Why AMC Stock Is Rocketing Higher Today
Is this the mother of all short squeezes that AMC Entertainment (NYSE: AMC) investors have been waiting for?
After another week of a rapidly rising stock price, shares of AMC were soaring 22.2% at 11:30 a.m. EST on Monday. The stock has now nearly doubled in just two weeks, and it has to be putting pressure on short-sellers, many of whom are likely moving to cover their positions.
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Source Fool.com