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AMC Price Prediction: A Short Squeeze Could Send Shares Skyrocketing Higher
The battle between meme-traders and short-sellers is reaching a boiling point
Meme stocks have a new alpha dog — AMC Entertainment (AMC)
Most traders are familiar with the company as we saw shares surge from under $2 a share to near $20 in January of 2021. The price action simmered down after that blistering run, and the market turned its attention elsewhere.
Until now!
Shares of AMC have been on the rise in recent days, volume is increasing, social media is buzzing, and the market is starting to retake notice — in a big way.
AMC shares closed at $12.77 on Thursday, a gain of roughly 23% on heavier than average volume. The bullish move was its most significant one-day percent gain since Jan. 29, 2021, when it gained 53.65%.
Let’s take a look at what’s fueling the fire, what to look for moving forward, and how AMC’s price prediction could be well above expectations.
AMC cashes in on the Reddit trading frenzy
Whenever there’s a substantial move, there’s usually news that fuels the fire, and this instance is no different.
