Tuesday, July 27

reddit traders

Markets, MI Exclusive, reddit traders, stock market 2021, Stocks, Traders, Wall Street Bets

These are the top 10 meme stocks Reddit’s Wall Street Bets is talking about right now

Photo illustration by Jakub Porzycki/NurPhoto via Getty Images It's paid to follow what stocks Reddit's Wall Street Bets crowd are talking about this year, as several have gone through epic rallies and seen. From GameStop in January to AMC Entertainment last month, the 10.7 million-member forum has driven the conversation in so-called meme stocks that have exploded higher amid overwhelming demand from retail investors. Strong demand for stocks with shaky fundamentals has led to several hedge fund blowups that were caught on the opposite side of the trade betting against the company in question.GameStop's short-squeeze, in-part led by the Wall Street Bets crowd, led to a more than 50% drawdown in multi-billion dollar hedge fund Melvin Capital. Meanwhile, the sharp rally in struggl...
$CARV, Carv stock price, Carver bancorp, Markets, meme investments, Meme stocks, MI Exclusive, reddit traders, retail investing

One of America’s biggest Black-operated banks surges 267% as retail investors identify it as their next short-squeeze target

Reddit logo. hoto Illustration by Omar Marques/SOPA Images/SOPA Images/LightRocket via Getty Images Shares of Carver Bancorp, one of America's largest Black-operated banks, skyrocketed as much as 267% on Thursday. Social-media chatter suggests that retail investors have identified the stock as the next target of a short squeeze. More than 83 million shares exchanged hands Thursday, compared to the average daily trading volume of 967,494 over the past year, according to Bloomberg data. Investors on Reddit, Twitter, and Stocktwits identified that the Harlem-based bank has the market's largest proportion of outstanding shares sold short. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Carver Bancorp-on of America's largest Black-operated banks-sky...
Auction, cryptosnoo, Markets, MI Exclusive, NFT, Non fungible tokens, Reddit, reddit nft, reddit traders

Reddit is auctioning 3 ethereum NFTs featuring its alien mascot Snoo

Snoo, the alien mascot of Reddit. Igor Golovniov/SOPA Images/LightRocket via Getty Images Reddit is selling three "CryptoSnoo NFTs" that feature its famous alien mascot. "Take advantage of this rare opportunity to own a piece of Reddit history-snag a CryptoSnoo NFT," the website said. Once purchased, buyers will get access to a URL that will take them to a webpage dedicated to their NFT. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Reddit is auctioning three non-fungible tokens powered by the ethereum blockchain, with the social media site taking bid from now until July 1. The tokens are called "CryptoSnoos NFTs" and feature the famous alien mascot of the social media site. The Block was first to report."Take advantage of this rare opportunity to ow...