Reddit rally

Citadel Founder and CEO Ken Griffin An event is coming this week that should offer up plenty of material for documentary writers who are already hard at work in covering the GameStock stock saga. House Hearing: Many of the major names who were at the center of the storm — WallStreetBets,...

Robinhood has updated its list of restricted stocks, and the list has grown much shorter than the 50 stocks it was at on Friday. What Happened: Robinhood updated the "Changes due to ongoing market volatility" page on its site, where it maintains a list of the stocks it has placed buying...

Jaime Rogozinski, the founder and former moderator of WallStreetBets, has shared his thoughts on the run-up in stocks that the Reddit forum has played such a central role in. What Happened: Speaking to National Public Radio, Rogozinski said watching the Reddit rally has been bittersweet: He likes...

The founder of hedge fund Point72 and owner of the New York Mets Steve Cohen has deactivated his Twitter account after his family received threats this week amid the GameStop trading fiasco, Bloomberg and ESPN have reported.  What Happened: In a statement, Cohen said he was taking...

London-based trading platform operator IG Group Holdings Plc said today that it will halt all new positions in GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC). What Happened: The company announced this today in a tweet, citing "extreme volatility." Due to...

The movement of retail traders against hedge funds has caused several stocks to spike. Many of the top movers have been stocks that have a high percentage of their floated shares short, causing what’s known as a short squeeze. Among the other themes of the high-flying stocks is that many of...

Retail investors aren't the only ones seeing profits from the Reddit rally that has driven up the shares of GameStop Corp. (NYSE: GME), BlackBerry Ltd. (NYSE: BB) and Nokia Oy (NYSE: NOK). What Happened: Silver Lake cashed out its equity positions in AMC Entertainment...