Meme Stocks’ Latest Frenzy Isn’t About a Short Squeeze

  • 📰 WSJ
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Meme stocks such as GameStop and Clover Health have made a comeback, with one big change: This time, short sellers aren’t big players

another meme stock that has surged over 1900% this year, the picture is more cloudy. The number of shares being shorted has risen, but the ratio relative to its shares outstanding has fallen to about 20%, from a peak of over 24% in early January. The movie-theater chain has sold over 100 million shares since January andStill, the data suggests that investors like hedge funds aren’t crowding into trades betting on the prices of meme stocks falling..

Investors like hedge funds could be buying certain stocks to try to trigger this phenomenon, which is known as a gamma squeeze, said Helen Thomas, founder of Blonde Money, a U.K.-based financial research firm. Some individual investors are also trading options and posting screenshots of their positions on Reddit forums.Wall Street is in an uproar over GameStop shares, after members of Reddit’s popular WallStreetBets forum encouraged bets on the video game retailer.

“It cuts two ways: It creates crash ups, but if those stocks begin to trade lower, the dealers then sell,” said Charlie McElligott, a cross-asset strategist atMany Reddit users show no signs of worrying that the upward trajectory of meme stocks may abruptly reverse. Clover Health has become a favorite in recent days for people determined to engineer another battle against hedge funds, sending its stock up roughly 59% this week.

This time around, short sellers may be more cautious about going up against retail traders, whose wagers generally ignore metrics like the profit and sales outlook.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 98. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

The New Meme Stocks: Clover Health Hits Record High—And Then Falls—As Reddit Mania IntensifiesShort interest in Clover Health is higher than AMC and GameStop combined—making it one of a few new Reddit favorites.
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »

Meme stocks stumble after GameStop discloses SEC probe into the frenzyThe big meme stocks all took a hit in after-hours trading Wednesday as GameStop discloses SEC probe and willingness to fully cooperate with the regulator's... The Reason the SEC is probing GME is because of naked short selling. Speaking of naked short selling, Hedge funds are currently shorting every ETF containing GME in after hours to scare people out. More fuel for the rocket! 🚀 GME to the moon! 🚀 WeOwnTheFloat AMCSqueeze Why in the title your misleading people to think that the Sec is probing the retail investor? NakedShorts
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

Meme stocks and a booming market: How household net worth doubled in the past decadeThe total balance sheet for households and nonprofits rose to $136.9 trillion in the first quarter, a 3.8 percent gain from the end of 2020. All good when getting in at the bottom..
แหล่ง: NBCNews - 🏆 10. / 86 อ่านเพิ่มเติม »