Shares of top movie theater operator AMC Entertainment fell 9% to close at $4.72 on aboveamc squeeze update today-normal trading volume after the company revealed a plan to sell up to 50 million。
The AMC (NYSE: AMC) stock borrowing rates have skyrocketed, substantially increasing the chance of a short squeeze.
The most recent update comes from Citi, which revised its AMC Entertainment model. As shares in the cinema chain operator continue to surge, Citi analysts have raised their price target on AMC stock from $3.10 to $3.20。
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