The AMC (NYSE: AMC) stock borrowing rates have skyrocketed, substantially increasiamc squeeze update todayng the chance of a short squeeze.
Shares of top movie theater operator AMC Entertainment fell 9% to close at $4.72 on above-normal trading volume after the company revealed a plan to sell up to 50 million。
The most recent update comes from Citi, which revised its AMC Entertainment model. As shares in the cinema chain operator continue to surge, Citi analysts have raised their price target on AMC stock from $3.10 to $3.20。
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