Retail investors sold the stocks they bought during COVID trading boom

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

South Africa News News

Retail investors have sold all of the stocks they bought during the pandemic trading boom

But it appears the steep sell-off in speculative stocks that began in February 2021 and continued all the way through the end of 2022 has taken its toll on retail investors, combined"Retail net selling activity has accelerated over the past six months. In aggregate, selling over the past eleven months has completely reversed all the net buying in single stocks from 2019 to 2021," Goldman Sachs said.

The bank's analysts based their research on the net buying activity of retail investors through its trading desk, which identifies trades that go through Payment for Order Flow channels, according to the note. A similar story can be told about the crypto sector, which has erased more than $2 trillion in market value from its peak as scandal after scandal dents trust in the space. According to a recent note from

 

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

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Some retail tenants look to aggressively expand in 2023 - San Francisco Business TimesDespite lingering uncertainty in the economy, some retailers are preparing to roll out robust expansion plans in 2023 and subsequent years.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Some retail tenants look to aggressively expand in 2023 - Jacksonville Business JournalDespite lingering uncertainty in the economy, some retailers are preparing to roll out robust expansion plans in 2023 and subsequent years.
Source: JaxBizJournal - 🏆 599. / 51 Read more »