On July 2, shorting agency Iceberg Research tweeted that it was shorting$AMC Cinema Line (AMC.US) $.
Iceberg Research later stated:”$AMC Cinema Line (AMC.US) $This round of gains was driven by call options, which is unsustainable, and we are not accusing the company of fraud.”
As of press release, the AMC cinema line has dropped more than 9%. Previously, it fell more than 10%, and is now reported at 49.086 US dollars.