Day traders fueling enormous gains in popular stocks such as GameStop are also powering big swings for another hot investment: SPACs. But lately, day traders are even putting money into SPACs before they have revealed what company they are buying. At that stage, they are pools of cash, so investors are wagering that the company will eventually complete an attractive deal, The Wall Street Journal reports. Read more.
GameStop Day Traders Are Moving Into SPACs: Report
