{"id":8712,"date":"2021-06-11T13:35:00","date_gmt":"2021-06-11T10:35:00","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=8712"},"modified":"2023-06-22T17:58:44","modified_gmt":"2023-06-22T14:58:44","slug":"which-stocks-are-now-popular-among-private-investors","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/06\/11\/which-stocks-are-now-popular-among-private-investors\/","title":{"rendered":"Which Stocks are Now Popular Among Private Investors?"},"content":{"rendered":"\n

In January and February we wrote about Reddit users inflating GameStop shares<\/a> and trying to influence silver prices<\/a>. And now private investors, uniting in the social network, chose new preys for their actions:. Cleveland-Cliffs, Clover Health, and Wendy’s.<\/p>\n\n\n\n

<\/span>In short — about traders from Reddit<\/span><\/h2>\n\n\n\n

At the beginning of 2021, the users of the r\/wallstreetbets community of a popular social network Reddit decided to declare a war on Wall Street. First thing, they massively bought the shares of a chain of videogames shops called GameStop. Before that, the company had 140% of its shares played short.<\/p>\n\n\n\n

On January 27th, thanks to those Reddit users, the shares of GameStop (NYSE<\/a>: GME) reached their all-time high of $347.51, demonstrating growth by 134.84% over a trading session. As a result, Bloomberg claimed that only at the end of January shortists lost $6 billion.<\/p>\n\n\n\n

Next thing, private investors took up inflating the shares of other companies in trouble: AMC Entertainment, Nokia, Virgin Galactic, BlackBerry. They even got their hands on silver<\/a> futures: on February 1st, they cost more than $30 per ounce, which was the new high since 2013, the Financial Times claimed.<\/p>\n\n\n\n

<\/span>New “meme” shares<\/span><\/h2>\n\n\n\n

And now, according to CNBC, the representatives of r\/wallstreetbets subreddit, which now includes over 10 million people, turned their eyes to Cleveland-Cliffs, Clover Health, and Wendy’s. Let's see what's going on with the shares of these companies.<\/p>\n\n\n\n

<\/span>Clover Health shares<\/span><\/h2>\n\n\n\n

On June 7th, the stock price of Clover Health (NASDAQ: CLOV), a provider of medical insurance programs, rose by 32.44% to $11.92. On the next day, the quotations kept growing and reached $22.15, growing by 85.82%.<\/p>\n\n\n\n

According to S3 Partners, 43.5% of Clover Health shares are traded short. However, the expected short squeeze didn't happen: on June 9th, the stock price dropped by 23.61% to $16.92, and on June 10th — by 15.25% more, to $14.34.<\/p>\n\n\n\n

\"Clover<\/a><\/figure>\n\n\n\n

<\/span>Wendy’s shares<\/span><\/h2>\n\n\n\n

The shares of the Wendy’s (NASDAQ: WEN) fastfood chain started growing on June 8th. That day, they grew by 25.85%, reaching $28.87. However, on the next day, the stock price dropped by 12.68% to $25.21. Yesterday, the trading session closed with a decline by 3.13% more, to $24.42.<\/p>\n\n\n\n

\"Wendy’s<\/a><\/figure>\n\n\n\n

<\/span>Cleveland-Cliffs shares<\/span><\/h2>\n\n\n\n

The shares of an American metallurgic company Cleveland-Cliffs (NYSE: CLF) Started on June 8th. The quotations then grew by 4.65% to $20.07. They kept growing on the next day — by 14.55% to $23.22, tgeir high since January 2014.<\/p>\n\n\n\n

Note that the average daily trading volume of the company's shares is $22.45 million but on June 9th, it reached $89.03. On June 10th, the stock price demonstrated a minor decline by 1.12% to $22.96.<\/p>\n\n\n\n

\"Cleveland-Cliffs<\/a><\/figure>\n\n\n\n

<\/span>How the SEC reacted<\/span><\/h2>\n\n\n\n

According to the Wall Street Journal, the head of the US SEC Gary Gensler considers the probability of a change in tge market structure. He says, 47% of trades are made by high-speed traders and private trading platforms.<\/p>\n\n\n\n

Mister Gensler is sure that to keep trades transparent, the method of calculating the best selling\/buying price in the country is to be changed alongside the calculation methods for stock quotations at exchanges and brokers.<\/p>\n\n\n\n

<\/span>Summing up<\/span><\/h2>\n\n\n\n

Private investors from the Reddit social network found new goals for massive purchases meant for making money and punishing shortists. This time they chose Cleveland-Cliffs, Clover Health, and Wendy’s. At the beginning of the week, these quotations demonstrated noticeable growth but it changed to falling almost immediately.<\/p>\n\n\n\n

\nOpen Trading Account<\/a><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

Investors from Reddit found new goals for massive buying. New \"meme\" shares are Cleveland-Cliffs, Clover Health, and Wendy\u2019s.<\/p>\n","protected":false},"author":58,"featured_media":8716,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[704,1173,1176],"class_list":["post-8712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-cleveland-cliffs-inc","tag-gamestop-corp","tag-reddit-inc"],"yoast_head":"\nWhich Stocks are Now Popular Among Private Investors? - RoboForex Blog<\/title>\n<meta name=\"description\" content=\"Investors from Reddit found new goals for massive buying. 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