The real story was the heated trading going on in AMC Entertainment.
 | WED, JUN 02, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 125.06 | +0.78 | +0.63% | | MSFT | 247.30 | -0.10 | -0.04% | | INTC | 57.48 | +0.59 | +1.04% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | F | 14.91 | +0.10 | +0.68% | | AAPL | 125.06 | +0.78 | +0.63% | | AAL | 25.82 | +1.15 | +4.66% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 125.06 | +0.78 | +0.63% | | AMD | 81.97 | +1.16 | +1.44% | | SIRI | 6.45 | +0.17 | +2.71% | |
| |
It was a quiet day for the three major stock indexes, which notched incremental gains on Wednesday. The S&P 500 and the tech-heavy Nasdaq Composite both rose 0.14%, while the Dow Jones Industrial Average climbed 25.07 points to reach 34,600.38. Energy companies helped lift the Dow and the S&P 500, catching a tail wind from rising oil prices. Chevron gained 1.3%, while Schlumberger climbed nearly 7.7%. Occidental Petroleum climbed 2.7%. But the real story was the heated trading going on in AMC Entertainment, as the movie theater operator ended the day up more than 95%.  At one point, the activity in the name was so fervent that trading was temporarily paused around midday. Indeed, Mudrick Capital, which reportedly flipped 8.5 million shares of AMC on Tuesday, may have missed out on a windfall of more than $300 million. Other speculative favorites enjoyed a bounce. Bed Bath & Beyond jumped 62%, while BlackBerry rose nearly 32%. While Goldman Sachs believes that the market is too upbeat about where movie theaters will stand in the recovery – the bank downgraded Imax and Cinemark to sell – small-time retail investors aren't necessarily interested in such projections. That shows with Reddit favorite AMC. "They're bent on some sort of contest where they want to destroy the shorts, and anybody who says it's overvalued is immediately a target," said CNBC's Jim Cramer on Wednesday. |
Tidak ada komentar:
Posting Komentar