It Isn’t Just AMC. Retail Traders Increase Pull on the Stock Market.

  • 📰 WSJ
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Nonprofessional investors have driven up the stock prices of companies ranging from GameStop to AMC, and are continuing to upend financial markets and build on their forceful entrance into the trading arena last year

Here are four ways individual investors continue to shape every corner of the U.S. market.For years, individual investors’ trading activity rarely made a splash on Wall Street. That started to change in 2019, when online brokerages moved en masse to commission-free trading. The Covid-19 pandemic furtherlast year, allowing those stuck at home to try their hands at trading through historic market volatility.

Those figures have edged down since January, but Mr. Tabb expects individual investors’ elevated levels of activity to last. Take, for example, a basket of meme stocks that feature prominently on Reddit’s WallStreetBets platform. Data from VandaTrack shows that investors moved into the basket—which features companies including GameStop, AMC andInflows into the basket have surged again in recent weeks, but already, data shows, the tide is turning. The price of the basket has fallen 17% over the past week, Vanda Research said in a note Wednesday morning, as flows into the stocks have also begun to slow.

Among individual companies, short interest has fallen precipitously. GameStop’s short interest currently hovers around 21%, compared with more than 100% last year and at the start of the January meme-stock trading frenzy, according to Dow Jones Market Data. Several other meme stocks popular on social media have seen short interest decline substantially.

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:

 /  🏆 98. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

you mad bro? GameStop wallstreetbets wallstreetbets AMC_TV

Are the terms 'Nonprofessional investor' and 'individual investor' synonymous? This article seems to use the terms interchangeably.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RBC makes a bet on Jack in the Box, but traders prefer these two chain stocksRBC Capital Markets is making a bullish call on Jack in the Box, but our traders have different restaurant chains on their radar.
Source: CNBC - 🏆 12. / 72 Read more »

Palantir CEO has a simple reason company’s stock draws Reddit crowd: ‘We respect the intelligence and the rigor of what is typically called individual investors’Palantir's CEO says the company respects institutional investors as much as the retail crowd. “We speak [in] clear English about what we are going to do ... we respect the intelligence and the rigor of what is typically called individual investors.' 🤥
Source: MarketWatch - 🏆 3. / 97 Read more »

Explaining the volatile stock and bond market moves this week following the Fed's updateThe Fed unleashed a huge repositioning in markets, as investor reacted to a world where the central bank no longer guarantees its policies will remain easy. good luck
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens FridayU.S. stock futures fell Friday as the Dow looks to avoid its first five-session losing streak since January.
Source: CNBC - 🏆 12. / 72 Read more »