AMC Stock exploded during a high volume trading session fueled by eager investors trying to get their hands on the movie theater stock.
According to yahoo finance AMC Stock had 57,607,179 in trading volume which is on the higher side of things looking at the last 30 trading days.
When retail investors, known as “Apes,” discovered that hedge funds had shorted AMC stock to a point where a short squeeze was highly likely, AMC Stock soared up about 3,000% in 2021. Could this be another start of a major short squeeze?
AMC Stock soared up about 3,000% in 2021 and even though the AMC Stock has not reached that high since then, there have been several AMC Stock Halts over the past months, which suggest that buying pressure and the possibility of new all-time highs may be imminent.
AMC Stock hit an all-time high of $72 per share which was much higher than the mainstream media or the shorts ever thought it would soar. Is this the highest AMC stock can go? Or could it go much higher?
READ MORE: BLACKROCK ANNOUNCES MASS LAYOFF – $1.5 TRILLION IN ASSET LOSS