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Why AMC Entertainment, FuboTV, and SmileDirectClub Rocketed Higher This Week

·5 min read

Shares of meme stocks AMC Entertainment Holdings (NYSE: AMC), fuboTV (NYSE: FUBO), and SmileDirectClub (NASDAQ: SDC) were big winners this week. Big bounces can happen when your stock has been beaten down and is heavily shorted, as these three were. SmileDirectClub is down 74%, with 21% of its shares sold short.