AMC Short Squeeze: Apes Prepare for Epic Battle

Buying Pressure Key to igniting Rocket

The highly anticipated short squeeze in AMC Entertainment (AMC) stock is inching closer to reality as retail investors, known as "Apes," intensify buying pressure. Amidst the COVID-19 pandemic, movie theater chains have faced significant challenges, but AMC stock has soared this week as Reddit-fueled enthusiasm reignites.

Reddit Rally Fuels AMC Surge

On Monday, AMC shares jumped over 7% in midday trading, continuing a remarkable surge that has propelled the stock up 146% this week. Renewed interest from Reddit's WallStreetBets community has fueled this rally, echoing the explosive short squeeze of January 2021.

Buying Pressure Critical

To sustain the short squeeze, Apes must continue to buy and hold AMC shares, increasing the demand and forcing short sellers to cover their positions by purchasing the stock. This buying pressure will drive the share price higher, triggering a cascade of short-covering activity.