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These Five Most Popular Stocks Have Something in Common: GameStop Mania

Published 01/27/2021, 03:19 PM
Updated 01/27/2021, 04:54 PM
© Reuters

By Liz Moyer

Investing.com -- The five most popular searches on Investing.com right now have one thing in common: the short squeeze people can't stop talking about.

GameStop Corp (NYSE:GME), AMC Entertainment Holdings Inc (NYSE:AMC), BlackBerry Ltd (NYSE:BB), Express Inc (NYSE:EXPR), ad Koss Corporation (NASDAQ:KOSS) are up double, or even triple, digits this year, skyrocketing higher in the last couple of days as retail traders battle professional short sellers in a drama that is the talk of Wall Street. 

It's all happening on a Reddit online forum called "WallStreetBets," where investors chat about investing ideas in casual, often rowdy way. As of this week, it had 2.9 million participants, who call themselves "degenerates." On the other side are funds like Citron and Melvin, which had to exit their short positions in GameStop after heavy losses. Covering the short positions by selling other long positions could have contributed to Wednesday's drop in the broad market. 

In a statement late Wednesday, the Securities and Exchange Commission said it was "aware of and actively monitoring" ongoing market volatility in options and equities markets.

The five shares soared again on Wednesday, pushing the SPDR® S&P Retail (NYSE:XRT) up 11% to a 52-week high.

GameStop surged 126%, AMC rose 293%, BlackBerry rose 34%, Express rose 200% and Koss jumped 560%.

Massive trading volume in these stocks caused disruptions on online platforms such as TD Ameritrade (NASDAQ:AMTD) and Schwab. Some brokers have put trading restrictions on the shares, and the exchanges have halted some of them for trading multiple times because of volatility. 

 

Latest comments

Short selling turns markets into gambling casinos. Let the short seller beware. It's good to see funds which have artificially drive markets down by selling short, and then release their often erroneous negative 'thoughts' about those companies with the intention to further decrease the price of these stocks so that they can profit even more, have the tables turned against them.
Wallstreets argument literally: buying stock is bad, for you lol. How about you be smarter than to overshort and get played?
Amc nok to occupy mar with elon!
Mars*
No one knows where these stocks would land when dust settles but for me it is so immensely satisfying to see those professional shorts get crushed. They have caused nothing but pain to so many retail investors. Thank you fellow Redditors. Great job.
Agree
my bbby calls are up 400%
Here’s a short investing lesson for people who have been in the market for the last 10 minutes : bulls make money bears Make money and pigs well the poor little piggies they get slaughter - sad story - the end !
Here is a short lesson for the people who have been in the market for a week or so( I’ve been in the market for 35 years) and I learned that bulls make money bears make money and the pigs the retail pigs they get slaughter isn’t that a sad story.
the constant halting should be criminal. F<kk those short sellers
those who bought will all lose. most of them
not this time. its fundamentally different from a normal pump and dump. the people keeping their shorts open or opening them are going to be bankrupt soon. still 10B+ shorts in usd in GME
All dumpster companies slowly lagging toward bankruptcy. Irrational exhuberance on display as the worst of the worst surge.
No worries Joseph, your money (cash) is being used to bailout all these companies. But, no worries, it's still the same amount in the bank.
that was great 😂😂😂
Come on BB, you lagard, get off your ****** Rowdy enough? Lmao
Bought and sold 1000 sh of AMC twice early this morning for a profit of $1500. I don't see gold or clean energy stocks doing as well for now.
What they can manipulte but small invesotrs cant f them
yes and no. bankers aren't allowed to coordinate their trades with each other. it is possible some traders do but they are prosecuted when proven they coordinate trades, so creating a reddit with such buying power coordinating trades could be illegal.
Focus efforts on AMC tomorrow..!!
Exactly 10-20,000 shares ten at a time im buying lol and the sell price will be so jacked no brokerage will lend thay to you lmao 👍👍😂
Should I buy in AMC then?
Started out great but we spread ourselves out too thin between too many stocks today. The reason GME worked is because it was targeted and focused, today we had like 7 stocks trending. Classic failed revolution due to DISORGANIZATION. AMC should have made it to $50 but instead it was flat like ALL. DAY. Sad.
nothing failed. all stonks are rising. some faster than others. party is far from over. stick it to the institutions. red indexes to feed the masses! long people power!
We need an unofficial organizer!
as soon as there is an organizer the SEC is going to shut us down
Go WSB!
Finally  shoe cleaners took a charge on Wall Street. Lets see what is going to happen in next few days
David and Goliath 💪🏻 Yes, we can.
AMC!
100x in one week NOK... NAKD
Nokia and NAKD are better...
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