Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers question who, exactly, is getting played.
Reddit’s WallStreetBets is really the same old story — a concerted effort of market manipulators who will get rich and surely destroy some unwitting participants in the process.
American Airlines Group Inc. took advantage of the recent surge in its stock price, by setting a new plan for the sale of up to $1.1 billion worth of shares.
As parents searched for ways to keep kids happy and occupied during the COVID-19 pandemic, the toy category thrived, with sales rising 16% in 2020 to reach $25.1 billion, according to NPD Group.
Silver Lake clears a roughly $112 million profit by turning its debt holdings of AMC Entertainment into stock this week, just as a band of individual traders on Reddit and other online messaging boards drive up the struggling movie chain’s stock price.