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Why GameStop, Naked Brand, Rocket Companies, and Other Reddit Stocks Soared Today

TheMotleyFool

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Reddit's army of individual investors appears to be growing ever more powerful. After taking some time to regroup and emboldened by their recent success with AMC Entertainment (NYSE: AMC), these traders launched a major counteroffensive on Wednesday -- one that helped to drive the prices of multiple stocks sharply higher.

Here's how some of the most popular stocks on Reddit fared today:

AMC Entertainment rocketed 95% as people ramped up their promotion of the stock on Reddit, Twitter, and other social media sites. By coordinating their purchases, these investors hope to fuel a steep rally in AMC's stock price and ignite a massive short squeeze.

Source Fool.com

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