Your Evening Briefing: Squeezable Shorts Are Running for Cover
Get caught up.
Photographer: Bloomberg
New names were added to the meme-stock frenzy as retail traders latched on to fresh favorites Wednesday. Prison operator GEO Group soared 60% and Clean Energy Fuels jumped at least 24%, making names like ContextLogic and Clover Health yesterday’s news. In Europe, Air Berlin climbed 138% after surging 54% the day before. But the Reddit crowd may want to heed this warning: the shorts are running for cover. Here’s your markets wrap. —David E. Rovella
Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic worldwide.