Something absolutely stunning is happening with the stock market this week, as a group of investors on Reddit helped drive up the price of GameStop stock, leading to some firms who were invested in it getting hit hard (New York Mets owner Steve Cohen reportedly helped bail out one of those firms).
But on Tuesday and Wednesday, we’ve seen other stocks getting this kind of boost. The top United States trend on Wednesday morning was #SaveAMC as investors rallied to buy into the theater chain that has taken a hit during the COVID-19 pandemic, apparently using a similar strategy that was used to drive up the price of GameStop (at least that’s my understanding of it!).
Here are some of the stocks experts see as getting that treatment: