{"id":209520,"date":"2021-01-28T17:18:12","date_gmt":"2021-01-28T22:18:12","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=209520"},"modified":"2021-01-28T17:18:12","modified_gmt":"2021-01-28T22:18:12","slug":"short-squeeze-storm-rages-as-markets-partially-rebound","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/short-squeeze-storm-rages-as-markets-partially-rebound\/","title":{"rendered":"Short squeeze storm rages as markets partially rebound"},"content":{"rendered":"

The Thursday chart of GameStop resembled a rollercoaster as the massive short squeeze storm continued. GME<\/a>‘s day range ran from $112.25 to $482.85 and finished -44% by the close. Meanwhile, the investing industry struggled to come to grips with this rogue phenemenon as trading platforms like Robinhood restricted trades for the so-called Reddit stocks. Robinhood now faces a class-action lawsuit while both Democrats and Republicans are starting to call for an investigation<\/a>.<\/p>\n

Stocks rebounded Thursday from Wednesday’s sudden sell-off, but gave back half of the day’s gains by the close. The Dow and S&P climbed nearly 1% while the Nasdaq inched up 0.5%. The TSX rebounded 1.47% led by materials and industrials, though tech stocks took a hit. Mining stocks were the day’s leaders as First Majestic Silver<\/a> soared over 21% and Endeavour Silver<\/a> leapt 16.48%. Outside mining, Savaria<\/a> was the best-performing stock, popping 9% after announcing<\/a> it was buying a Swedish competitor.<\/p>\n

Blackberry<\/a>, which had been lifted by the short squeeze this week, plunged 40%, in very heavy trading. On Wall Street, all 11 sectors of the S&P rose. The GameStop-Reddit controvery eclipsed Apple’s and Facebook’s blow-out quarters and their feud<\/a>. Apple<\/a> slipped 3.5% and Facebook<\/a> fell 2.62%. Struggling American Airlines<\/a> repeated a modest A4 beat, but the Reddit buyers propelled this stock to close 9.3%. On the other end of the squeeze, Bed Bath & Beyond<\/a> plunged over 36%. Without the help of squeezes, Disney<\/a> rallied 5.43%. Markets are keeping an eye on futures in what will likely be another volatile day of trading to end the week.<\/p>\n

🎮 GameStop Corp.<\/a> -44%
\n🥈 First Majestic Silver<\/a> +21%
\n🥈 Endeavour Silver Corp.<\/a> +16.48%
\n👩‍🦽 Savaria Corp<\/a> +9%
\n📱 BlackBerry<\/a> -40%
\n🍎 Apple<\/a> -3.5%
\n🕵️‍♂️ Facebook<\/a> -2.62%
\n🛫 American Airlines Group<\/a> +9.3%
\n🛏 Bed Bath & Beyond<\/a> -36%
\n👸 Walt Disney<\/a> +5.43%<\/p>\n","protected":false},"excerpt":{"rendered":"

The Thursday chart of GameStop resembled a rollercoaster as the massive short squeeze storm continued. GME‘s day range ran from $112.25 to $482.85 and finished -44% by the close. Meanwhile, the investing industry struggled to come to grips with this […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-209520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/209520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=209520"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/209520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=209520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=209520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=209520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}