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American Airlines Stock Shoots Up, Thanks to Reddit Group Behind GameStop Stock Spike

28 January 2021, 10:09 pm EST By
Following the trend, American Airlines shares have skyrocketed on Thursday as retail investors has made the struggling airline the next target. The company has gone down the drain after reporting a $8.8 billion loss for their 2020 financial results. As reported by NY Times reports, the company had about 30 percent of stock increase before giving up a huge portion of those gains. The day ends up with an increase of more than 9 percent.
(Photo : Screenshot: Youtube Video by American Airlines)
Apparently, the I ll prove you wrong game by retail investors from an infamous Reddit page Wall Street Bets seems to only get stronger by day. Recently, investors of this page have caused a surge in troubled companies like GameStop and AMC. The page is known to hold numerous market discussions by retail investors with the goal of taking down some of Wall Street s most ferocious investors. On a Wednesday night, one Reddit user suggested targeting ....

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