Reddit users push up glove stocks | The Malaysian Insight

BursaBets’ founder says the current price of glove stocks is undervalued and wants the market to realise that the companies deserve better. – EPA pic, January 30, 2021.

MALAYSIAN retail investors joined forces on social media and pushed up stocks of under-pressure rubber glove makers yesterday, taking inspiration from the recent GameStop trading phenomenon in the US. Shares of the US video game shop chain surged from less than US$20 to a peak of US$492 earlier this week, after millions of amateur investors active on online forum Reddit rallied together to punish short sellers by sending prices soaring.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Buoyed by stock market mania, Reddit raises fresh capital | Malay MailWASHINGTON, Feb 9 — Reddit, the online bulletin board at the centre of the recent stock market frenzy, said today it had raised some US$250 million (RM1 billion) at a reported valuation of US$6 billion to fuel expansion of the service. With some 50 million daily users, Reddit remains one of the...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »

Five things to watch in Reddit stocks trading mania | Malay MailNEW YORK, Feb 2 — Silver dropped more than 4 per cent today and GameStop Corp sank 33 per cent in early European deals, raising questions about how long a social media-fuelled trading frenzy in stocks and other assets would last. The populist trading rally, organised in online forums such as...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »