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Mudrick Capital takes massive hit on AMC shares as short bet backfires

Mudrick Capital takes massive hit on AMC shares as short bet backfires

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A big hedge fund’s complicated mix of bets on shares of AMC Entertainment has reportedly backfired, spurring a loss that tanked its value by 10 percent. Mudrick Capital – which made a tidy profit earlier this month for purchasing $230.5 million in AMC shares then selling the entire stake just hours later, saying the stock.

...read full article on New York Post

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