New meme stocks swing as shorts and retail investors face off again

New meme stocks swing as shorts and retail investors face off again

The Edge Markets - World·2021-05-01 05:05

NEW YORK (April 30): Recent volatility in a handful of so-called meme stocks is putting the spotlight back on the tussle between individual investors and short sellers, months after a wild ride in GameStop captivated Wall Street’s attention.

Stocks that have notched big swings this month include laser-manufacturer MicroVision Inc, a favourite on Reddit’s popular WallStreetBets forum, whose shares have risen as much as 170% since April 20, before tumbling in recent days.

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