The stock market is always moving, and some stocks tend to make larger moves than others. These large moves can be driven by a variety of factors, including company news, industry trends, and broader market conditions. In this article, we’ll take a look at some of the stocks that have made the biggest moves in recent days and explore what might be driving those movements.
GameStop (GME)
GameStop (GME) – GameStop is a video game retailer that has been in the news a lot lately due to the “Reddit rally” that occurred earlier this year. In late January, a group of retail investors on the Reddit forum r/wallstreetbets banded together to drive up the price of GameStop’s stock in what was essentially a short squeeze. The stock surged from around $20 to over $400 in just a few days, before crashing back down to around $40 in the following weeks. The stock has since bounced back somewhat and is currently trading around $50. The recent movement in the stock is likely due to a combination of factors, including the ongoing short interest in the stock and the company’s recent announcement that it is planning to build an NFT platform.
Tesla (TSLA)
Tesla (TSLA) – Tesla is an electric vehicle company that has been a darling of Wall Street for several years now. The stock has had an incredible run, rising from around $100 per share in early 2020 to over $900 per share in early 2021. However, the stock has been volatile in recent months and is currently trading around $800 per share. The recent movement in the stock is likely due to a number of factors, including the company’s fourth quarter earnings report, which showed that it delivered a record number of vehicles in 2020, and the broader market conditions, which have been turbulent in recent weeks.
AMC Entertainment (AMC)
AMC Entertainment (AMC) – AMC is a movie theater chain that has been hit hard by the COVID-19 pandemic. The stock was trading around $7 per share in late 2020 but surged to over $20 per share in January of this year as part of the Reddit rally. The stock has since fallen back down to around $6 per share. The recent movement in the stock is likely due to a combination of factors, including the company’s announcement that it is planning to reopen its theaters in the coming weeks and months, as well as the broader market conditions.
Apple (AAPL)
Apple (AAPL) – Apple is one of the most valuable companies in the world, and its stock has been a stalwart of the stock market for many years. The stock has had a strong run in recent months, rising from around $100 per share in early 2020 to over $140 per share in early 2021. The recent movement in the stock is likely due to a combination of factors, including the company’s strong first-quarter earnings report, which showed that it delivered record revenue and earnings per share, as well as the broader market conditions.
Final WordsÂ
This is all about Stocks making the biggest moves. In summary, these are just a few of the stocks that have been making the biggest moves in recent days. The movements in these stocks are likely due to a variety of factors, including company news, industry trends, and broader market conditions. It’s important to remember that the stock market is inherently unpredictable and that past performance is not necessarily indicative of future results. As such, investors should always do their own research and consult with a financial advisor before making any investment decisions.