Timeline: GameStop’s 1,600% surge in retail investor vs hedge fund battle

Shares of GameStop surged as much as 1,600% between Jan. 11 and Wednesday after an unprecedented stock market battle pitting amateur investors piling on the videogame retailer’s shares against hedge funds scrambling to cover losing bets. The use of volatile call options, herd buying through social network Reddit, the involvement of Tesla’s Elon Musk and […]

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Short squeezers could end up strangling themselves

Short-squeeze mania is spreading. The strategy, favoured of late by U.S. retail traders, boosted heavily shorted European stocks on Wednesday. The immediate victims are bearish hedge funds who didn’t see it coming. But the squeezers themselves also risk overreaching. Shares in Klepierre, Unibail-Rodamco-Westfield, Ambu and Pearson were up 13% on average by mid-morning. They’re among […]

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