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Tuesday, August 4th, 2020

The Robinhood phenomenon – how day traders became 20% of US share volumes

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by July 27, 2020 Financial News

BizNews — South Africans first heard of the US’s new day trading force after seeing embattled Sasol shares surge from R20 to R180 in a matter of weeks. Less spectacular price-wise but far bigger in volumes was a tripling in the Tesla share price – the favourite of stay-at-home traders who now drive 20% of the total turnover in US stock markets. Charlie Turner and Michael Wursthorn of our partners at the Wall Street Journal take a look at the new phenomenon that is massively distorting US share prices…. …

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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