A short-selling research firm says it’s covered its bet against cinema chain AMC Entertainment at a profit.
Iceberg Research, in a tweet, said it’s covered its short against AMC
AMC,
after the stock fell 30% during its holding. Iceberg had first announced its short against AMC in July.
The firm didn’t disclose the size of their position.
Iceberg said it might make another bet against AMC.
AMC shares have skyrocketed 1,657% this year, as retail investors — including those on the Reddit Wall Street Bets message board — have flocked to the stock. The shares have dropped 47% from their June highs, however.
Daniel Craig’s final James Bond movie, No Time To Die, grossed $56 million in its North American debut, which was considered a solid but unspectacular showing — including one where Craig and co-star Rami Malek appeared.
This post was originally published on Market Watch
