• NYSE: AMC fell 4.17% on Friday, during another red day for even stocks.
• Iceberg Research reveals that it now has a short position in AMC.
• With Robinhood on the verge of going public, there are calls for an end to memes stocks.

NYSE: AMC continued its descent on Friday, and it’s unclear if a hot weekend at the box office can save the stock again. AMC shares fell 4.17% to close trading session at $ 51.96 before the weekend of July 4. The recent short squeeze is definitely running out of gas after AMC’s parabolic price rise sent the stock higher than the underlying fundamentals of the company can reasonably support.

Stay up to date with hot stock news!

One investment firm that will certainly agree with this statement is Iceberg Research, a notorious short seller who revealed on Friday that he now holds a short position in AMC.. While it is risky to disclose short positions in a stock even these days, Iceberg lead investor Arnaud Vagner believes that resorting to calls in the hope of gamma compression n is not sustainable, stating that the volume of call options is steadily decreasing. Vagner also recalled AMC’s fundamentals, citing that the company still has hurdles for the movie industry to always return to pre-pandemic levels.

AMC stock forecast

With the announcement of the Robinhood retail platform going public in the near future, many in the industry are calling for an end to the memes phenomenon.. According to some analysts, the peak of the crypto markets came when Coinbase (NASDAQ: COIN) went public, and the same is expected to happen to stocks even once Robinhood goes public. With stricter regulations for state-owned companies and shareholder satisfaction, it would be best for Robinhood to prevent these controversies from continuing.