#REDDIT STOCKS PROFESSIONAL#
Shares in the company soared over 500% at one point, creating huge profits for some amateur investors who sold up and devastating losses for professional hedge funds who had shorted the stock and were left exposed. They thought the market was undervaluing the "bricks-and-mortar" computer game store, and rallied around it, forcing the price of the stock upwards with their purchases. But please, read the sidebar rules before you post.
The wild ride began in January 2021 when t he struggling video game retailer saw an unprecedented rise in its share price.Īmateur, or retail investors, communicating through social media, particularly on Reddit's WallStreetBets community, created a surge in interest in the company. Welcome on /r/stocks Don't hesitate to tell us about a ticker we should know about, market news or financial education. The clash of amateurs and traditional Wall Street investors was a key feature of the GameStop drama last year - with many Reddit investors citing the fallout from the 2008 financial crash as motivation for challenging the status quo. A crowd that large can collectively unearth a ton of investment ideas, and while those traders may sometimes focus on potential short-term opportunities of questionable long-term value, I see two. Reddit Stock To Buy TodayThe banking giant is acquiring 92 billion in insured and uninsured deposits and will assume 173 billion in loans as well as 30. On Thursday, shares in Bed Bath & Beyond tumbled more than 20% after famed meme-stock investor Ryan Cohen revealed that he intended to sell his entire stake of almost 12 per cent in the company.įrenzy conjures memories of GameStop drama that cost Wall Street billions 13 Posted by u/StockPicksNYC 15 hours ago AUVI moving up today, check financials vs marketcap 1 comment 1 Posted by u/CopyTradingForum 4 hours ago StockHero Review Is this the best AI trading platform buystocks.ai/stockh. Early in 2021, a group of traders on a Reddit forum called. By Tuesday this week the stock had soared to more than $27 (£22.81) a share amid huge online attention.Īs the stock surged, he sold more than $130m (£109.8m) worth of stock, earning a profit of around $110m (£92.8m). Just look at what happened earlier this year to online chat groups focused on trading stocks. Mr Freeman bought his stake at under $5.50 (£4.65) a share.
Shares in the company had recently plummeted amid poor performance and the ousting of its chief executive.
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