What fueled January’s rally, according to the Securities and Exchange Commission, was simply a high volume of new traders entering a buying frenzy. The Securities and Exchange Commission has released a hotly anticipated report on January’s trading frenzy that rocketed so-called meme stocks into the stratosphere. It dismisses conspiracy theories that swept social media to ostensibly explain the bizarre trading activity, choosing the most anodyne explanation instead: that what fueled the GameStop rally was nothing more than hundreds of thousands of new investors—at one point, reaching nearly 1 million per day—entering into a sudden feeding frenzy over these stocks.Read Full Story
Gamestop Conspiracy Theories Shot Down By Sec In Report On Meme Stocks And Short Squeezes
Clint Rainey, Fast Company
Tue, 10/19/2021 - 5:29am
BING NEWS:
- Conspiracy theorist Alex Jones breaks down sobbing on Infowars show claiming feds are trying to shutter show
Jones has made a career of spinning false claims, most notoriously over the Sandy Hook school massacre, for which he was ordered by a judge to pay families $1.5bn – none of which he has yet paid ...
06/3/2024 - 1:05 am | View Link - GameStop shares surge 73% after meme stock influencer reveals $116 million bet
London (CNN) — Shares in GameStop shot up almost 73% in pre-market trade Monday as the renewed frenzy around meme stocks shows little sign of abating ... Retail investors bid up the shares, targeting ...
06/2/2024 - 1:00 pm | View Link - Revisiting GameStop's epic 2021 short squeeze: A timeline of notable events
With so-called meme stocks rallying ... which in turn squeezed short sellers who had bet against it. The buying was sparked by Gill and spilled over into several other stocks.
05/14/2024 - 11:42 am | View Link - Meme stocks extend short-squeeze rally to massive 100%+ gains with GameStop and AMC leading the way
Those gains increased sharply on Tuesday as momentum continued to build around the meme stock trades ... The rallies have pushed a massive short-squeeze in the stocks, not unlike the 2021 rally ...
05/14/2024 - 2:13 am | View Link - GameStop Short Sellers Just Lost $2 Billion Amid Meme Stock Rally
The meme stock rally triggered by the return of “Roaring Kitty” to social media has cost GameStop stock short-sellers more than $2 billion in just two days, according to data firm S3 Partners.
05/13/2024 - 1:00 pm | View Link - More
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