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28 July 2021
19:17 hour

NURO Stock: Why Reddit Traders Are Targeting Red-Hot NeuroMetrix Today

Reddit Stock Market

22/07/2021 - 04:14

NURO Stock: Why Reddit Traders Are Targeting Red-Hot NeuroMetrix Today | InvestorPlace · By Brenden Rearick, InvestorPlace Assistant News Writer July 21, 2021 NURO stock continues yesterday's hundred-plus percent gains today thanks to retail traders Today is a very surprising one for those holding NeuroMetrix (NASDAQ:NURO) stock. Yesterday saw huge news coming from the biotech outfit, which catalyzed huge gains. And today, those gains are recurring. Things are quiet out of the NeuroMetrix camp today, and yet, the stock is seeing gains equal to those resulting from yesterday’s announcement. What’s the deal here? Well, it seems like retail traders are taking NURO stock and running with it. As InvestorPlace‘s William White reported yesterday, NeuroMetrix dropped some very big news on investors. The company achieved “Breakthrough Device Designation” from the Food and Drug Administration (FDA) for its Quell device. Quell is a neurostimulation device that helps fibromyalgia patients manage their symptoms conveniently. As a result, NURO stock saw gains of over 140% from the news, with investors flocking to buy the stock. NURO Stock Continues Upward Tear, Thanks to Retail Short Squeezers It’s just hours after the opening bell, and NURO stock has already doubled in value. Why is the stock doing better today than yesterday, where there is no real, tangible news to report? Well, the answer lies in the short volume. In a now deleted post, one r/WallStreetBets user encapsulated today’s events perfectly with their advice to traders: “Get in on $NURO!!! You all talk about short squeezes and making hedgies pay, well more short positions were opened up because of the stock’s 200% run yesterday. If you want to burn shorts here’s your chance.” Short interest is increasing on NURO stock after yesterday’s gains; institutional investors seem to think the company’s value is overstated. As such, NURO is seeing a short volume ratio of nearly 18%. And of course, we all know what happens when r/WallStreetBets sees a stock with a high short volume: They buy. And they are certainly buying today. Well over 40 million shares of NURO are trading hands today, against the daily average volume of just 4.5 million. NURO stock is up a whopping 143% on this buying spree. On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.   submitted by   /u/SavannahSmiles_ [link]   [comments]


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Related headlines:

  1. NeuroMetrix stock more than triples on massive volume after fibromyalgia treatment gets FDA boost (21/07/2021 - Reddit Stock Market)
    NeuroMetrix stock more than triples on massive volume after fibromyalgia treatment gets FDA boost | Morningstar Provided by Dow Jones Tomi Kilgore Jul 20, 2021 2:54 PM EDT In this article: NURO +153.39% ^GSPC +0.57% Shares of NeuroMetrix Inc. (NURO) rocketed 241% toward a two-year high on record volume, after the Massachusetts-based medical device company said its Quell transcutaneous electric nerve stimulator received "Breakthrough Designation" from the Food and Drug Administration to treat fibromyalgia symptoms in adults. Trading volume ballooned to 228.3 million shares, compared with the full-day average over the past 30 days of about 125,600 shares, to make the stock the biggest gainer and most actively traded on major U.S. exchanges. Fibromyalgia is a form of chronic pain that affects 5 million to 15 million people, or 2% to 6% of the U.S. population, and is most often diagnosed in people between the ages of 30 and 50. Quell is a non-invasive wearable neurostimulator that provides flexible and precise nerve stimulation. Under the Breakthrough Designation program, the FDA will provide the company with priority review and interactive communication on device development through commercialization. In addition, there are government programs which may facilitate Medicare reimbursement. The stock has now rallied 251.9% year to date, while the SPDR Health Care Select Sector ETF (XLV) has gained 13.5% and the S&P 500 has advanced 15.3%.   submitted by   /u/SavannahSmiles_ [link]   [comments]
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  2. NeuroMetrix stock joins Reddit-driven rally with 60% rise in Q2 revenue (22/07/2021 - Seeking Alpha)

