Amateurs confound Wall Street big guns

31 January 2021 - 06:39 By Reuters

Wall Street braced on Friday for the return of an army of amateur investors to trading in GameStop and other hot stocks whose surges this week and subsequent suspension have pitched the little guy against short-selling hedge funds.

Shares in GameStop, AMC Entertainment and BlackBerry plunged more than 40% on Thursday after several online platforms imposed buying halts, but rebounded in late trading as Robinhood and Interactive Brokers said they planned to ease the restrictions...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.