Is AMC Stock Going to Go Up on Reddit Pump?

Currently, AMC stock is being driven by Reddit and other social media-influenced retail crowds. On June 2, AMC stock hit a 52-week high of $62.55 after registering a 95 percent gain in a single day. The rally was driven by retail investors, many of whom are active on Reddit’s subgroup WallStreetBets. At $57 right now, the stock isn’t trading very far from its 52-week high level. Retail investors are bidding the stock price up to generate a short squeeze, which will further multiply their gains.

View more information: https://marketrealist.com/p/is-amc-stock-going-to-go-up-reddit/

See more articles in category: Finance
See also  How Oracle Is Positioned in the Database Space

Leave a Reply

Back to top button