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  3. How to Spot the Next Reddit Favorite (13/06/2021 - Reddit Stock Market)
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  6. Earnings Outlook: GameStop earnings countdown: But what’s the fun in fundamentals, say Reddit traders on the rocket emoji launchpad (22/03/2021 - Market Watch)
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  11. AMC, other meme stocks retreat from highs on Wall Street; another crash coming for Reddit traders? (07/06/2021 - Financial Express)
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  12. Fastly(FSLY) had a worldwide outage Today resulting in sites such as Amazon, Reddit, and Walmart crashing yet their stock price went up 10% (09/06/2021 - Reddit Stocks)
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  13. BB stock and its potential (10/02/2021 - Reddit Stocks)
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  14. NeuroMetrix reports Q2 results (22/07/2021 - Seeking Alpha)

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  19. Were bigger growth stocks today hyped on reddit and YouTube 5+ years ago? (22/06/2021 - Reddit Stocks)
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  23. NeuroMetrix shares surge after 60% rise in Q2 topline (22/07/2021 - Seeking Alpha)

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  24. How to know when a stock isn’t overinflated because someone just posted a DD about it on Reddit? (11/02/2021 - Reddit Stocks)
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  25. ASO Analysis from Reddit (05/04/2021 - Reddit Stock Market)
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  26. Should I buy AMC shares today? (30/06/2021 - The Motley Fool UK)
    AMC Entertainment (NYSE: AMC) shares are in the limelight. In the past month, the stock is up more than 75%. And in the last 12 months, it has increased by over 1,200%. But what’s been driving the share price? Well it’s a ‘meme’ stock. Let me explain further. Meme stocks It’s no surprise that the pandemic has taken its toll on AMC. Most of its cinemas were temporarily shut during lockdown. But institutional investors, such as hedge funds, have been short-selling the stock. It’s a fancy way of saying that they have been betting that the AMC share price would fall. However, retail investors have been collaborating on Reddit (WallStreetBets). These small traders have been egging each other on to buy the stock. The surge in AMC shares has meant huge losses for the short-sellers. These small investors have also targeted other stocks like GameStop. These have become meme stocks or online phenomena that have gone viral. According to yolostocks.live, AMC is the sixth most trending meme stock. Needless to say the shares are still being monitored by retail traders. Should I buy AMC shares? In short, the stock is on my watch list. There are a few reasons why I’m not buying yet. The first one is the high valuation. Clearly, the Reddit traders have been driving AMC stock higher, which means that the share price is over-inflated. At some point this meme stock rally is going to run out of steam. So just as the stock rose very quickly it could rapidly fall too. These small traders may also decide to take profits on their holdings. The high valuation means that AMC shares are going to be sensitive to any negative news. My second reason is that I don’t think the influence of online traders on the AMC share price is going to end anytime soon. As I mentioned, the cinema chain is among the top 10 stocks being discussed by Reddit users. I think it’s worth highlighting here that even AMC has acknowledged its retail investors. In its recent shareholder counter announcement, the company mentioned that “more than 80% of AMC shares are held by a broad base of retail investors with an average holding of around 120 shares”. So what does this mean? Well, whether these small investors buy or sell, I expect there to be some share price volatility. I don’t think meme stock trading is over just yet. In fact, AMC launched its ‘Investor Connect’ platform where it plans to reward its retail investors with incentives such as free popcorn. So far, the shares have held up well. But I’m unsure how long this is going to last. The company The environment is starting to look favourable for AMC. It has now reopened its sites, especially in the US. And the vaccination programme should encourage people to go and watch movies on the big screen. Over the coming months, new long-waited films are expected to be released, which should also help the company’s recovery. These should act as tailwinds for AMC shares. But I’m not buying just yet. The post Should I buy AMC shares today? appeared first on The Motley Fool UK. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner. But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared. What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! More reading 3 reasons why I’m avoiding AMC shares What’s going on with the AMC share price? Should I buy AMC stock today at $59? Should I buy Reddit stocks AMC Entertainment or GameStop? Why I think the AMC Entertainment share price could keep rising Nadia Yaqub has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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  27. NeuroMetrix shares surge after Quell FDA Breakthrough Designation (20/07/2021 - Seeking Alpha)

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  28. Microcap NeuroMetrix surges ~196% following FDA Breakthrough Designation for device (20/07/2021 - Seeking Alpha)

