Summary:
To say that we’re witnessing something exciting would be a massive understatement. The users behind the Wall Street Bets group continue to surprise the market and they supposedly have a new target: American Airlines.As CryptoPotato reported yesterday, the price for GameStop (GME) stocks soared days after millions of users in a Reddit group called Wall Street Bets decided to buy it in an attempt to liquidate large Wall Street hedge funds who have been shorting it heavily.The results? Well, Melvin Capital – one of the hedge funds shorting GME, sold out of its position at a massive loss.Now, it appears that Wall Street Bets have a new target – American Airlines (ticked AAL).AAL shares are currently up about 40% in pre-market hours, though the price surged north of before correcting for an
Topics:
George Georgiev considers the following as important: AA News, social, United States, Wall Street
This could be interesting, too:
To say that we’re witnessing something exciting would be a massive understatement. The users behind the Wall Street Bets group continue to surprise the market and they supposedly have a new target: American Airlines.As CryptoPotato reported yesterday, the price for GameStop (GME) stocks soared days after millions of users in a Reddit group called Wall Street Bets decided to buy it in an attempt to liquidate large Wall Street hedge funds who have been shorting it heavily.The results? Well, Melvin Capital – one of the hedge funds shorting GME, sold out of its position at a massive loss.Now, it appears that Wall Street Bets have a new target – American Airlines (ticked AAL).AAL shares are currently up about 40% in pre-market hours, though the price surged north of before correcting for an
Topics:
George Georgiev considers the following as important: AA News, social, United States, Wall Street
This could be interesting, too:
Wayne Jones writes Charles Schwab to Launch Spot Crypto ETFs if Regulations Change
Wayne Jones writes Here’s When FTX Expects to Start Repaying Customers .5B
Dimitar Dzhondzhorov writes Is Cryptoqueen Ruja Ignatova Alive and Hiding in South Africa? (Report)
Wayne Jones writes Casa CEO Exposes Shocking Phishing Scam Targeting Wealthy Crypto Users
To say that we’re witnessing something exciting would be a massive understatement. The users behind the Wall Street Bets group continue to surprise the market and they supposedly have a new target: American Airlines.
- As CryptoPotato reported yesterday, the price for GameStop (GME) stocks soared days after millions of users in a Reddit group called Wall Street Bets decided to buy it in an attempt to liquidate large Wall Street hedge funds who have been shorting it heavily.
- The results? Well, Melvin Capital – one of the hedge funds shorting GME, sold out of its position at a massive loss.
- Now, it appears that Wall Street Bets have a new target – American Airlines (ticked AAL).
- AAL shares are currently up about 40% in pre-market hours, though the price surged north of $30 before correcting for an increase of around 85%.
- It’s worth noting that the company also reported a narrower-than-expected fourth-quarter loss, which might have added fuel to the pre-market pump.
- However, a move of the kind could also be easily tied with the fact that plenty of posts are appearing on the Wall Street Bets subreddit, discussing American Airlines as a stock that’s majorly shorted.
- This also caught the attention of the Daily Mail, as they reported that the stock price for AAL started surging immediately after the Reddit mention.