Hedge Fund Renaissance Technologies Ended Q1 With Over 1M Shares In GameStop; Increased Stake In AMC By 78% In Q1, To 8.7M
Portfolio Pulse from Benzinga Newsdesk
Hedge Fund Renaissance Technologies ended Q1 with over 1 million shares in GameStop and increased its stake in AMC by 78% to 8.7 million shares, according to an SEC filing.
May 15, 2024 | 4:25 pm
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POSITIVE IMPACT
Renaissance Technologies increased its stake in AMC by 78% in Q1, now holding 8.7 million shares.
The substantial increase in AMC holdings by Renaissance Technologies indicates a bullish outlook, likely leading to positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Renaissance Technologies ended Q1 with over 1 million shares in GameStop, indicating strong confidence in the stock.
The significant holding by a prominent hedge fund like Renaissance Technologies suggests strong confidence in GameStop, likely leading to positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100