Factbox: Stocks shunned by Wall Street surge as 'GameStop Effect' snowballs

Factbox: Stocks shunned by Wall Street surge as 'GameStop Effect' snowballs

3 years ago
Anonymous $K6XgmDN5_o

https://www.reuters.com/article/us-gamestop-hot-companies-factbox/factbox-stocks-shunned-by-wall-street-surge-as-gamestop-effect-snowballs-idUSKBN29W2T1

Amateur stock traders made a concerted effort to buy shares of companies shunned by Wall Street, challenging short positions by hedge funds, and costing some professionals billions of dollars on their bearish bets and inflating stock valuations.

Factbox: Stocks shunned by Wall Street surge as 'GameStop Effect' snowballs

Jan 27, 2021, 10:39pm UTC
https://www.reuters.com/article/us-gamestop-hot-companies-factbox/factbox-stocks-shunned-by-wall-street-surge-as-gamestop-effect-snowballs-idUSKBN29W2T1 >Amateur stock traders made a concerted effort to buy shares of companies shunned by Wall Street, challenging short positions by hedge funds, and costing some professionals billions of dollars on their bearish bets and inflating stock valuations.