Jessica1804
2021-06-14
Apes need to focus their attention and not divide and conquer. Lol.
'Meme stock' rally pauses, Redditors focus on biotech stocks
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Lol.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/185780883","repostId":2143782484,"repostType":4,"repost":{"id":"2143782484","kind":"news","pubTimestamp":1623671400,"share":"https://www.laohu8.com/m/news/2143782484?lang=&edition=full","pubTime":"2021-06-14 19:50","market":"us","language":"en","title":"'Meme stock' rally pauses, Redditors focus on biotech stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2143782484","media":"StreetInsider","summary":"(Reuters) - Small-time stock traders turned their attention to the biotech and healthcare sectors on","content":"<p>(Reuters) - Small-time stock traders turned their attention to the biotech and healthcare sectors on Monday, lifting shares of some by as much as 10%, while the rally in stocks that were favored in recent weeks appeared to fade.</p>\n<p>Of the top 10 stocks trending on trading-focused social media site Stocktwits, vaccine developers Novavax Inc and Vaxart Inc were in the third and fourth spots, respectively, with message volume on Vaxart up 9.7% and nearly 97% of them reflecting a positive sentiment.</p>\n<p>Shares of Novavax jumped 10.3% in premarket trading as the company also reported late-stage data from a U.S.-based clinical trial showing its vaccine was more than 90% effective against COVID-19 across a variety of variants of the virus.</p>\n<p>Individual traders on forums such Reddit's WallStreetBets have acted in concert this year to bid up shares of heavily shorted stocks, triggering a phenomenon known as a \"short squeeze\", which pushes up stock prices even more.</p>\n<p>Video game retailer GameStop Corp and cinema operator AMC Entertainment, which were at the center of the so-called \"meme stock\" rally this year, have seen their share price soar more than 1,100% since the end of December.</p>\n<p>AMC shares were up 3.5% in early deals after jumping more than 300% in the past three weeks. 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