NEW YORK (AP) — Meme stocks are shaking Wall Street once again. That shouldn't be much of a surprise. Ever since bands of smaller-pocketed and novice...
Some things are different this time. The biggest change from the initial supernova for GameStop's stock is how the experience of 2021 makes this all feel familiar. That familiarity, plus some changes in the market, should allow Wall Street to more easily digest the movements without danger to the overall system, experts say.
Big hedge funds and other professional investing firms are better equipped to handle the situation this time around, he said, and they could be riding the wave higher with small-time investors before trying to exit the trades before them, which could leave those smaller-pocketed investors holding the risk.
GameStop in March had roughly 305.9 million shares of its stock trading in the market, more than four times the number of shares it had in March 2021. Such growth “greatly increases the amount of activity needed to squeeze higher" for GameStop and other meme stocks, Battista said. “Can they move higher? Sure, but it’s going to be a tougher task this time around.”It's important to know the momentum can shift just as suddenly the other way.
The stock market is about to see a 10% correction, with further disinflation a 'pipe dream' and Fed rate cuts coming much later, Stifel says
Volatile Stocks AMC Entertainment Novice Investors Meme Stocks Professional Investors
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jon Stewart’s Stunned Reaction At New York Knicks Game Is An Instant MemeKimberley Richards is a Trends Reporter at HuffPost.
Read more »
Trump again attacks New York prosecutor, floats economic plans at New Jersey rallyExplore stories from Atlantic Canada.
Read more »
Trump again attacks New York prosecutor, floats economic plans at New Jersey rallyExplore stories from Atlantic Canada.
Read more »
New York Islanders clinch playoff spot with 5-1 win over New Jersey DevilsThe Isles will make the playoffs for the fifth time in the past six seasons.
Read more »
Lawsuits under New York's new voting rights law reveal racial disenfranchisement even in blue statesA new voting rights law in New York is already having a dramatic effect, with lawsuits in several local communities seeking to reverse decades of voter...
Read more »
Harvey Weinstein's 2020 rape conviction in New York overturnedNEW YORK, NEW YORK - FEBRUARY 20: Harvey Weinstein enters a Manhattan court house as a jury continues with deliberations on February 20, 2020 in New York City.
Read more »