Another GameStop rally kicks off, shorts traders take $673 million hit

GameStop and AMC, two wildly popular meme stocks among members of Reddit’s WallStreetBets forum, soared more than 16% and 19% respectively as speculative assets picked up steam. Those gains pushed mark-to-market losses for short-sellers to roughly $8.1 billion for the year

from Markets-Economic Times https://ift.tt/3upvL7V