Markets: Robinhood to allow ‘limited purchases’ of previously restricted stocks as it happened Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities.
Join over 300,000 Finance professionals who already subscribe to the FT. Choose your subscription
3 Min Read
NEW YORK (Reuters) - 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.
FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File Photo/File Photo
The GameStop effect has snowballed, with a number of downtrodden stocks surging thanks to the buying frenzy that started with GameStop. Heavy buying by retail investors sent shares of the video game retailer soaring, forcing big funds including Andrew Left’s Citron to cover short positions, incurring hefty losses.
NYダウ続落633ドル安、3カ月ぶり下落幅 :日本経済新聞 nikkei.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nikkei.com Daily Mail and Mail on Sunday newspapers.
Author Bio
Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool s Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan s articles are based on more than 20 years of experience from all angles of the financial world.
Follow @DanCaplinger
The stock market got off to a strong start on Monday, but by the end of the day, major market benchmarks were mixed. As we ve seen a lot recently, the
Nasdaq Composite (NASDAQINDEX:^IXIC) managed to hold onto some of its gains, with its concentration of technology and biotech stocks playing to its strengths. Meanwhile, the