Highly shorted Krispy Kreme, GoPro jump as meme stock rally continues
1. Shares of highly-shorted firms like Krispy Kreme spiked due to social media buzz. 2. Retail traders' activities may influence DNUT amidst market movements.
FAQ
Why Bullish?
The increased interest in shorted stocks can create upward pressure on prices. Historical surges, like GameStop's rise in January 2021, show how retail trading can spark significant price jumps.
How important is it?
Social media can significantly shift market dynamics for stocks like DNUT, especially if the trend continues.
Why Short Term?
Market sentiment can change rapidly due to social media activity. Retail trading influences are often immediate, impacting prices within a few trading sessions.