Meme Stocks Continue To Surge As Traders Move To Biotech
The meme stock crowd turned its attention to biotech and healthcare stocks this morning, boosting some shares by as much as 10%. Meanwhile, stocks that retail traders had favored in recent weeks started to fade. Q1 2021 hedge fund letters, conferences and more Retail traders turn to the healthcare and biotech sectorsReuters reports that of the top 10 stocks on Stocktwits, Vaccine developers Novavax, Inc. (NASDAQ:NVAX) and Vaxart Inc (NASDAQ:VXRT) ranked third and fourth, respectively. While the Reddit forum Wall Street Bets has been a contributing factor to the rally in many heavily shorted st...