There s a lot of institutions, professional traders, speculators, whatever you want to call them, engaged in this in both the cash equities market and the options market, Virtu s Doug Cifu said on Power Lunch. This is not solely a band of retail traders trading these stocks, he added.
Cifu s comments come as the spotlight has returned to meme stocks that are popular on online forums such as Reddit. While the saga began in January, with GameStop then serving as the most prominent example, retail traders have broadened their focus to other securities.
AMC Entertainment has lately been a favorite on Reddit boards and, very recently, Clover Health and Clean Energy Fuels have attracted attention.
(Bloomberg) The Russell Reconstitution is a big deal every year, but this time, potential changes for GameStop Corp. and AMC Entertainment Holdings Inc. make it interesting for a broader swath of investors than normal.The annual reconstitution of Russell’s U.S. family of indexes accounts for market changes in the previous year, and it affects more than $10.6 trillion in investor assets benchmarked to, or invested in, products based on the Russell U.S. Indexes, according to its website. Tradin