By now most of us are aware that investing has become hugely popular over the pandemic – people have more spare money and time to invest. You might be surprised however, at who has been learning to trade, read our article to learn more.
This week drew regulatory attention as retail investors found themselves shut out of their trading platforms after the buying frenzy for GameStop and other companies such as AMC Entertainment, Koss Corp and BlackBerry.
After the Reddit group Wall Street Bets told followers to go long on GameStop (GME), the stock has been rising in a momentum bubble, gaining a massive 1,000% since last year. The shares have gained 245% so far this year and are up a further 28% in U.S. premarket trading Monday. But it is sure to crash imminently.