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Tuesday, December 6, 2022

A year after GameStop, Wall Street is still scared of the power of retail traders – and is tracking them closely | Business Insider

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GameStop, a video-game retailer, was at the center of the controversy last year. Its price soared about 2,000 percent in a couple of days, which was bad news for those expecting the company to plummet. Traders were astonished by this since the values of apparently random unloved stocks were increasing by hundreds of percent for no apparent reason. The massive run-ups were ultimately shown to be the work of retail traders. A year later, Wall Street is still suspicious of ordinary traders’ ability to move markets in an instant. However, it has adapted to the new reality, and many professional traders are even mimicking the actions of amateur investors.

Source: https://markets.businessinsider.com/news/stocks/gamestop-year-retail-trading-wall-street-hedge-funds-sentifi-ubs-2022-1

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