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...

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