AMC Shares Rise: What's Driving the Surge?

Thursday's Highlights:

• AMC shares rise, catching investor attention
• GameStop CEO Ryan Cohen buys significant GameStop shares
• AMC focuses on premium experiences and special events post-pandemic
• AMC and GameStop historically move together in the stock market
• One-year anniversary of Keith Gill's last social media post

Market Performance

• Current Stock Price: $1.69 (up 4.97%)
• Key Resistance: $2.00
• Key Support: $1.50
• 52-Week Low: Shares have dropped by 50.15% over the past year

Technical Indicators

• 20-day simple moving average: 5.3% above
• 50-day and 100-day averages: Below
• Relative Strength Index (RSI): 41.74 (neutral)
• Moving Average Convergence Divergence (MACD): Above signal line (bullish momentum)

Short Interest

• 18.19% of float sold short

Historical Context

• AMC and GameStop popular among retail investors during 2021 meme-stock frenzy
• Traders see them as risky but potentially rewarding investments, especially for short squeezes