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The much-anticipated Reddit IPO is finally here—and several executives from the social media company’s upper ranks are expected to make a tidy sum once shares begin trading Thursday. Reddit ...
The populist trading rally, organized in online forums such as Reddit's WallStreetBets, has helped attract a flood of retail cash into stocks such as GameStop, burned hedge funds that had bet ...
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
The run-up in the stock price has dramatically increased its valuation, leaving investors to question whether they are too late.
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
By the end of 2011, Stevenson claims he had become "Citibank's most profitable trader" (a claim which has been disputed by many former Citibank colleagues [16]) by trading based on the prediction that interest rates would not rise due to the impact of wealth inequality upon demand, [3] [5] he believed the wealthy tended to save their money ...
However, Reddit stocks hail from a variety of industries and market sectors, with market caps of varying sizes. They can range from S&P 500 companies like Tesla to cannabis company Canopy Growth Corp.
Market makers that stand ready to buy and sell stocks listed on an exchange, such as the New York Stock Exchange, are called "third market makers". Many OTC stocks have more than one market-maker. Market-makers generally must be ready to buy and sell at least 100 shares of a stock they make a market in.