A rally across all asset classes powering the S&P 500 to its best month in over a year has finally caught the attention of retail investors. The same traders who created the so-called meme-stock mania, with big bets on speculative companies, are back. And they are piling into the market’s favorite stocks — think Amazon.com … Read more
NEW YORK: More than a year after retail investors, aided by social media, forced an epic squeeze of a handful of heavily shorted stocks, a few of the famous “meme” stocks were back in the fast lane this week. GameStop Corp surged 14.5% on Wednesday and AMC Entertainment Holdings ended the session up 13.6%. While … Read more
2021 was quite the year for Wall Street. Despite constant Covid and inflation-related headwinds, the S&P 500 clocked more than 25 per cent returns in the year. To add to it, 2021 not only saw the highest IPO volumes on Wall Street since 2000, but also saw huge retail trading volumes during the Gamestop and … Read more
By Bailey Lipschultz Robinhood Markets Inc. has officially become a meme stock, and this week’s wild ride could be just the beginning if legions of amateur investors pull money from their old favorites to buy more shares while insiders are dumping them. The trading app that helped fuel the memeification of the stock market soared … Read more