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Wealthsimple adds risky label to volatile stocks

Winnipeg Free Press By: Anita Balakrishnan, The Canadian Press Posted: Last Modified: 3:50 PM CST Friday, Jan. 29, 2021 TORONTO - A rollercoaster week of trading for investors in GameStop, BlackBerry and other hot stocks has resulted in trading bans, warning labels for certain stocks and questions over both fairness and systemic risk in the financial system. A GameStop storefront is shown before opening Thursday morning, Jan. 28, 2021, in Dallas. Canadian investing app Wealthsimple is labelling some stocks as risky after this week s volatility in shares of GameStop, BlackBerry and other social media darlings. THE CANADIAN PRESS/AP/LM Otero TORONTO - A rollercoaster week of trading for investors in GameStop, BlackBerry and other hot stocks has resulted in trading bans, warning labels for certain stocks and questions over both fairness and systemic risk in the financia

Wealthsimple adds risky label to certain stocks | Investment Executive

Anita BalakrishnanCanadian Press A rollercoaster week of trading for investors in GameStop, BlackBerry and other hot stocks has resulted in trading bans, warning labels for certain stocks and questions over both fairness and systemic risk in the financial system. Shares in retailer GameStop’s soared from about $20 apiece in mid-January to more than $400 at Friday’s highs, a four-fold increase in price this week alone amid widespread discussion on social media platform Reddit. Users who piled money into GameStop, BlackBerry and a handful of other shares were not only looking for a way to make money, but to stick it to the powerful investors and hedge funds who had bet against the stocks.

Wealthsimple trading app labels GameStop, Blackberry and AMC stocks risky amid frenzy

Published Friday, January 29, 2021 12:10PM EST Last Updated Friday, January 29, 2021 12:52PM EST TORONTO - A rollercoaster week of trading for investors in GameStop, BlackBerry and other hot stocks has resulted in trading bans, warning labels for certain stocks and questions over both fairness and systemic risk in the financial system. Shares in retailer GameStop s soared from about $20 apiece in mid-January to more than $400 at Friday s highs, a four-fold increase in price this week alone amid widespread discussion on social media platform Reddit. Users who piled money into GameStop, BlackBerry and a handful of other shares were not only looking for a way to make money, but to stick it to the powerful investors and hedge funds who had bet against the stocks.

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