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Did Citadel Just Troll AMC? Here's What Some Apes Have To Say

By Adam Eckert

The beef between Citadel and the AMC Entertainment Holdings Inc (NYSE:AMC) apes is bananas.

What To Know: A year ago, the retail trading crowd created an unprecedented market frenzy around AMC and  GameStop Corp (NYSE:GME).

Groups of traders flooded social media platforms urging others to buy and hold shares of the companies in an effort to induce a short squeeze as a result of the high short interest in the stocks. The craziest part of this story is that it worked ... at least for a while. 

Today, AMC shares have nearly come full circle, returning to prices seen before the stock squeezed higher. The apes initially pointed their fingers at Robinhood Markets Inc (NASDAQ:HOOD) for implementing trading restrictions. However, the blame quickly shifted to "the suits" or big hedge funds with short positions in the stocks.

Citadel Securities and Melvin Capital became the main targets of the retail crowd as traders alleged the hedge funds were pressuring Robinhood to put trading restrictions in place. Other allegations include stock price manipulation and naked short-selling practices, which Citadel has denied.

See Also: Here's What To Watch As AMC Entertainment's Stock Counters Rallies

Why It Matters Now: Almost exactly one year after the squeeze occurred, Citadel posted a tweet on Thursday thanking AMC for a viewing of the recently released "Doctor Strange." 

The apes seemed to view this as more of a slight and indicated Citadel intended to troll the retail crowd.

One ape suggested the hedge fund may have edited the photos. "This is nothing more than their low level mind-games," one user said in a tweet. "F*** them!"

Another suggested Citadel is still short AMC and may be planning to cover said short position soon, while one AMC investor noted the apes will likely just buy more AMC stock following the tweet.

"You don’t get it still. Every time you try to anger us into selling, it just makes us buy more. You are done. We know it and you know it," the user said in a tweet.

AMC Price Action: AMC Entertainment shares nearly touched 52-week lows Thursday morning, before surging higher. 

The stock was up 6.4% at $11.04 at press time, according to data from Benzinga Pro.

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Dive Deeper:
Here's What To Watch As AMC Entertainment's Stock Counters Rallies
AMC Entertainment Holdings, Inc (NYSE: AMC) reached a new 52-week low on Thursday before spiking up to trade 25% higher…
Why AMC Entertainment Stock Is Falling
AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading lower Wednesday alongside several companies in the broader communications, media and entertainment…
Michael Hiltzik: Bitcoin, NFTs, SPACs, meme stocks — all those pandemic investment darlings are crashing
The finance world, which is constantly on the lookout for rules and laws it can break in the interest of…
Here Are The 3 Best Savings And Investment Apps; Are SoFi, Robinhood Among Them?
Lots of savings and investment apps promise to help consumers get ahead, but some get poor reviews. A survey found…
One subscription that gives you access to news from hundreds of sites
Robinhood Shares Surge On Investment From FTX Founder Sam Bankman-Fried
Robinhood Markets (NASDAQ: HOOD) shares are jumping higher in after-hours trading Thursday.
Robinhood And 3 Other Stocks Insiders Are Selling
US crude oil futures traded lower on Thursday. Investors, meanwhile, focused on some notable insider trades.
Get all your news in one place