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