The most important roundup of news for AMC January 27 2021
- First AMC mini squeeze. The stock price jumped 310% overnight, from $4.96 at the close on January 26 to $20.34 at the open on January 27. (The price briefly reached almost $25 in pre-market on January 27.)
- Robinhood screwed apes by restricting apes’ ability to buy shares of AMC. Only selling was allowed, which directly benefited hedge funds by tanking the share price. That is arguably the main reason why Vlad was dragged before the House to testify. Robinhood also implemented a 100% margin requirement for equity in AMC and GME.
- The first AMC-specific Reddit group (“amcstock“) launches.