The wild Reddit GameStop ride may now be over, say analysts, as Robinhood further eased trading restrictions. The stock, which peaked at close to $500 per share, has now fallen to a little over $90.
Redditors in r/wallstreetbets had been urged to hang in there, in the belief that more investors who had shorted the stock would be forced to pay high prices to exit their positions, but this no longer looks likely …
The post Reddit GameStop ride may be over, say analysts; SEC checking for fraud appeared first on 9to5Mac.
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