MiscellaneousNews

AMD Short-Sellers Lose Over USD $2.67 Billion

LOL! Those who were short selling and made bets that AMD’s stock would fall lost a total of USD $2.67 billion (year to date). Suckers!

Not long ago, droves of cybersecurity research-backed short-sellers wrote obituaries of AMD after buying themselves shorting positions against the AMD stock on the backs of “Spectre-rivaling” security vulnerabilities comically named “Ryzenfall,” et al. With AMD stock closing at 12-year highs of above $25.26 on Monday, those short-sellers (who now have to cough up interest on their shorting positions), bled $177.5 million in a single day. On Monday’s peak stock price, short-sellers were a staggering $370 million down in the gutters. AMD’s gains throughout 2018 impoverished short-sellers by over $2.67 billion.

Source: TPU

 

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