The powerful influence of Reddit trade

The powerful influence of Reddit trade

Over the past few weeks the market has been treated to some fireworks thanks to Reddit’s r/wallstreetbets forum.

A few stocks have “mooned,” the internet term for a big surge. Among them: Video game retailer GameStop (GME) is up 750% year-to-date, BlackBerry (BB) 179%, mall retailer Express (EXPR) 346%, real estate investment trust Mac (MAC) 98%, and Nokia (NOK) 25%.

These stocks have been discussed and promoted on the popular Reddit message board, which started stirring up the investing…


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