After nearly doubling Tuesday, the stock has surged about 30-fold this year.
, however, the company also cautioned against the investment, saying that"under the circumstances," people should only buy into the stock if they are"prepared to incur the risk of losing all or a substantial portion" of their investment.
The company cited a glut in short interest, access to margin debt, options trading and the bullish sentiment among retail investors as reasons for current trading prices before warning that gains driven by a short squeeze would be"inflated" until short positions abate—something thatAMC shares, which last closed at $62.55, were down about 10% in pre-market trading, as of 8:15 a.m. EDT.
their short bets after weeks of meteoric gains. Thus far, only AMC, which has also benefited from broader optimism over businesses reopening, has recouped those losses. AMC Skyrockets To New Record High After Announcing Perks Geared Toward 'Extraordinary' Individual Investors
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