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GameStop Conundrum - Know what led to the SURGE in this stock

Until Thursday, it appeared retail traders had the upper hand. Coordinating on forums such as Reddit’s Wallstreetbets, the small investors forced hedge funds to unwind short positions that had bet on the decline of shares in companies such as GameStop and American Airlines. That activity resulted in a short squeeze that sent the shares soaring

SOURCE: NASDAQ
https://www.zeebiz.com/world/news-gamestop-conundrum-know-what-led-to-the-surge-in-this-stock-147320
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