Why this former NYSE trader bought shares of AMC, Affirm and Moderna on Tuesday?

Veteran trader David Green was back live trading on Benzinga Tuesday morning, and the old trader made some trades in some big names like Confirm Holdings Inc (NASDAQ: AFRM), AMC Entertainment Holdings (NYSE: AMC) and Moderna Inc (NASDAQ: MRNA).

AMC’s shares had a strong day on Monday, after Walt Disney Cos (NYSE:DIS) announcement that the rest of Disney’s 2021 movies will have exclusive in-theatre premieres.

On Tuesday, AMC’s shares opened about 1.5%. Green issued an order to buy 100 shares of AMC for $49.20.

I like this level here in AMC, said Green. This is starting to be a nice trade.

Live Trading with David Green is a morning exchange in which David trades the open live on Benzinga. The show airs Monday through Wednesday at 9:25 a.m. ET on BenzingaTV.

Shares discussed on the show

Modern

Modernas stock opened higher on Tuesday and continued to trade strongly throughout the morning. The stock rose a whopping 3.9% on Tuesday, trading around $436 per share. Pointing to the strength in the Modernas chart, Green placed an order to buy the stock at $414 before it ripped to the $430 level.

Confirm

Confirms that the stock pulled back on Tuesday morning, falling about 3% from Monday’s close. Green placed an order to buy the dip in Affirms shares at $103.40. The stock eventually bounced and traded higher, currently around $112 a share.

Green usually executes fast day trades on both the long and short sides. When a stock hits one of its pivots, it initiates a buy order with a tight stop loss.

Watch the full episode in the clip below, or click here to watch.

About the show:

Benzingas Wall Street Global Trading Academy follows Wall Street veteran David Green as he trades live in the open market, breaking what he trades today. The show streams live Monday through Wednesday at 9:25 a.m. ET on Youtube of Benzinga, Twitter, and twitch.

About the host

David Green is a 30-year veteran of Wall Street, of which 13 years as a specialist on the New York trading floor. Since retiring, Green has devoted his time to helping retailers. Green, together with fellow floor trader Peter Tuchman, built a full-fledged trading course, Wallstreet Global Trading Academy. For more information about the course, click here or follow it up Facebook.

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