AMC Stock Price and News: AMC shares spike on Twitter talk

Shares in AMC gain 15% in pre-market trading on Thursday.
Twitter trend spike in AMC shares as traders look for news.
AMC Twitter rumours of a possible takeover, mainstream news services dismiss as old news.

Ivan Brian FXStreet

AMC stock forecast

Here we go again another volatile day in AMC shares beckons as the Twittersphere goes for it! Shares in AMC have spiked up to $6.16, a gain of over 11%. The reason is unclear, but an article from Forbes France is circulating on Twitter speculating on a possible Amazon takeover. The article points out it is highly speculative and multiple news sources have dismissed the news, but that would appear to be the main factor pushing AMC shares higher.

Is the news true or not? Is not known and as with all speculative stories, traders should guard risk carefully. Trends are powerful and can result in profits so just because a stock spikes or a story is circulated, it shouldn't be dismissed as a trading opportunity. The "trend is your friend" as the old adage goes, so ride it and use a trailing stop or some form of risk management.

AMC stock news

AMC had been one of the Reddit darling stocks of 2021. The cinema chain was an obvious target for short sellers due to the pandemic, but the /wallstreetbets community took on the short sellers and won. AMC was able to survive and raise money to ensure its future survival, thanks to the retail-induced share price appreciation. AMC last raised over $900 million in January. “This means that any talk of an imminent bankruptcy for AMC is completely off the table,” CEO Adam Aron said at the time. A victory for the Reddit retail community and for society at large, who want to return to leisure activities post the pandemic. So the /wallstreetbets saga may have had positive societal impacts and hopefully resulted in more profits than losses for the new retail rebels!

Currently, in Congress, Senator Elizabeth Warren has questioned Citadel's relationship with Robinhood and written to the financial regulator about protecting retail investors.

The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.

Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

AUD/USD defies gravity; focus is back to 0.7000

AUD/USD has maintained its bid bias around 0.6970 ahead of the opening bell in Asia on Tuesday. The pair has added to Friday’s rebound, retargeting the 0.7000 hurdle despite another day of firm gains in the Greenback. Looking ahead, Westpac will publish its Consumer Confidence gauge on the domestic calendar.

USD/JPY retakes 158.00 amid hawkish BoJ bets, firmer USD

USD/JPY erases losses and retakes 158.00 in the Asian session on Monday, trading within a one-week-old range. Geopolitical uncertainty continues to underpin the US Dollar, despite fading Fed rate hike hopes, supporting the pair's rebound. However, further upside could be capped by hawkish BoJ expectations and looming intervention risks that could support the Japanese Yen.

Gold treads water around $4,150

Gold now regains some composure and approaches the $4,150 mark per troy ounce late on Monday. The precious metal’s vacillating price action comes in response to the persistent advance in the US Dollar in combination with the resurgence of the upside momentum in US Treasury yields across the curve.

Bitcoin and Gold Outlook: BTC slips, XAU downtrend persists as US Services PMI misses forecasts

Bitcoin (BTC) faces growing headwinds on Monday, as it trades lower below $86,000. Despite the ongoing pullback, the Crypto King remains in a broad range with the lower limit near $84,000 and the upper limit at $88,000. A break on either side of this zone would influence BTC's direction. Gold (XAU/USD), meanwhile, retains a dominant bearish outlook as price action continues downward toward $4,100.

Eurozone inflation just hit 3.8%, its highest in three years. This chart shows why the ECB can’t simply hike its way out

The ECB would normally have a relatively straightforward answer to inflation running almost twice its target: raise interest rates. But these are not normal circumstances. This time, the bond market is already doing part of the tightening for it, leaving the ECB facing an increasingly difficult dilemma.