As the social media investors pushed shares of the company up, Wall Street has had to recalibrate its bets, pushing shares beyond their all-time highs. The Reddit community r/WallStreetBets has become a central hub of a financial push to hurt Wall Street investors who bet big against GameStop’s future. The moves mark the spectacle of what some investors call a war between Wall Street and social media traders. If it is a company, then a link to “About Us” is very useful especially if it provides history and who is involved in the company.
To acquire a better sense of what is behind the site, gather the following: AMC, similarly, had gone as high as $16.50 per share before dropping to about $8 and then inching up to $9.50. GameStop shares jumped to a high of $483 per share early in the day, then dropped to around $246 by midday ET, only to rally minutes later to more than $300. GameStop and AMC stocks at the center of a multibillion dollar drama between Wall Street investors and social media traders on Reddit have dropped dramatically Thursday.
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