Saturday, July 31

Vanda Research

ETFs, Markets, MI Exclusive, retail investing, retail investing activity, stock market, stock market 2021, Vanda Research

Retail investors bought a record $2.2 billion of stocks on Monday, with many seeking shelter in ETFs as the market melted down, data shows

vgajic/Getty Images Retail investors bought $2.2 billion in equities during Monday's rout, according to Vanda Research. ETFs accounted for 44% of total retail purchases, higher than the average of 29%. The data suggest that retail investors were scared to buy the dip in individual stocks. See more stories on Insider's business page. Retail investors shoved more than $2 billion into the US stock market during Monday's rout, taking advantage of sliding prices largely by ramping up purchases of shares in major index funds, data released by Vanda Research Wednesday showed. Individual investors bought a record $2.18 billion in equities during the selloff at the start of the week, Vanda said in a note. The worst session for stocks so far in 2021 was set off by fears that rising COVID...
Chamath Palihapitiya, lockup expiration, Markets, Meme stocks, retail traders, SoFi, SoFi Invest, SPAC, Vanda Research

SoFi is soaring in popularity on Reddit as retail investors look for opportunities in the fintech company following its merger with a Chamath Palihapitiya-backed SPAC

Chamath Palihapitiya. Brian Ach/Getty Images for TechCrunch Brian Ach/Getty Images for TechCrunch Chamath Palihapitiya-backed SoFi Technologies is gaining steam among Redditors. Comments about the company, which went public last month, surged on Reddit this week. Retail traders noted the end of the post-merger lockup period and the high short interest. See more stories on Insider's business page. SoFi Technologies is quickly gaining traction among retail investors. The fintech company that went public via a Chamath Palihapitiya-backed SPAC last month has seen an influx of retail flows in the last week, according to data from Vanda Research. VandaTrack, Bloomberg In a note, Vanda analyst Giacomo Pierantoni and senior strategist Ben Onatibia said the stock is one that "looks inc...