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Short sellers will incur a new loss of $ 500 million due to AMC’s 20% pre-market rise, Ortex said.

Stocks of movie chain operator AMC Entertainment
AMC,
+ 35.58%

Up 20% in pre-market transactions, After rising 36% on Thursday, And more than doubled in the last four days. Twitter, financial analysis group Otex said The new loss from short selling of memes shares was “up to $ 500 million in premarket alone. AMC’s total loss this week is $ 1.75 billion so far. Individual investors on social media. Boosted AMC’s rise earlier this year. Video game retailer GameStop.
GME,
+ 4.77%
,
This year’s popular meme stock was up 2.7% at pre-market prices.



Short sellers will incur a new loss of $ 500 million due to AMC’s 20% pre-market rise, Ortex said.

Source link Short sellers will incur a new loss of $ 500 million due to AMC’s 20% pre-market rise, Ortex said.

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