[New post] AMC Fails to Deliver Skyrocket 1940% to Start Year
tremendousblog posted: " Never miss a post...subscribe! https://media.giphy.com/media/6yexllHTNgtEu3xvmw/giphy.gif Well, I hate to say I told you so. Fails to deliver in shares of AMC Entertainment Holdings, Inc. skyrocketed to begin 2022, after falling to low le"
Fails to deliver in shares of AMC Entertainment Holdings, Inc. skyrocketed to begin 2022, after falling to low levels at the end of last year. 20,071 shares failed to clear by January 14th, the latest day in the data set just released from the SEC.
This is a 1,940% increase from December 31st, 2021. As I predicted then, the failed trades quickly popped back up to high levels in the new year.
This is a common pattern in AMC stock. Fails to deliver drop at the end of a month, only to jump right back up to absurd levels shortly thereafter.
Let's compare AMC's fails to deliver on January 14th to some of the biggest stocks in the market:
Microsoft Corp: 0
Apple Inc: 100
Amazon.com Inc: 1,430
Berkshire Hathaway Inc. Class B Shares: 164
AMC Entertainment Holdings Inc: 20,071
Why does little old AMC have fails to deliver orders of magnitude greater than these much larger companies?
When there is a consistent pattern of large numbers of failed trades in a stock, it can be indicative of naked short selling. This involves selling short shares you don't own.
It's a powerful tool to push down the price. Naked shorting tends to cause fails to deliver because, since the shares never existed, the trade cannot settle.
I've written about this issue for months. Still, the SEC has done nothing.
I think only a major public outcry for an investigation will change things.
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