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Tuesday, 02/09/2021 8:01:34 PM

Tuesday, February 09, 2021 8:01:34 PM

Post# of 234024
YIKES! "28% of Americans bought GameStop or other viral stocks in January: Yahoo Finance-Harris Poll"

"Over a quarter of American adults say they bought GameStop (GME) or another viral stock in January, according to a new survey from Yahoo Finance and The Harris Poll.

The GameStop frenzy, kicked off by the subreddit r/wallstreetbets, struck a chord with many retail investors and individuals who resented what they viewed as the Wall Street establishment, a few hedge funds that had shorted the stock, betting it would go down.

The survey data speaks to the scope of the tug of war between short-sellers and retail investors flooding the market with money.

Despite recent losses, GameStop is up more than 150% year-to-date. It’s now worth around 10% of its all-time intraday high, when it was trading at $483 for a moment at the end of January."

https://finance.yahoo.com/news/gamestop-amc-reddit-investing-213609595.html

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