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SEC warns against investing in SPACs based solely on celebrity backing

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작성자 Annetta 댓글 0건 조회 5회 작성일 25-05-16 08:38

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March 10 (Reuters) - The U.S. Securities and Exchange Commission (SEC) cautioned investors on Wednesday about buying shares of so-called special purpose acquisition companies only because they are backed by celebrities, including movie stars and athletes. GameStop shares jumped to a high of $483 per share early in the day, then dropped to around $246 by midday ET, only to rally minutes later to more than $300.

AMC, similarly, had gone as high as $16.50 per share before dropping to about $8 and then inching up to $9.50.  GameStop and AMC stocks at the center of a multibillion dollar drama between Wall Street investors and social media traders on Reddit have dropped dramatically Thursday. Some of the $1,400 in payments heading to most Americans could end up in the stock market and could provide a boost for GameStop and other stocks popular among retail investors active in online social media forums.

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