Down Came Reddit Users and Wiped BlackBerry’s (TSX:BB) Stock Rally Out*
Puja Tayal | January 28, 2021 | The Motley Fool
The last seven days saw some staunch moves from Reddit users of subreddit r/WallStreetBets. The target was less-popular stocks BlackBerry (TSX:BB)(NYSE:BB) and Gamestop. This was one of the rare moments when retail investors became the stock price movers. It’s generally the hedge funds who are the market movers.
WallStreetBets became an overnight sensation and discussed the two stocks in depth. And the result was that BlackBerry’s stock rallied around 30-38% in two of the last four trading days, almost doubling during this time.
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