) continued their slide into premarket trading on Thursday, as the euphoria over the return of “Roaring Kitty,” who was the central figure in 2021 meme stock rally, fizzles out.
Despite the losses on Wednesday, the two companies were among the top three most-traded shares by retail investors during the session, data from J.P.Morgan showed, a position they have held every day this week. But unlike 2021 when Reddit users banded together to target highly shorted stocks that burnt bearish hedge funds, this time retail and institutional investors were part of the meme stock mania, Vanda Research, which tracks retail investor flows, said.. He did not respond to a Reuters request for comment on what the posts mean and whether he planned on making his investments public again.
Retail purchases of GameStop eased to $5.7 million in the previous session from $15.9 million on Tuesday, which was the highest this year, Vanda data showed.
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