Reddit traders put $345m into AMC but meme stock mania has peaked

search June 4, 2021 Yahoo News Leave a comment 26 Views

The AMC logo is seen at the AMC Georgetown 14 Theatres in Washington, DC on June 3, 2021. - A day after its share price almost doubled, AMC Entertainment on June 3 successfully completed a large new equity offering despite warning prospective shareholders that they could potentially lose their entire investment. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

AMC’s stock close to doubled on Wednesday amid a flurry of interest in the stock from day traders and other amateur investors. Photo: Mandel Ngan/AFP via Getty Images

The recent revival of investor interest in so-called “meme stocks” like US cinema chain AMC (AMC) and retro smartphone maker BlackBerry (BB) may already be over, according to analysis of retail trading flows.

Vanda Research said on Friday that its proprietary tools tracking retail investor flows in the US and UK suggested…


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