GME
GameStop buyers take over and other highly-shorted consumer stocks rally
- Stocks with a high level of short interest are once again the leading
gainers in the consumer sector after limited buying on key names is
allowed
again.
- GameStop (NYSE:GME) tops the list with a 76.02% jump, while Express (
EXPR+30.7%), National Beverage Corp. (FIZZ+16.9%), Naked Brands (NAKD
+27.3%), Fossil (FOSL+11.8%), Chico's FAS (CHS+11.6%), Bed Bath & Beyond
(BBBY+11.0%), Big 5 Sporting Goods (BGFV+13.3%), Dillard's (DDS+10.7%),
Blue Apron (APRN+7.3%) and Jumia Technologies (JMIA+8.1%) are all
catching bids.
- There is some speculation that hedge funds are weaning some of their
positions as they reset strategies and the WallStreetBets Reddit crowd is
still fired up over generating buying action on favored names.
- Seeking Alpha author Somint Reseach warns GameStop is now a bubble and
could run out of buyers if the squeeze is over.
|Today, 11:13 AM|59 Comments
GameStop buyers take over and other highly-shorted consumer stocks rally
- Stocks with a high level of short interest are once again the leading
gainers in the consumer sector after limited buying on key names is
allowed
again.
- GameStop (NYSE:GME) tops the list with a 76.02% jump, while Express (
EXPR+30.7%), National Beverage Corp. (FIZZ+16.9%), Naked Brands (NAKD
+27.3%), Fossil (FOSL+11.8%), Chico's FAS (CHS+11.6%), Bed Bath & Beyond
(BBBY+11.0%), Big 5 Sporting Goods (BGFV+13.3%), Dillard's (DDS+10.7%),
Blue Apron (APRN+7.3%) and Jumia Technologies (JMIA+8.1%) are all
catching bids.
- There is some speculation that hedge funds are weaning some of their
positions as they reset strategies and the WallStreetBets Reddit crowd is
still fired up over generating buying action on favored names.
- Seeking Alpha author Somint Reseach warns GameStop is now a bubble and
could run out of buyers if the squeeze is over.
|Today, 11:13 AM|59 Comments
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