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Mudrick Capital may have missed out on more than $300 million by dumping AMC a day early

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An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021.

Carlo Allegri | Reuters

Mudrick Capital raised eyebrows on Tuesday when it bought 8.5 million shares of AMC Entertainment through an offering from the theater chain, then, according to Bloomberg News, flipped all of that stock for a tidy profit in the very same day.

But the distressed investment firm could have made a lot more money if it held onto its shares in the meme stock for just one more day.

The movie theater chain stock surged more than 100% on Wednesday amid a Reddit-fueled buying frenzy, prompting several trading halts. At one…



Source cnbc.com

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