(Bloomberg) — The days of meme stocks marching to their own tune have come to an end.A basket of 50 stocks that were placed on a restricted trading list by Robinhood Markets at the height of January’s retail trading mania is now moving in the same direction as the S&P 500. The rolling 30-day correlation between the two turned positive last week for the first time since the curbs were enacted, according to data compiled by Bloomberg.GameStop Corp. shares, the embodiment of the Reddit-induced frenzy, flipped from a negative to positive correlation on Wednesday.The return of …
finance.yahoo.com/news/reddit-frenzy-stabilizes-meme-stocks-180055935.html
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