Indeed, fans of Marvel’s webslinging superhero might be forgiven for humming the theme song from the 1967 animated series because it certainly seems that Spider-Man is doing whatever a spider can…at least when it comes to hefting AMC Entertainment AMC, +1.99%’s shares.
For his part, Aron wasn’t shy about celebrating, using his fingers to brag before the opening bell on Monday that AMC welcomed 7 million customers to see Spider-Man over the weekend: iframe.twitter-tweet { width: 100% !important; } “Whoa Nellie” indeed was the vibe amongst retail traders on social media, who combined theories around the strong box office, an improving short squeeze opportunity, as a bull case for AMC over the shortened holiday trading week. The stock market is closed on Friday in observance of Christmas.
iframe.twitter-tweet { width: 100% !important; } AMC Apes, the staunchest supporters of the meme stock that has mostly risen on the back of social-media fervor over fundamentals, also continued to share a theory that millions of AMC shares are being bet against, or shorted, in dark pools. Those bullish investors maintained that holding AMC’s price above $26 a share would force those naked shorters into public exchanges, as the thinking goes.
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