To The Moon

Sea (NYSE:SE) reported quarterly earnings of $0.63 per share which missed the analyst consensus estimate of $0.66 by 4.55 percent. This is a 61.54 percent increase over earnings of $0.39 per share from the same period

This second iteration of meme stock mania has Wall Street’s fingerprints all over it. While the so-called “Reddit Raiders” that propelled GameStop and AMC “to the moon” in 2021 certainly made a cameo, more sophisticated investors — who use machine-learning and algorithms to trade on momentum, and can even front-run the buying and selling of individual investors — appear to have been in on the action. On Fidelity’s retail trading platform, for instance, users have been placing more sell than buy