Redditors help send AMC stock to all-time highs 2021/08/02 16:00:00 Business Insider Markets
Summary List Placement Momentum trading is nothing new. Traders and speculators have jumped into stocks hoping to catch the train to massive gains based on little more than rumors for as long as there has been a stock market to speculate on. Recently though, new trading technology and social media has enabled the rise of a new kind of momentum trader, one whose goals are often quite different from speculators of the past. These new retail traders aren''t only in search of quick profits, they''re looking to take on Wall Street and to beat The Man at his own game. In 2021, using social media platforms like Reddit, Twitter, and StockTwits, "meme stock" retail traders came together, employing the power of their combined and leveraged capital to hit back at institutional short sellers. Inspired by movements of the past like Occupy Wall Street, the meme stock crew realized the power short squeeze conditions have to drive up stock prices and ruffle institutional feathers. AMC is the perfect example of this phenomenon.
Mudrick Capital Acquisition Corporation; Gordon Pointe Acquisition Corp - Kehoe Law Firm, P.C. Breach Of Fiduciary Duties Investigations MUDS, GPAQ 2021/07/23 14:02:00 Intrado Digital Media
PHILADELPHIA, July 23, 2021 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating whether certain directors and/or officers of the following Special Purpose Acquisition Companies (SPAC) breached their fiduciary duties to the SPAC or its shareholders: