Frederic J. Brown | AFP | Getty Images— and the stock's large swings in either direction — has captivated the Street this week, but Barclays said the short squeeze won't have larger ramifications for the market.
"The ongoing short squeeze in a few stocks by retail investors has raised concerns of a broader contagion," the firm said Friday in a note to clients. "While we believe there is more pain to come we remain optimistic that it is likely to remain localized." The fear is that the stresses caused by the short squeeze could ricochet to the broader market as shorts are forced to sell.Related Tags
Pro
Pro Best keep your head down and mouth shut. Ok.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: