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Gamestop, AMC short sellers lost US$754 million after Tuesday's rally - Ortex


Gamestop, AMC short sellers lost US$754 million after Tuesday s rally - Ortex
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Gamestop, AMC short sellers lost US$754 million after Tuesday s rally - Ortex
Investors shorting meme stocks GameStop and AMC Entertainment are estimated to have lost US$754 million on Tuesday alone as the shares rallied, data from financial analytics firm Ortex shows.
FILE PHOTO: A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, U.S. January 27, 2021. REUTERS/Nick Zieminski/File Photo
26 May 2021 08:56PM
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LONDON: Investors shorting meme stocks GameStop and AMC Entertainment are estimated to have lost US$754 million on Tuesday alone as the shares rallied, data from financial analytics firm Ortex shows. ....

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Stocks rally on strong growth data


Stocks rally on strong growth data
Business
May 25, 2021
Stocks started the week on a positive note as the government expects 3.94 percent growth for FY21 owing to the massive recovery in industrial activities, dealers said.
Ahsan Mehanti at Arif Habib Corp said stocks closed higher amid higher trades as investors weighed strong estimated growth of 3.94 percent in FY21 and surging global crude oil prices.
“Likely status quo in the upcoming monetary policy announcement this week and Finance Ministry outlook on 5.0 percent growth in FY22 and 6-7 percent on sustained basis played a catalytic role in bullish close,” Mehanti added.
Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.40 percent or 182.13 points to close at 46,097.11 points. KSE-30 shares index gained 0.33 percent or 61.36 points to close at 18,780.51 points. ....

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