Biggest Stock Losers This Month Canada
January kicked off with chaotic markets as Reddit-inspired retail investors banded together to spark a rally in beleaguered stocks that were among the most-shorted in hedge fund landNow details of the damage are coming in. The Nasdaq 100 Index lost almost 3 as traders turn away from tech in favor of so-called value stocks that had underperformed during the pandemic bringing its losses since a peak last month to 8.
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Melvin Capital Management took the biggest known hit thus far sinking 53 after its aggressive and leveraged short on GameStop.
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