Analysis: New meme stocks swing as shorts and retail investors face off again

By John McCrank, Saqib Iqbal Ahmed and Lawrence Delevingne
NEW YORK (Reuters) - Recent volatility in a handful of so-called meme stocks is putting the spotlight back on the tussle between individual investors and short sellers, months after a wild ride in GameStop captivated Wall Street’s attention.
Stocks that have notched big swings this month include laser-manufacturer MicroVision Inc, a favorite on Reddit’s popular WallStreetBets forum, whose shares have risen as much as 170% since April 20 before tumbling in recent days.
Biopharmaceutical company Ocugen Inc is up about 110% since April 20 while online video game platform Skillz, which has been added to the portfolio of Cathie Wood’s ARK funds, is up about 45%.
Those moves do not approach the stunning, nearly 1,700% gain in video game retailer GameStop ...


Read More on Datafloq

Comments

Popular posts from this blog

Underwater Autonomous Vehicles Helping Navy Get More for the Money 

Canada regulator seeks information from public on Rogers-Shaw deal