“F*CK THE SHORTS. This stock has so much short interest it is the next GME [GameStop] to squeeze,” Reddit user PlatinumHandz wrote of AMC Tuesday. “AMC to the moon boys!” wrote Twitter user Philo488 Wednesday, alongside some rocket emojis. “Do not sell. Let’s bankrupt another ...
Nokia, BlackBerry, and Bed Bath & Beyond are also seeing stock rises that are likely linked to this Reddit group. Nokia stock is currently trading up 63 percent, with BlackBerry up 17 percent, and Bed Bath & Beyond up 35 percent. The mob of investors are taking part in this incredibly ...
AMC stock launched more than 300% higher on Wednesday — but then tumbled after-hours — in a chaotic day for a few heavily shorted stocks that have become a battleground for smaller investors and bigger ones betting those stocks will drop. The stratospheric rise and fall of those stocks, ...
Between the close of markets on Friday and Wednesday, AMC stock has rallied 61.7%. AMC Daily Price Chart Source: IG The suggestion that Reddit would be a great research tool was questioned by some. There was the threat of regulators becoming heavy-handed about internet chat rooms ...
with equal braggadocio. Tesla has been a particular favorite stock (or "stonk" in the forum's slang) of the group, and the market value of the automaker has skyrocketed over the last year to what many consider to be a wholly irrational price (by one estimate,it would take 1,600yearsfor...
Meanwhile, Google searches for “invest” and “buy stocks” have fallen back to pre-pandemic levels, in what DataTrek co-founder Nicholas Colas said is an ominous sign for the meme stock rally. "Bubbles need fresh money, or they deflate. Quickly," wrote Colas in a Thursday research note...
Red-hot GameStop stock slipped on Thursday, but it rebounded in after-hours trading. The three major U.S. indices posted gains at market close, mounting a comeback from the previous day's slump. Members of the WallStreetBets community on Reddit, which reportedly has nearly doubled in m...
announcement was a coordinated campaign from sites like Reddit to pressure short sellers who were counting on an AMC bankruptcy. This campaign is referred to as a short squeeze because it requires traders who are short the stock to buy it back at higher prices, driving the price to parabolic ...
The move has infuriated members of the WallStreetBets subreddit. A top post on the subreddit this morning calls the decision“market manipulation,” with angry comments calling for users to “dump robinhood for good” and lamenting the ensuring fall in stock prices that shortly followed the anno...
(BB)and a bunch of other stock picks from the WSB group are soaring is because the way people trade stocks has changed dramatically. No-fee apps like Robinhood democratize access to financial markets. Who needs high-paid Wall Street analysts when you can get stock tips for free on Reddit?