Monthly information concerning the total number of voting rights and the total number of shares of the Company as of March 31, 2021

Bloomberg

Meme Stocks, SPAC bounce: ‘Reddit raiders are at it again’

(Bloomberg) – Investors are rediscovering their appetite for speculative fringes of the market. and AMC Entertainment Holdings Inc. – the poster children of this year’s Reddit boom – are booming. Interest in special purpose acquisition companies has resumed with Chamath Palihapitiya’s blank check firms leading the way. And Bitcoin and Ether are on the rise after last week’s cryptocurrency bonfire. While the catalyst is unclear, retail traders appear to be driving the action. Dealers are plastered all over social media with individual investors trying to pump their bets on Twitter, Reddit’s WallStreetBets, and Stocktwits discussion boards. AMC was among the most actively traded stocks on Wednesday. “It seems retail-oriented to me.” Memes Are Forever As the S&P 500 is practically flat this month, shares of Reddit favorites GameStop and AMC are skyrocketing. Including Wednesday’s gains, GameStop is up 40% in May while the AMC has jumped 95% over the same period. The stock pair has been among the top performers in a basket of 37 so-called stocks. followed by Bloomberg in May. . As a group, Wednesday’s 7.7% rally marked its best session since the retail mania gripped the market in March. -market losses this year, according to S3 Partners. With the movement of retail investors picking up momentum and with both stocks having high short interest, there is potential for short-term squeeze, said S3 Partners CEO of predictive analytics Ihor Dusaniwsky, by email. the strength of the stock price, ”he said. They had seen mark-to-market losses of around $ 475 million for the month of May alone before the last spike, according to data from S3 Partners. Nearly half of the record volume of the initial public offering in 2021.Virgin Galactic Holdings Inc., a space tourism company that merged with one of Palihapitiya’s SPACs, jumped 22% this month after a sharp decline earlier this year. The gains in the stock, popular with day traders, came after a successful test flight and could breathe new life into the once hot SPAC market. Openoor Technologies Inc., another SPAC associated with Palihapitiya, has surged in recent days after have fallen. at its lowest level since August. Meanwhile, two closely watched SPAC ETFs – the Defiance Next Gen SPAC Derived ETF (SPAK) and Morgan Creek-Exos SPAC Originated ETF (SPXZ) – are both up more than 10% from the lows at the start of the month. the brothers have taken investors on a wild journey this month. As Bitcoin fell 54% from its February high, more than 700,000 traders saw their accounts liquidated within 24 hours, according to data from Bybt.com. Many fans of the notoriously volatile asset class used the decline as a buying opportunity. Bitcoin, the world’s largest digital asset, is off its all-time high of nearly $ 65,000. But he managed to recover gains from a recent low of around $ 30,000. On Wednesday it hovered around the $ 40,000 level, meaning it is up about 30% from that low a week ago. Meanwhile, the second largest Ether cryptocurrency is up about 58% from its May low of $ 1,732. (Updates to S3 data in seventh paragraph.) More stories like this are available on source bloomberg.com. © 2021 Bloomberg LP


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