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This big Wall Street player made out like a bandit on AMC stock

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Private-equity firm Silver Lake made out like a bandit this week by piggybacking off the stock market frenzy stoked in recent weeks by users of a Reddit message board.

Silver Lake was able to clear a profit of roughly $112 million on Wednesday by selling 44.4m newly minted shares of struggling movie-chain operator AMC Entertainment Holdings Inc.
AMC,
+53.65%

into a red-hot market for the company’s stock, according to a Friday filing with the Securities and Exchange Commission. The Menlo Park, Calif.-based private-equity firm earned its windfall after individual traders, banding together on an online trading forum, dramatically drove up the price…



Source marketwatch.com

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