AMC share price quadruples as retail traders raid hedge-fund short targets. Shares of AMC Entertainment jumped more than 300% at the opening bell on Wednesday. In addition to GameStop, individual investors are piling into other heavily shorted names, creating short squeezes. Hedge funds that are short are rushing to cover losses. Trading in AMC was halted several times during the first hour of trading due to volatility. Amid the surge in AMC Entertainment, shares of AMC Networks were also on the move, advancing 15%. AMC Networks’ short interest stands at 60%, according to FactSet.
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