Why Sundial, AMC, Blackberry, and Other Reddit Stocks Soared Today | The Motley Fool

Why Sundial, AMC, Blackberry, and Other Reddit Stocks Soared Today | The Motley Fool
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What happened

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:

So what 

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.

A person is pointing to a digital stock chart that rises, then falls, and then rises again.

Shares of Express, Naked Brand, AMC, Sundial, and BlackBerry rebounded on Wednesday. Image source: Getty…



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