Tag Archives: memestock

(Bloomberg) — It’s ending as fast as it began for retail day traders, whose crowd-sourced daring was the pre-eminent story of pandemic equities. Most Read from Bloomberg Nursing losses in 2022 that are worse than the rest of the market’s, amateur investors who jumped in when the lockdown began have now given back all of their once-prodigious gains, according to an estimate by Morgan Stanley. The calculation is based on trades placed by new entrants since the start of 2020 and uses… Source link

(Bloomberg) — Donald Trump’s sagging fortune is suddenly poised to get a massive boost from meme-stock mania. Most Read from Bloomberg News late Wednesday that the former president’s nascent media enterprise, Trump Media & Technology Group, is planning to go public via a special purpose acquisition company has sent retail investors into a frenzy, even with few details released. The stock gain drove the implied value of the new venture to more than $8.2 billion. Based on figures from press… Source link

Retail traders from Reddit’s WallStreetBets flocked to uranium-mining companies on Monday amid a price rally in the radioactive material, as investors bet that the nuclear fuel would become a central tool in the decarbonization of the world’s energy systems. In Australia, Sydney-listed uranium miners Peninsula Energy, Energy Resources of Australia, and Bannerman Energy jumped by 40% over the past several days. In London, miner Aura Energy jumped more than 75% and Yellow Cake, a company… Source link