There are more than 177 million retail investors, or individual traders, in China. News website Business Insider cited anonymous sources familiar with the matter as saying Bell was ousted by new GameStop board member Ryan Cohen, an activist investor known for shaking companies up to get them on the path to success. U.S. brick-and-mortar video game retailer GameStop continued to be a focus on Wall Street. Wall Street’s GameStop saga won’t stop. Retail traders dominate equity markets in the world’s second-biggest economy, with stock forums like … Copyright 1995 - But it does demonstrate the increased power that regular investors suddenly have. "The first bounce is the greatest while subsequent bounces are a bit more muted. America's Richest Self-Made Women. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. No clear reason seems to be behind this recent move, leaving market observers grasping at what little news is out there. Disclaimer. All rights reserved. Until online trading platforms paused the “meme” trade in GameStop … https://insiderfinancial.com/how-to-find-the-next-gamestop-nyse-gme/180904 Just as Millennials and Gen Zers in the United States have bemoaned the hedge funds and short-sellers that are part of the Wall Street elite, many small investors in China have cried foul over what they see as exploitation of the market by the big institutions. Most stock quote data provided by BATS. All rights reserved. "Hang in there diamond hands. 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Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. China is no stranger to market volatility driven by frenzied trading. Amateur investors on online forums flexed their buying muscle on shares of unloved companies such as AMC cinema and headphone maker Koss as well. We're still getting a bounce, but it's probably not going to drive up GameStop to $500 a share.". If he had sold the options at Friday’s price, he could have made more than $7 million on the bet. After weeks of dormancy, shares of GameStop jumped 18.6 percent to close at $108.73 on Thursday, having surged 75 percent in the last hour of trading on Wednesday. The spike in shares of GameStop, trading in the Nasdaq under the symbol GME, began a day after it was announced that its chief financial officer Jim Bell will step down on March 26. China Daily | Shares of GameStop then catapulted to as high as 483 percent, closing out January with a 1,625 percent rally. 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