News

Short Selling

Reuters | Equities.com |

Shares of cinema operator AMC Entertainment and video game retailer GameStop Corp fell sharply on Wednesday and were both trading below half their recent peak prices, testing the fortitude of the stocks' retail shareholders.

AMC, in its fourth straight day of losses, closed down 15% at $33.43, close to 54% below its all-time high of $72.62 reached in early June. The stock earlier fell as low as $33.25 to its lowest point since June 1.


Reuters | Equities.com |

Shares of Clover Health Investments Corp jumped as much as 109% on Tuesday as it became a new focus for small individual traders on social media platforms who have prompted rallies in heavily shorted U.S. stocks this year.

Traders had exchanged more than $14 billion worth of Medicare-backed insurance seller Clover Health shares by the close, eclipsing the company's overall stock market value of about $9 billion.


Reuters | Equities.com |

Lordstown Motors Corp said on Monday that 2021 production of its Endurance truck will be half of prior expectations and that the electric vehicle startup needs additional capital to execute its plans, sending shares down 9.5% in after-hours trading.

"Capital may limit our ability to make as many vehicles as we would like," Chief Executive Steve Burns said on a conference call.