AMC shares fall after Iceberg Research discloses short position - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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AMC shares fall after Iceberg Research discloses short position

The so-called meme stock closed at $51.96 after falling almost 12% to $47.77 in morning trading after Iceberg's tweet that it had sold the shares short, which involves borrowing shares with a view to buying them back at a lower price to cover the bet.

from Stocks-Markets-Economic Times
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