Why Sundial, AMC, Blackberry, and Other Reddit Stocks Soared Today | The Motley Fool
Reddit traders are back. After licking their wounds following GameStop‘s (NYSE:GME) brutal decline from its highs, the Wallstreetbets-led army of individual investors appears to be trying to ignite a new round of short squeezes.
Here’s how some of the most popular Reddit stocks fared on Wednesday:
Many investors were infuriated when Robinhood and other brokerages placed restrictions on their customers’ ability to buy shares of GameStop and other heavily shorted stocks back in January. Those moves helped end the trading frenzy in GameStop and other popular Reddit stocks, leading to a sharp decline in their prices.