Wall Street s pandemic rally to sputter, strategists warn - Reuters poll
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Wall Street s pandemic rally to sputter, strategists warn – Reuters poll
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Wall Street s pandemic rally to sputter, strategists warn - Reuters poll
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Daily Times
May 2, 2021
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 favorite on Reddit’s popular WallStreetBets forum, whose shares have risen as much as 170% since April 20 before tumbling in recent days.
Biopharmaceutical company Ocugen Inc is up about 110% since April 20 while online video game platform Skillz, which has been added to the portfolio of Cathie Wood’s ARK funds, is up about 45%.