Advertisement
Singapore markets open in 2 hours 1 minute
  • Straits Times Index

    3,300.04
    -3.15 (-0.10%)
     
  • S&P 500

    5,187.70
    +6.96 (+0.13%)
     
  • Dow

    38,884.26
    +31.99 (+0.08%)
     
  • Nasdaq

    16,332.56
    -16.69 (-0.10%)
     
  • Bitcoin USD

    62,865.70
    -630.00 (-0.99%)
     
  • CMC Crypto 200

    1,306.88
    -58.25 (-4.27%)
     
  • FTSE 100

    8,313.67
    +100.18 (+1.22%)
     
  • Gold

    2,322.60
    -1.60 (-0.07%)
     
  • Crude Oil

    78.38
    0.00 (0.00%)
     
  • 10-Yr Bond

    4.4630
    -0.0260 (-0.58%)
     
  • Nikkei

    38,835.10
    +599.03 (+1.57%)
     
  • Hang Seng

    18,479.37
    -98.93 (-0.53%)
     
  • FTSE Bursa Malaysia

    1,605.68
    +8.29 (+0.52%)
     
  • Jakarta Composite Index

    7,123.61
    -7,135.89 (-50.04%)
     
  • PSE Index

    6,618.58
    -33.91 (-0.51%)
     

Why AMC Entertainment, FuboTV, and SmileDirectClub Rocketed Higher This Week

Shares of meme stocks AMC Entertainment Holdings (NYSE: AMC), fuboTV (NYSE: FUBO), and SmileDirectClub (NASDAQ: SDC) were big winners this week. Big bounces can happen when your stock has been beaten down and is heavily shorted, as these three were. SmileDirectClub is down 74%, with 21% of its shares sold short.