Original title: meme shares are mixed, retail trading frenzy cools down
Source: Zhitong Finance and Economics Network
This week has been a mixed week for meme stocks.
Zhitong Financial APP learned that this week, the AMC cinema chain fell 12%, while the game stationUp nearly 8%.
IronNet is the latest favorite of Wall Street's best portfolios, with its shares up 40 per cent, while AgileThought, another start-up, is up 7 per cent, according to the data.
But Greenidge Generation continued to fall, closing at $39.70.
However, while the volatility of individual stocks continues, the impact of retail trading groups on the market may have reached its peak.
Steven G. DeSanctis, small and medium-sized equity strategist at Jefferies, said: "the share of retail trading in total trading volume seems to have stabilized, just over 40 per cent, down from a peak of 47 per cent in February."
But he points out that this is "still well above the long-term average of about 30 per cent".
JPMorgan Chase & CoRetail investors were the dominant force driving the stock market higher this summer, it was said last week.
The data show that retail investors now seem less willing to work in the S & P 500 and Nasdaq than in the past.Buy when the index falls.
Wanda tracks order flows and traffic on retail trading platforms.
According to media reports, Ben Onatibia and Giacomo Pierantoni said: "although we have seen an increase in ETF purchases this week, they are slightly undersized compared to the previous sell-off. The willingness to support the stock market rally is waning, and if institutional investors continue to sell, there is likely to be a bigger sell-off. "
"retail investors have been insisting on buying when speculative stocks fall," Vanda Research said. However, excluding meme and infrastructure stocks, retail purchases this week are well below the historical average. "