WHY DID CITADEL BUY AMC STOCK? - HUGE NEW POSITIONS π₯ - AMC Stock Short Squeeze Update
1,418Did Citadel buy AMC stock? or did they sell off some of their position? why were they holding AMC in the first place? what trickery are they up to now?!
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Links;
https://twitter.com/jpkuz12/status/1427654410524524544
https://www.reddit.com/r/amcstock/comments/p65e3m/that_macdthis_will_be_the_most_violent_bull_run/
Citadel sold off around 75% of their AMC position, its likely that Citadel are playing both sides of the fence, advertising their short position to cause more retail investors to buy the stock, and then making profit on the way up.
However, citadel are still not out of their short position and are still very heavily underwater. Around $3bn in losses so far this year on their 'legal' shorts.
We also have some absolutely massive updates on institutional ownership
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