Explainer: How retail traders squeezed Wall Street for bets against GameStop

Explainer: How retail traders squeezed Wall Street for bets against GameStop

3 years ago
Anonymous $K6XgmDN5_o

https://www.reuters.com/article/us-retail-trading-gamestop/explainer-how-retail-traders-squeezed-wall-street-for-bets-against-gamestop-idUSKBN29W2NC

A surge of retail stock trading over the last year lit the fuse that sent shares of GameStop Corp rocketing higher without a clear business reason, market watchers say, squeezing hedge funds that had bet against the video game retailer and other companies that were out of favor on Wall Street.

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