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India’s small investors rush to join GameStop frenzy

India’s small investors rush to join GameStop frenzy
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India’s small investors are snapping up shares of U.S. retail investor favourite GameStop Corp, making the video game retailer the most traded stock on some Indian brokerages after anonymous social media posts fuelled a frenzied rally.

Shares of GameStop have surged 1,700% since Jan. 12 as amateur U.S. investors, monitoring social media comments, have piled in and forced professional short-sellers to abandon their positions with heavy losses…

To read more: https://www.reuters.com/article/india-stocks-gamestop-idUSKBN29X1AI

SOURCE: REUTERS

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