Vigilante investors
May 31, 2021
A number of vigilante investors who are being driven into the social media frenzy to buy stocks of companies like AMC could find themselves financially burned.
Last Thursday, AMC shares rose almost 40% as investors on the Reddit WallStreetBets board once again pushed the stock in an attempt to hit short sellers who bet against the theatre operator.
This follows on from similar action that kicked off in January when activist investors on Reddit pumped other out-of-favour
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