Financial markets and herd mentalities
Support for the little guys (and girls!) of retail investing has been encouraging to witness, but when it comes to GameStop, Wei-Shen wonders what the bigger picture shows.
Not since the collapse of Bear Stearns have the financial markets quaked quite like they did at the end of January. But the market disruption didn’t result from the demise of an outlaw investment bank. No, Wall Street shook because of the ascension of a bricks-and-mortar video game company called GameStop, all thanks to retail investors banding together through the social media platform Reddit.
On Dec. 31, 2020, GME was listed at $18.84 on the New York Stock Exchange. By Jan. 28, 2021, the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Front-Office Tech
Waters Wavelength
Waters Wavelength Podcast: Episode 229 (World Backup Day)
On this episode of the Wavelength Podcast, Wei-Shen and Tony discuss their backup data habits.
Subscribe to Weekly Wrap emails
Most read
- Sell-Side Technology Awards 2021: All the Winners
- Citi, other banks set to ink ‘Octopus’ deal for new multi-bank CLO platform
- Witad Awards 2021: EDM professional of the year (newcomer)—Saori Fotenos, IHS Markit
- Not all digital securities were created equal
- IBM lures banks’ critical workloads to financial cloud as ‘threat’ from big tech looms large