-0.96%
Other stocks recently targeted include AMC, Blackberry Limited and Bed Bath & Beyond, who, in addition to GameStop, have all seen triple-digit percentage increases over consecutive trading days.
According to Dow Jones Market Group, GameStop, AMC and Bed Bath & Beyond have seen increases of 762%, 538% and 103%, respectively, over the past five consecutive trading sessions while BlackBerry Limited has seen an increase of 237% over the past nine consecutive trading sessions.
The market chaos resulting from the gyrations has caught the attention of the White House, Treasury and SEC who have all said they are monitoring the situation after TD Ameritrade and Charles Schwab s mobile apps to experienced outages in response to unprecedented volumes during trading on Wednesday morning.
Mid-Morning Market Update: Markets Open Higher; McDonald s Misses Q4 Views benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
January 28, 2021
In some corners of social media, the epic short squeeze on GameStop, the beleaguered video game company, is a David and Goliath battle between retail investors and hedge funds. As legions of day traders drove up GameStop’s share price more than than 1,700% this month, institutional investors who had bet against it have stomached massive losses, scrambling to cover their positions by buying the stock back.
But the fallout extends far beyond rich hedge funders. ”If there are a bunch of retail investors who are invested in this stock and a bubble bursts, investors get hurt,” says Jill Fisch, a business law professor at the University of Pennsylvania.
70 Stocks Moving In Thursday s Mid-Day Session Benzinga 1/28/2021
Gainers
JanOne Inc. (NYSE: JAN) shares jumped 175.5% to $26.25 amid continued momentum driven by retail investor interest in the stock.
Lianluo Smart Limited (NASDAQ: LLIT) shares surged 133% to $14.54.
AeroCentury Corp. (NYSE: ACY) shares jumped 94.3% to $18.95 after climbing around 18% on Wednesday.
The9 Limited (NASDAQ: NCTY) climbed 62% to $16.62 after declining over 17% on Wednesday. The9 recently signed five legally binding Memorandum of Understanding with five Bitcoin mining machine owners to purchase Bitcoin mining machines by the issuance of Class A ordinary shares.
Sundial Growers Inc. (NASDAQ: SNDL) shares climbed 61.1% to $0.9676 after gaining over 7% on Wednesday.
Newater Technology, Inc. (NASDAQ: NEWA) shares jumped 60% to $5.53.
By Reuters Staff
2 Min Read
Jan 28 (Reuters) - Canada’s main stock index rose on Thursday, after its worst session in three months, driven by gains in materials and energy stocks. The materials sector, which includes precious and base metals miners and fertilizer companies, added 3.7% as gold futures rose 0.7% to $1,857.9 an ounce. The energy sector climbed 2% as U.S. crude prices rose 1%, while Brent crude added 1%. At 9:37 a.m. ET (1437 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 131.28 points, or 0.75%, at 17,555.71. The financials sector gained 0.3%. The industrials sector rose 0.9%. The largest percentage gainer on the TSX was First Majestic Silver Corp, which jumped 29.3% after a media report of the company winning a reprieve on criminal tax fraud charges in a Mexican court hearing. (bloom.bg/3qZX6MF)