@Phil
phil spade
@Phil · 4:43

Meme stock strikes again! Shares of a small company valued the same as Walmart!

Now, I will say this stock is down $480. Today, it's at 620. So it's not quite at the level that it once was, but even being at that level is head scratching. Now, in the cases of GameStop and AMC Entertainment, there were a number of investors, hedge fund investors, that had shorted that stock. And as the stock continued to rise, they had to cover that short position, which was buying the stock, which sent shares even higher

CNN: How a little-known stock soared 21,000% to overtake Costco.https://s.swell.life/STDYxzH8a4V8Zvk

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