A web application called stonk o tracker amc was developed by an unidentified developer who claims to truly enjoy stocks. So-called “meme-stock” buyers have shown a lot of interest in it on Reddit, Twitter, and YouTube. The tracker was referred to as “a laugh website, created for and by apes” by a number of people.

AMC Stonk

At first, a bar in orange with the words “Stonk time in 7 hours 19 minutes and 54 seconds” will be visible. Fair enough, that one is simple to explain: It’s a countdown to the New York Stock Exchange’s (NYSE) opening. Also, look just below that left-hand bar; The NYSE has a heading that charges $12.78. During the time that the New York Stock Exchange was closed, AMC’s stock cost that much. SSR also stands for “opportunity uptick rule,” which is an abbreviation for “brief sale restriction.”

This standard safeguards shares from relentless short-selling by denying shorts while stock has dropped by 10% or extra from the former trading day. Therefore, inside, the SSR is approximately $11.50, which is approximately ten times less than AMC’s NYSE final fee of $12.78. The heading “FRA” on Stonk-O-Tracker denotes the fee for Stonk O Tracker AMC stocks traded on the Frankfurt Stock Exchange.

The FRA is Europe’s largest stock exchange, and the cost is shown in Euros. “Calls ITM Expiring” may be a phase on Stonk-O-Tracker. This phase displays the number of name alternatives in the AMC inventory that are “In The Money” on a particular date. People usually just call a name option a name. enables an investor to search for a favorable date for a percentage at a fixed fee.

Indication from the tracker:

The charge will be less than what it would cost to buy that percentage on the open market if that date comes. The funds contain the proprietor. could maintain the distinction. Stonk-O-Tracker informs AMC and GME traders of the quantity of each company’s stocks that can be borrowed quickly.

These short sellers will pretend to borrow stocks from a broker, wait for the share price to fall, and then sell them back to the broker for profit.