An army of individual traders led by the likes of the Wallstreetbet community gathered the troops on Reddit and got everyone to throw their money into the pot to buy up GameStop stock. The SkyBridge executive noted that risk is no longer small and that's forced institutional investors to re-assess their portfolios. "It's definitely not retail because these volumes just wouldn't have the same impact on price compared to what we saw back in January.". Online brokerage Robinhood, which has been in the eye of the storm during GameStop frenzy in the past week, has raised over $1 billion from existing investors and credit lines from banks to support its financial position after a volatile four days. r/plus500 - reddit: the front page of the internet ... r/plus500: 28 Jan: Robinhood disallows trading on GameStop. The co-CIO said institutional investors were surprised by GameStop's meteoric run in January, and by Reddit's power to move individual stocks. Silver (XAG) hit a near eight-year high this morning, reaching 30.131 per troy ounce, following a series of posts in Reddit’s WallStreetBets forum. Looking at the differences in net dollar purchases in January and the latest rally, "it's almost as if that gap [appears] to me like it's a different type of trader or investor behind the recent move," said Patel. Disclaimer |
"Coming into this year, I don't think there was an investor on the planet that said the biggest risk that's going to show up in the third week of January is going to be these meteoric, Reddit-driven short squeezes," Gayeski said. The great Gamestop fiasco is a wonderful one indeed. After a record performance in 2020, online trading platform Plus500 is planning a further buyback program of up to $25m The post Plus500 plots share buyback as profit soars on record performance appeared first on CityAM. ... Plus500. Find communities you're interested in, and become part of an online community! © 2021 Insider Inc. and finanzen.net GmbH (Imprint). "More important for investors to understand is the industry as a whole has really done a triple-check on what their short exposure looks like," Gayeski said. The CIO also said that there were a number of hedge funds that made money in meme stocks as the Reddit saga was "highly profitable" for some institutions. Data from VandaTrack show net dollar purchases on Tuesday were $8.1 million. All rights reserved. GameStop price decreases to $193.60. "Everybody's been talking about GameStop," Viraj Patel, global macro strategist at Vanda Research, told Insider on Wednesday. Find the latest PLUS500 LTD ORD ILS0.01 (DI) (PLUS.L) stock quote, history, news and other vital information to help you with your stock trading and investing. Getty Images / Corbis News. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. There was no sign "whatsoever" of retail investors driving the price action with net dollar purchases of $8.1 million on Tuesday, says one strategist. GameStop price increases to $325.00. After a record performance in 2020, online trading platform Plus500 is planning a further buyback program of up to $25m The post Plus500 plots share buyback as profit soars on … GameStop is back above $200, but retail investors might not be behind the push upward in recent sessions, according to VandaTrack. The retailer's shares have rallied in recent days as its … GameStop is back in the spotlight with big upside moves in recent sessions, but new data suggest the price action might not be being spearheaded by retail investors as it was during the January rally led by Reddit's WallStreetBets platform. The following session, the stock rocketed up 157% to an intraday high of $380, with net purchases of $87.48 million, according to VandaTrack. Stock quotes by finanzen.net. Disclaimer |
Inside GameStop's chaotic week in the stock market, which saw Reddit day-traders revolt against a … Gayeski said institutional investors are avoiding crowded shorts, diversifying exposure, and looking to larger market cap firms. Gill has 50,000 shares in GameStop plus 500 call options. ... Plus500… Gayeksi sat down with Yahoo Finance on Thursday to discuss his company's bitcoin stance, as well as the resurgence of GameStop mania. The value of his stake dropped by $13.6 million on Tuesday as GameStop’s share price fell 60 percent, adding to a $5.2 million loss on Monday, according to screenshots of his brokerage account that he posted on Reddit… ... Top News Videos for Reddit Gamestop. r/WallStreetBets, a community on Reddit, has started pushing a hard narrative to buy up shares in GameStop… Find the best posts and communities about GameStop on Reddit GameStop soared 91% on Tuesday as retail traders continue to defy short-sellers. Looking back at the most intriguing and popular industry news from the past week between 25th and 29th January on LeapRate. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Gayeski also said he sees institutional investors hedging against "systematic risk" and argued there's nothing wrong with using "S&P futures or ETFs" to do that. "Given the total volume traded (which still remains significant), we know there's other types of investors buying/selling. Plus500 Webtrader. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, An unexpectedly sharp economic rebound could kickstart a massive shakeup that's almost certain to drag stocks lower », Krispy Kreme launches a collection of St. Patrick's Day-themed doughnuts », GameStop Corp hosts conference call for investors, Investors Go Looking for a ‘Why’ To Justify Buying Ideanomics Stock, Forget GameStop: This Investment Can Make You Rich With Zero Effort, Short bets against GameStop are the lowest they've been in 2021 as the stock finds renewed life, Slumping Naked Brands Is Nearing the Point of No Return, Don’t Let Reddit’s r/WallStreetBets Become Your QAnon. Reddit is a network of communities based on people's interests. 29 Jan: Robinhood allows trading on GameStop. Made In NYC |
02:09. The shares on Monday popped up as much as 53% to an intraday high of $210.87. Reddit, in quite an interesting development, coordinated and pulled up a successful pump of the Gamestop stock. But tough the company was facing the possibility of bankruptcy in 2020, this year the GameStop stock surged by more 1600% at the time of writing due to social media speculations and the alleged battle between traders from Reddit to Wall … GameStop's short interest has steadily declined, with some exceptions, since the Reddit trader saga began back in January. Step 2: Research GameStop Shares. Bitcoin Gaining From Gamestop Fiasco The analytics website, aptly named Metrics For Reddit, has shown that r/Bitcoin has managed to accrue a … 76.4% of retail CFD accounts … Instead of it casually taking a downhill walk, GameStop’s share price skyrocketed in a matter of days. Plus500. Individual traders executed pump … GameStop's resurgence amid a new Reddit-trader push has institutional investors triple-checking short exposure, SkyBridge Co-CIO says Will Daniel Feb. 25, 2021, 08:27 PM The GameStop buying rush went viral. Retail investors turned to silver in a new wave of trading against market trends in a concerted attempt to show their strength, just as they did with GameStop (GME).