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The rally call was reportedly organized from r/bursabets, a Malaysian offshoot of r/wallstreetbets named after the Malaysian stock exchange. [45] [46] On March 2, Rocket Mortgage saw a more than 70 percent spike in its stock price due to a surge in trading following discussion of the company on r/wallstreetbets , [47] [48] but the Rocket ...
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful and profane jargon, aggressive trading strategies, and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellers in a few days in early 2021.
The book covers the events of the GameStop short squeeze, which saw the collapse of Melvin Capital as users of r/wallstreetbets and other retail traders initiated a short squeeze on stocks like GameStop, AMC and Bed, Bath & Beyond. It was published by Grand Central Publishing in the United States on September 7, 2021.
Meme stock. A meme stock is a stock that gains popularity among retail investors through social media. [1] [2] [3] The popularity of meme stocks is generally based on internet memes shared among traders, [4] on platforms such as Reddit 's r/wallstreetbets. [5] Investors in such stocks are often young and inexperienced investors. [6]
AMC stock sank about 11% on Thursday, hovering around $4.50 per share. The stock is down more than 90% over the past year as the company has been issuing shares to pay down its debt , which ...
Shares of retail investor favorite AMC Entertainment Holdings Inc nearly doubled in price on Wednesday, extending a breathtaking rally and reinvigorating the meme stock phenomenon that has ...
The struggling movie theater chain AMC jumped 2,300% in a very short span of time in the same year. Some big traders posted collosal losses as GameStop raced from less than $20, to close to $400 each.
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