WSB (WallStreetBets) is a Reddit community of investors and traders who follow the stock market. The WSB list includes stocks that receive a lot of media attention and have a strong sentiment from retail investors. The popularity of these stocks among retail investors combined with social media creates viral trends with a global reach and large price movements. WSB investors are attracted to "meme stocks" and popular "blue-chip" stocks due to their familiarity, volatility and momentum. Since meme stocks often experience rapid price movements, traders can potentially make quick profits as more investors rally around a stock, creating a sense of community among meme stock traders. Many people who invest in meme stocks are active participants in online forums and social media groups where they share information and insights about trading strategies, market trends, and individual stocks.
A single sentence boosts stock price, Trump Media Company instantly surges 30%.
Trump said he absolutely has no intention of selling his holdings after the lock-up period, and media stock prices of Trump soared during trading. Trump holds nearly 0.115 billion shares of the company, with a market cap of $1.85 billion at the market open on Friday. By the close, the stock price had fallen nearly 80% from its high point in March.
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