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Ritholtz Wealth Management

Ritholtz Wealth Management
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

03Jun2021 Pre-Market Commentary: Futures Dump As Meme Stock Mania Goes Into Overdrive, DOW Down 183 Points, Nasdaq Down 0 9%, WTI Crude 68 95, ADP Employment Grew 978,000

AMC, this summer s blockbuster stock, warns of plot twists

AMC, this summer s blockbuster stock, warns of plot twists Sign In MICHELLE CHAPMAN, AP Business Writer June 3, 2021 FacebookTwitterEmail FILE - In this March 15, 2021, file photo movie patrons arrive to see a film at the AMC 16 theater in Burbank, Calif. AMC is looking to sell up to 11.5 million of its shares, as the movie theater operator looks to capitalize on its meme stock popularity. The announcement in a regulatory filing on Thursday, June 3 comes just two days after the company said it was raising $230.5 million through an 8.5 million share sale.Mark J. Terrill/AP AMC may sell up to 11.6 million of its shares with a trading phenomenon pushing stock in the movie theater chain up almost 3,000% this year, and 140% just this week.

(WKHS), (AMC) - Why Workhorse Stock Is Soaring Today

Share: Workhorse Group Inc (NASDAQ: WKHS) is trading significantly higher Thursday morning as retail trader interest increases as a result of the stock s high short interest.  What Happened: Workhorse has started to pick up traction across social media platforms. Retail traders are discussing the short squeeze potential of the stock as short interest sits close to 42%.  Traders on the Subreddit r/wallstreetbets started posting about the stock after seeing the recent moves in stocks like AMC Entertainment Holdings Inc (NYSE: AMC), GameStop Corp (NYSE: GME) and BlackBerry Ltd (NYSE: BB). Workhorse was trending on Stocktwits behind AMC Entertainment and BlackBerry at publication time.

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