We haven't seen moves like these in a couple of years, so here's what investors should know.
In the first month of 2023, we saw some of the most beaten-down stocks in the market double or triple, and in some cases move by 50% or more in a single day. Many of these moves are likely caused by short squeezes, and in this video, Certified Financial Planner® Matt Frankel discusses what short squeezes are, how they happen, and what to do if one happens with a stock you own.
*Stock prices used were the morning prices of Feb. 7, 2023. The video was published on Feb. 7, 2023.
Matthew Frankel, CFP® has no position in any of the stocks mentioned. The Motley Fool recommends Silvergate Capital. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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