AMC is still alive and well. It definitely didn’t go to the moon on Friday the 18th. Nor did it crater. So what’s the next move?

Thanks for tuning Bros nation. This is your big bro, Stevie Bee for Money Talk Sundayz and I want to know for those of you no the AMC wave, how is it going? Hit that like button on the way in and if what you see and hear today speaks to you, hit subscribe and share this video with your fellow apes and degenerates. 

AMC.

Quad witching was pretty anti-climatic in my opinion when it comes to the AMC stock. Based on all the talk and the moves that were being made it seemed that something monumental was going to happen as contracts ended Friday. Shares of AMC slipped a little closing Friday at $59.26. It was a dip of 2.42%. Hardly earth-shattering or news-worthy on any other day. And Friday was like any other normal trading day for the so-called “meme stock”. 

The market as whole had a dismal trading session Friday with the Dow Jones dropping more than 500 points. It was the Dow Jones’ worst weekly loss since October of 2020. For the week, the Dow was down 3.5% closing at $33,290.08. 

AMC was down $13.36 from its 52-week-high of $72.62 which the company 16 days earlier on June 2nd. The trading volume for AMC did eclipse its 50-day average volume of 170.0M. The trading volume for Friday was 241.7M. Based on current chart projections AMC is far above its resistance level as retail investors look to continue the surge. 

All in all, the end of the quarter didn’t kill off AMC. It is still over-valued but investing in AMC is about more than fundamentals. There is a cause behind it. Financial activists are weaponizing stocks such as AMC to level the playing field for the average investor while also walking away with a nice piece of change. 

So what about you? Do you have shares in AMC? Are you holding until it goes to the moon? Do you have a price target set to sell the shares? Do you believe in the cause that is catapulting stonks like GME and AMC? Let me know in the comment section. If you are in the know share the details with the rest of us. We’re all trying to eat. Let us know!

Anyway, that’s all I have to share on AMC. Thanks for tuning in. I’m the big bro Stevie Bee, one half of the Investment Bros, for Money Talk Sundayz. The marathon continues.