Members over at r/wallstreetbets and Discord anticipate AMC stock price can skyrocket as high as $1,000 with enough momentum. The number of phantom shares hedge funds have to cover is astronomical which is why the community is calling this the mother of all short squeezes (MOASS).
Full Answer
Can AMC stock go higher on a short squeeze?
Apr 19, 2022 · Members over at r/wallstreetbets and Discord anticipate AMC stock price can skyrocket as high as $1,000 with enough momentum. The number of phantom shares hedge funds have to cover is astronomical which is why the community is calling this the mother of all short squeezes (MOASS).
Will AMC stock continue to rise?
Apr 22, 2022 · Remember that AMC cashed in big-time on the original squeeze attempt back in May by issuing more than $1 billion worth of stock. The company will do whatever it …
Can AMC stock price skyrocket to $100-1000?
Oct 01, 2021 · With unlimited potential it becomes difficult to determine how high AMC Stock Price can go during the squeeze, but it is not a question of potential, its a m...
How do hedge funds short AMC Entertainment (AMC)?
Aug 25, 2021 · The short interest looks to be high enough to trigger a short squeeze. Article continues below advertisement AMC’s stock price prediction So far, AMC stock broke $40, which means that the stock...
AMC stock is rising
AMC stock is rising despite no company-specific news or an analyst upgrade. Instead, it appears that meme stock fans and short squeeze investors are driving the trend. This has been the case for months for AMC and GameStop.
Is a short squeeze happening in AMC stock?
On Aug. 24, AMC stock saw 225 million shares trade against an average of 170 million. The high trading volume is triggering another short squeeze in AMC stock. Koyfin estimates AMC’s current short interest as a percentage of free float at nearly 17 percent. The short interest looks to be high enough to trigger a short squeeze.
How high can AMC stock go?
AMC stock will continue to rise as long as the short interest in it stays high. It’s difficult to predict how high AMC stock could go in the short term as the stock price is impacted by investor sentiments.
Is it too late to buy AMC stock now?
Apes have been diligently holding AMC stock while waiting for the mother of all short squeezes. In the short term, the stock might rise more as a result of a classic short squeeze. As the stock price increases, shorts are forced to cover their bets even quicker, which results in a stock price surge.
AMC stock short squeeze
Recently, AMC stock has rallied mainly due to the short squeeze rather than fundamentals. Is a short squeeze behind the stock’s latest surge? AMC stock carries a short interest of more than 30 percent, according to Fintel data. The short bets have increased from 24 percent about a week ago and 11 percent in March.
How high can AMC stock go?
The January squeeze sent AMC stock to a peak of $20.36. It’s almost back there after the latest rally. Since the stock still carries significant short interest, it could go higher on a short squeeze. It's tough to tell exactly how high the stock could climb from the current level.
How much have AMC stock short sellers lost?
Shorting AMC stock is expensive. Hedge funds that bet against the theater operator are counting their losses. According to analytics firm S3 Partners, the May 26 rally caused AMC short sellers a $290 million loss. Those bears lost more than $540 million between May 25 and May 26. For the year, AMC short sellers are down $1.37 billion.
AMC stock forecast
CFRA upgraded its AMC stock target price to $18 from $2.50. It's Wall Street’s most bullish price forecast for the movie theater chain. On average, AMC carries a consensus target price of $5.11, which implies a 74 percent downside from the current price.
Should you still buy AMC stock now?
With the prospects that AMC stock could go higher amid a short squeeze and renewed Amazon acquisition rumors, many investors wonder whether now is the time to buy. Depending on your investing goal, you might want to buy AMC stock now or stay away.
