Posts in tag
FINE1
AMC up 40% as Reddit bulls drown out hedge fund share dump
Shares of AMC Entertainment (AMC.N) surged another 38% in early deals on Wednesday and were set to open at a record high as individual traders on social media forums were unfazed by a hedge fund flipping its stake in AMC, calling it overvalued. Hedge fund Mudrick Capital Management sold 8.5 million freshly issued AMC shares …
EXCLUSIVE China’s Ant explores ways for Jack Ma to exit
Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing’s scrutiny of its business, according to a source familiar with regulators’ thinking and two …