The AMC stock shareholders better known as the “Apes” have been watching AMC’s share price along with other metrics closely ever since the initial short squeeze frenzy the stock along with others experience last year. AMC has experienced significant growth in share price as well as growth in the underlying business over the last year due to Adam Aron (Amc’s Ceo) innovation in the company and willingness to do whatever it takes to get the company back to pre-pandemic levels.
What is Happening with AMC Recently?
AMC stock has been trading lower as of recently which comes as a surprised due to all of the rather bullish catalyst AMC’s CEO Adam Aron has been reporting on since the Q4 earnings. Adam Aron suggests that since the movie chain is now netting a positive cash flow, this will allow them to continue to pay down debt and increase investments into the growth enhancement of the business and focus on revenue growth. Recently we’ve seen AMC entertainment continue to innovate the company. AMC has introduced NFTS, Cryptocurrencies, Branded Credit Cards, AMC Perfectly Popcorn, Variable Pricing, and Recovery, Agility & Transformation.
AMC STOCK “GLITCHES”
In the last 12 months of trading, the AMC Apes have reported on various “Glitches” in regard to AMC’s share price as well as other things such as short interest. In the tweet below you see AMC’s short interest of the free float reporting over 40%!
In this recent Screenshot, you can see clearly that AMC stock’s share price is over $41,000 dollars per share!
Large List of Other AMC Stock Glitches
Here are all of the glitches I have been able to find any information on
(Credit AMC STOCK REDDIT)
- April 15: A glitch on the NYSE website shows AMC’s after-hours trading running to $95. Trading price at the time was around $9.
- April 30: A glitch on Google stocks shows AMC’s price at $61. Trading price at the time was around $8.
- May 4: A glitch on the Robinhood app shows AMC’s price at $411. Trading price at the time was around $10.
- June 10: A glitch on multiple platforms shows AMC’s price as having lost over $200+ (implying the price was approx. $280). Trading price at the time was around $59.
- July 13: A glitch on Fintel shows an institution having bought 4 shares of AMC at $5,000 per share. That same institution also showed as having later sold those 4 AMC shares for a total of $41,000 (implying the price was approx. $10,250 per share). Trading price at the time was around $39.
- July 19: A glitch on multiple platforms shows AMC’s price as having lost $315+ (implying the price was approx. $350). Trading price at the time was around $35.
- August 2: A glitch on Fintel shows an institution closing 7 shares of AMC for a total of $69,000 (edit: nice), implying the price was approx. $9,857 per share. Trading price at the time was around $35.
- August 4: A glitch on Trading 212 shows users being offered 2x the price of AMC per share, but only if they liquidated their entire position.
- August 16: A glitch on Yahoo shows AMC’s price at $11,431. Trading price at the time was around $35.
- August 19: A glitch on Bloomberg shows a Brazilian AMC listing’s float at 3 billion shares (edit: adding this post here, which has a different opinion on this float situation)
- August 20: A glitch on PYTH shows AMC’s price spiking to $135 at a monthly average, with a high of $768.
- August 27: A glitch on Yahoo shows AMC’s daily volume in the billions.
- September 2: A glitch on Stocktwits shows AMC’s price at $584.32. Trading price at the time was around $44.
- September 19: A glitch on PYTH shows AMC’s price spiking to $722 on two separate occasions in after-hours trading. Trading price at the time was approx. $40.
- October 1: A glitch on Robinhood shows AMC’s price at $430. Trading price at the time was approx. $39.
- October 14: A glitch on E*Trade (I am not entirely sure what app this is!! Please tell me if you know!) shows AMC wicking up to $74. Trading price at the time was approx. $40.
- November 18: A glitch on Robinhood reported by an AMCStock user shows a partial AMC share of .000063 being sold for $158.00.
- December 29: A glitch on multile platforms shows AMC’s short interest jumping between 40% and 4,000%. This was reported from users of E*Trade, TD Ameritrade, RBC, and others, as well as appearing on Fintel.
As noted previously, there a too many “Glitches” to keep count. It does seem very odd for a stock to have so many glitches in a short time frame. Regardless of what is truly going on, the AMC stock Apes will get down to the bottom of this sooner or later.