AMC Jan 2024 70.000 put
- Editor's pickYahoo Finance
Ray Dalio's Bridgewater dumps Tesla, bets on meme stocks AMC and GameStop
Ray Dalio's Bridgewater Associates, the world's largest hedge fund, has parted ways with its stake in Tesla and placed new bets on meme-stocks AMC and GameStop during the first quarter.
- Editor's pickYahoo Finance Video
Ray Dalio’s hedge fund dumps Tesla stock, buys up meme stocks
Yahoo Finance’s Alexandra Semenova joins the Live show to discuss Ray Dalio’s Bridgewater hedge fund dumping Tesla stock.
- Motley Fool
Why AMC Entertainment Is Rising Today
AMC Entertainment Holdings (NYSE: AMC) started off in a hole on Monday morning, dropping 2.4% out of the gate, but then, as they like to do, traders sent shares soaring, up 10% to a high of $12.66 per share. Despite a better-than-expected performance in the first quarter, AMC's stock has not benefited from the improved results. Heading into the summer box office season and with a slate of big-ticket movies scheduled to be released throughout the second half of the year, AMC believes it can achieve parity with 2019 revenue and generate positive operating cash flows by the end of the year.
