• A stock analyst says Mudrick Capital's AMC purchase and quick sale shows Wall Street insiders are 'preying on the naivete' of meme-stock traders

    15 days ago - By Business Insider

    Noam Galai/Getty Images
    Mudrick Capital's purchase and then quick sale of AMC stock shows retail investors aren't the only ones making money during the latest meme stock trading frenzy, said David Trainer, CEO of investment research firm New Constructs.
    Trainer called the hedge fund's quick profit an example of "institutions dunking on retail investors."
    He acknowledged that there are also retail investors profiting from the sale, but says the trading is risky and investors should take profits now.
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    Mudrick Capital's purchase and subsequent...
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  • Market analysts warn against meme-stock 'gambling,' as AMC's stock price remains decoupled from fundamentals

    15 days ago - By Business Insider

    Timothy Abero / EyeEm / Getty Images
    Timothy Abero / EyeEm / Getty Images
    Market analysts said it's hard to predict when surges in AMC's stock price will come to a halt.
    "It is anyone's guess how much larger this bubble can grow," one analyst said.
    AMC shares whipsawed Thursday after a record surge Wednesday that nearly doubled the stock price.
    See more stories on Insider's business page .
    The rally in shares of AMC Entertainment, fueled by an army of retail traders, could be at an end - or not. The world's largest movie theater chain nearly doubled in value in a single day of trading...
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