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Why Sundial, AMC, Blackberry, and Other Reddit Stocks Soared

Motley Fool 2021-02-25

Get ready for round two of the battle between the bulls and bears.

What happened

Reddit traders are back. After licking their wounds following GameStop's brutal decline from its highs, the Wallstreetbets-led army of individual investors appears to be trying to ignite a new round ofshort squeezes.

Here's how some of the most popular Reddit stocks fared on Wednesday:

  • Express(NYSE:EXPR), up 41%
  • Naked Brand Group(NASDAQ:NAKD), up 31%
  • AMC Entertainment(NYSE:AMC), up 18%
  • Sundial Growers(NASDAQ:SNDL), up 15%
  • BlackBerry(NYSE:BB), up 9%

So what

Many investors were infuriated when Robinhood and other brokerages placed restrictions on their customers' ability to buy shares of GameStop and other heavily shorted stocks back in January. Those moves helped end the trading frenzy in GameStop and other popular Reddit stocks, leading to a sharp decline in their prices.

Following heavy criticism from investors and regulators, Robinhood eventually moved to allow uninterrupted trading in GameStop and the other stocks for which it had limited purchases. The popular trading platform said the restrictions were temporarily necessary due to soaring capital requirements imposed by clearinghouses during the trading frenzy. Robinhood subsequently raised several billion dollars from investors to better comply with those requirements should trading volumes increase once again.

Now what

Well, Reddit traders appear to be gearing up to test Robinhood's newly strengthened capital reserves. With the trading platform likely to be reluctant to impose new buying restrictions due to the backlash it faced last time around, it will be interesting to see how any potential short squeezes will play out with no interference from Robinhood.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论34

  • Terry1989
    ·2021-02-28
    Love this stock
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  • LateWizard
    ·2021-02-26
    I just like the stock 🦍
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  • StormsRiders
    ·2021-02-26
    "it will be interesting to see how any potential short squeezes will play out with no interference from Robinhood."What's interesting? Full of BS. RH already bleed them dry, they no capital how to play? Horse Back Cannon.
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  • Jinkachu
    ·2021-02-26
    Wow
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  • pinkishmin
    ·2021-02-26
    Great
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  • pinkishmin
    ·2021-02-26
    Lets go
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  • good luck!
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  • xoomix
    ·2021-02-25
    $GameStop(GME)$ to Mars 
    回复
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  • 我说个汉语发言
    回复
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  • Matchapie
    ·2021-02-25
    sigh
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  • deangsana
    ·2021-02-25
    To the moon!
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  • Scuttle_butt
    ·2021-02-25
    Like the vw short squeeze this is round 2
    回复
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  • Meowzicles
    ·2021-02-25
    Woohoo
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    收起
    • Meowzicles
      Nice
      2021-02-25
      回复
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    • GeraldTan
      Noice
      2021-02-25
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    • GeraldTan
      Super nice
      2021-02-25
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    查看更多 2 条评论
  • Dempster
    ·2021-02-25
    wow
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    收起
    • GgWimp
      Gg
      2021-02-25
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  • XKT1234
    ·2021-02-25
    Nice
    回复
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  • Rep
    ·2021-02-25
    wow
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    收起
    • GgWimp
      Gggg
      2021-02-25
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  • Pangabui
    ·2021-02-25
    🙂🙂🙂
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  • SaltH2ocroc
    ·2021-02-25
    no good these stocks
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  • HLPA
    ·2021-02-25
    Buy the all and wait
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    收起
    • HLPA
      if cash short, SNDL firat
      2021-02-25
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    • HLPA
      if cash short, SNDL first
      2021-02-25
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    • LynHuatAh
      good idea
      2021-02-25
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    查看更多 1 条评论
  • reeve
    ·2021-02-25
    SNDL go go go
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