• Thousands of investors got creamed trying to snatch cheap shares of MoviePass' parent company during its epic meltdown

    1 month ago - By Business Insider

    MoviePass owner Helios & Matheson 's stock has declined by 99.99% since it first acquired the movie service last year.
    As the stock was falling, investors on Robinhood were snapping up shares.
    The stock is now worth $0.03 and Robinhood has barred anyone from buying more shares.
    Follow HMNY's stock price in real-time here.
    As shares of Helios & Matheson - the parent company of MoviePass - plunged to near zero this summer, investors on the free trading-app Robinhood kept piling into the stock.
    Facing a crunch for cash in July, with its share price already below $1 and risking being delisted...
    Read more ...

     

  • Thousands of investors got creamed trying to snatch cheap shares of MoviePass' parent company during its epic meltdown

    Thousands of investors got creamed trying to snatch cheap shares of MoviePass' parent company during its epic meltdown

    1 month ago - By Business Insider

    MoviePass owner Helios & Matheson 's stock has declined by 99.99% since it first acquired the movie service last year.
    As the stock was falling from $32 to near zero, investors on Robinhood were snapping up shares.
    The stock is now worth $0.03 and Robinhood has barred anyone from buying more shares.
    Follow HMNY's stock price in real-time here.
    As shares of Helios & Matheson - the parent company of MoviePass - plunged to near zero this summer, investors on the free trading-app Robinhood kept piling into the stock.
    Facing a crunch for cash in July, with its share price already below $1 and...
    Read more ...