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AMC short sellers dealt massive $1.2 billion blow after stock rally


Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020.

Amir Hamja | Bloomberg | Getty Images

Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied more than 116% since Monday, according to data from S3 Partners.

The rally cooled off late Friday after AMC’s stock skyrocketed as much as 38% during early morning trading. The shares closed at $26.12 per share Friday, up from $13.68 on Monday. At its peak, the stock reached $36.72 a share.

AMC was the most active stock on the New York Stock Exchange by far on Friday as more…


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