17:17 via gamespot.com

AMC Stocks The Next Target Of Reddit Traders

The stock market has been going through some interesting ups and downs recently, and it's all thanks to a group of Reddit users who are targeting certain stocks to push their value to incredible levels. GameStop was targeted first, and now, they've set their sights on AMC Theatres.Stock prices for the movie theater chain cost $5 a share on January 26, but have since tripled in price as of Wednesday morning. This is what's called an organized short squeeze where a stock jumps up, and it forces tr
Read more »