This Soaring Nasdaq Stock Is Proof That the Market Is Broken

Motley Fool2021-04-01

The lesson is to beware of low-volume stocks. The stock market had a good day on Wednesday, and theNasdaq Composite(NASDAQINDEX:^IXIC)in particular powered markets higher. The Nasdaq was up 1.75% at ...

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Ichua
2021-04-01
Ichua
Pop
LACS
2021-04-01
LACS
AMC$GameStop(GME)$
Eliastan
2021-04-01
Eliastan
Huat
YYTeng
2021-04-01
YYTeng
Like miy comment back thansk
- zhen130:
  Pls reply
YYTeng
2021-04-01
YYTeng
To the moon
Kanyon
2021-04-01
Kanyon
Hi
- Kanyon:
  Sureof cos
- WMIING:
  Comment and like back pls
- Kanyon:
  Hi

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The Nasdaq was up 1.75% at ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/31/this-soaring-nasdaq-stock-is-proof-that-the-market/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.fool.com/investing/2021/03/31/this-soaring-nasdaq-stock-is-proof-that-the-market/","article_id":"1173770469","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173770469","pubTimestamp":1617267371,"sourceInfo":null,"weMediaInfo":null,"summary":"The lesson is to beware of low-volume stocks.\n\nThe stock market had a good day on Wednesday, and the","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite"},"translate_title":"纳斯达克股市的飙升证明了市场已经崩溃","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":0.9},"content_text":"The lesson is to beware of low-volume stocks.\n\nThe stock market had a good day on Wednesday, and theNasdaq Composite(NASDAQINDEX:^IXIC)in particular powered markets higher. The Nasdaq was up 1.75% at 2 p.m. EDT, and investors were generally pleased to see that the prospects for economic expansion and recovery look increasingly strong. After a slump,high-growth stocks  looked ready to return to their big gains.\nYet another popular trend lately caused an aberration that shows just how inefficient markets can be. The move affected investors inDiscovery(NASDAQ:DISCA)(Nasdaq: DISCB)(NASDAQ:DISCK), and huge disparities across three different share classes effectively proved that at least in some ways, the stock market is fundamentally broken right now.\nThe big jump\nDiscovery's Series B shares soared more than 70% Wednesday afternoon. They had briefly doubled earlier in the session before falling back.\nDiscovery stock has been in the news lately as all of its share classes have seen big moves. For much of 2021, Discovery has been on the rise amid excitement about its Discovery+ streaming service. 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However, typical trading volume varies greatly. Average volume for Series A and Series C shares amount to 13 million and 9 million, respectively. But a typical day brings just 3,000 shares of trading volume for Series B.\nThat all changed on Wednesday, with more than 1.1 million shares changing hands as of 2 p.m. EDT. Some ascribed the move to the investors at the WallStreetBets investing board onReddit. Others pointed to the possibility of a short squeeze, although short interest as of March 15 was exceptionally low.\nMarket inefficiency is here to stay\nMost of the time, these three share classes trade in similar patterns. The super-voting shares tend to cost a little more than the Series A regular voting shares, which in turn trade at a slight premium to non-voting Series C shares. Interestingly, disparities started getting larger in the spring of 2020, with Series B shares being the first to rise until the other share classes caught up toward the end of the year.\nUnfortunately, the recent surge will likely lead uninformed investors to make mistakes. Many will jump into the soaring Series B stock because it rose, not realizing that they could buy the same economic interest in Discovery at a fraction of the price. If you believe that Discovery is undervalued, then the right move right now is to buy the much-cheaper Series A or Series C shares.\nOdd trading activity has been on the rise, and inefficiencies can persist a lot longer than you'd imagine. 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href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>","listText":"AMC<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>","text":"AMC$GameStop(GME)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357624506","repostId":1173770469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":357621699,"gmtCreate":1617269182411,"gmtModify":1704698067606,"author":{"id":"3562125468231185","authorId":"3562125468231185","name":"Eliastan","avatar":"https://static.tigerbbs.com/39a357e5304ac07a50b93e0b05b4a143","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3562125468231185","authorIdStr":"3562125468231185"},"htmlText":"Huat","listText":"Huat","text":"Huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357621699","repostId":1173770469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":357662118,"gmtCreate":1617268397834,"gmtModify":1704698058357,"author":{"id":"3554265492897269","authorId":"3554265492897269","name":"YYTeng","avatar":"https://static.tigerbbs.com/ba5110d4888aea92a508eef32491ccb0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3554265492897269","authorIdStr":"3554265492897269"},"htmlText":"Like miy comment back thansk","listText":"Like miy comment back thansk","text":"Like miy comment back thansk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/357662118","repostId":1173770469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3938810,"gmtCreate":1617273931538,"gmtModify":1680782576549,"authorId":3570360623104656,"author":{"id":3570360623104656,"idStr":"3570360623104656","authorId":3570360623104656,"name":"zhen130","avatar":"https://static.tigerbbs.com/553509e2e649eaf0d39f267a7e6de1a1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":357662118,"type":1,"supId":0,"prevId":0,"content":"Pls <u>reply</u>","text":"Pls <u>reply</u>","html":"Pls <u>reply</u>"}],"langContent":"EN"},{"id":357662383,"gmtCreate":1617268380842,"gmtModify":1704698058195,"author":{"id":"3554265492897269","authorId":"3554265492897269","name":"YYTeng","avatar":"https://static.tigerbbs.com/ba5110d4888aea92a508eef32491ccb0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3554265492897269","authorIdStr":"3554265492897269"},"htmlText":"To the moon&nbsp;","listText":"To the moon&nbsp;","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357662383","repostId":1173770469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":357660577,"gmtCreate":1617267861099,"gmtModify":1704698050415,"author":{"id":"3567979712068924","authorId":"3567979712068924","name":"Kanyon","avatar":"https://static.tigerbbs.com/5b4865bae805415342780f86469a2ba7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3567979712068924","authorIdStr":"3567979712068924"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/357660577","repostId":1173770469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3951083,"gmtCreate":1617433221403,"gmtModify":1680782761003,"authorId":3567979712068924,"author":{"id":3567979712068924,"idStr":"3567979712068924","authorId":3567979712068924,"name":"Kanyon","avatar":"https://static.tigerbbs.com/5b4865bae805415342780f86469a2ba7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":357660577,"type":1,"supId":3938331,"prevId":0,"content":"Sureof cos","text":"Sureof cos","html":"Sureof cos"},{"id":3938331,"gmtCreate":1617268896056,"gmtModify":1680782567849,"authorId":3554213821224025,"author":{"id":3554213821224025,"idStr":"3554213821224025","authorId":3554213821224025,"name":"WMIING","avatar":"https://static.tigerbbs.com/39217f40d9dc4a9a15fac00f34f63d83","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 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