How Reddit traders fueled a chaotic week for GameStop's stock price - Business Insider

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Inside GameStop's chaotic week in the stock market, which saw Reddit day-traders revolt against a renowned short-seller and send shares spiking

is a perennial favorite in the forum, partially due to Elon Musk's unconventional humor and online presence.

GameStop has been different. Shares fluctuated around a new support level of $39 at the start of the week. At the same time, more and more posts on WallStreetBets urged traders to hold off on selling and keep the rally alive. The buying frenzy intensified further on January 19 when renowned short-seller Andrew Left of Citron Research revealed his bearish take on the stock. Left tweeted he would live stream on Wednesday and give five reasons why GameStop would crash to $20.

 

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