Stock Market

Amateurs beat Wall Street pros at their own game, & how!

It’s rare that a herd of retail traders push back the stronger hedge funds.

Synopsis

In September 2020, activist investor and founder of online pet food portal Chewy, Ryan Cohen bought 13% in the company.

The GameStop incident has caught the attention of markets, regulators and governments worldwide. It has been a classic financial power tussle between a swarm of amateur traders and the influential hedge funds, in which the former emerged victorious. ET looks at what transpired:WHAT IS THE GAMESTOP EPISODE ALL ABOUT?It revolves around an NYSE listed video game retailer GameStop that has been in distress in the past few quarters. Several large

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