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WATCH: Insider's markets gurus discuss GameStop's explosive rally and the Reddit traders leading the phenomenon

Feb 4, 2021, 22:18 IST

A horde of casual traders congregating in online forums forced the hands of hedge funds, shocked Wall Street, and sparked a national conversation around the power of the retail investor.

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Shares of GameStop, AMC, and other highly shorted companies surged through January and remain at elevated levels as day traders pile into the so-called meme stocks. Some see the trend as a simple get-rich-quick scheme. Others have likened it to a revolution against Wall Street's old guard.

On Tuesday, February 2, three members of Insider's markets and investing teams broke down the dynamics behind the rally and how the retail-trader phenomenon can develop in the coming weeks.

Deputy editor Joe Ciolli spoke with:

Watch the full digital event above.

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