Tag Archives: ShortSqueeze

(Bloomberg) — The social-media mob scored another direct hit, this time with a little-known software company that Wall Street started betting against. Support.com Inc. shares skyrocketed on Friday, adding to this week’s triple-digit rally as day traders touted the Los Angeles-based company, whose platform helps companies manage technical and customer support. The shares surged as much as 132%, climbing to the highest since 2004. Support.com was among the most mentioned companies in… Source link

Bitcoin pulled back on Friday after rising nearly 10% earlier this week. The cryptocurrency was trading around $32,000 at press time and is up about 2% over the past seven days. Ether, the world’s second largest cryptocurrency, is holding above $2,000 and is up about 6% over the past week.  Upside momentum is improving, which could keep crypto buyers active into the weekend. Some analysts expect a short-squeeze to push bitcoin above the 50-day moving average around $34,000 given oversold… Source link