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  29. $NURO trading at $450k in 2006? Can someone explain this to me? (05/05/2021 - Reddit Stock Market)
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  30. #premarket 07/22 $PRFX $SQBG $EYES $NURO $SOS (22/07/2021 - Reddit Stock Market)
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  31. Reddit appears to be working on going public. Would you buy shares of Reddit? (07/03/2021 - Reddit Stock Market)
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  32. How to Spot the Next Reddit Favorite (14/06/2021 - Reddit Stocks)
    Trying to keep up with the frenzied rise of so-called meme stocks might feel a bit like playing a game of whack-a-mole, bewildering analysts and investors alike. While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit icon GameStop Corp. jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record levels. Investors looking for other stocks that might fit that mold will find nearly 230 firms with a market capitalization of at least $100 million and short interest of 15% or more, according to S3 Partners data compiled by Bloomberg. More than 80% of those names have managed positive returns over the last month with the average gain sitting at about 18%, while the S&P 500 Index rose 2.3%. Read the full story here- https://www.bloomberg.com/news/articles/2021-06-13/a-meme-stock-is-born-how-to-spot-the-next-reddit-favorite   submitted by   /u/rugerapatt [link]   [comments]
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  33. Investors are taking over Reddit (14/03/2021 - Reddit Stock Market)
    With all of the news and commotion going around there has been a spike in new reddit users in the past few months. Subs have spiked in numbers as well. Are these numbers going up as a result in the increasing numbers in bots? Has it turned into a place for retail investors to actually band together on their favorite stocks? Or is it just a place for people to stay informed with today's news on stocks/cryptocurrency? This is just a general thought, but more retail investors seem to be relying on Reddit for news on stocks instead of relying on news channels, investing channels, etc. It is coming to my attention that a new generation of Reddit is forming. Not only are retail investors adding in numbers, but the big guys are joining in as well. Reddit as a whole is making history, and possibly shaping the future of the stock market. It is a marvelous thing to be apart of. Either what I am saying is true, or I am just as ignorant as the next guy. Disclaimer: I really know nothing. This is just me spit balling at what I think the future to investing may look like.   submitted by   /u/Kingaplg8 [link]   [comments]
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  34. #premarket 07/21 $CEMI $LEXX $XTNT $NURO $PRFX (21/07/2021 - Reddit Stock Market)
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  35. Motley fool is the worst. (18/02/2021 - Reddit Stocks)
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  36. NeuroMetrix reports data from Quell trial for treatment of fibromyalgia; shares up 7% (09/06/2021 - Seeking Alpha)

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  37. Neurometrix gains on trial results of neurostimulation device Quell for fibromyalgia (26/07/2021 - Seeking Alpha)

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  38. Learning the mindset of powerful traders and mastering the art of currency and commodity trading easily. (31/05/2021 - Reddit Stock Market)
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  39. Reddit darling Clover Health set for record high in latest 'meme stock' rally (09/06/2021 - Reddit Stock Market)
    https://finance.yahoo.com/news/reddit-darling-clover-health-jumps-083233874.html Wed, June 9, 2021, 1:32 AM (Reuters) -Shares of Clover Health Investments Corp jumped 18% and were on course to hit an all-time high on Wednesday, with individual traders on online discussion forums pumping up the stock a day after they sent it soaring about 86%. Medicare-backed insurance seller Clover Health is a new favorite of small-time traders who had previously sent shares of GameStop Corp and AMC Entertainment Holdings soaring using social media channels such as Reddit's WallStreetBets. On trading-focused site Stocktwits, message volume related to Clover Health more than doubled and 95.4% of the messages reflected a positive sentiment toward the heavily shorted stock. Clover Health was also among the most traded stocks premarket after logging the highest trading volume on U.S. exchanges on Tuesday. Among other "meme stocks", shares of video-game retailer GameStop were up 2.7% on Wednesday, while AMC and security solutions provider BlackBerry's U.S.-listing fell 7.4% and 5.4%, respectively. Lordstown Motors Corp was down 1.4% after Tuesday's 16.3% tumble, which was sparked by a "going concern" warning. The recent surge in some meme stocks has spurred some hedge funds into using options to bet against them while capping risk, seeking to avoid the fate of Melvin Capital, which was hit hard after betting against GameStop earlier this year. Clover's stock has climbed about 32% in the year through last close, with a Reddit-fueled jump of 190% this month making up for lackluster returns earlier in the year. (Reporting by Sagarika Jaisinghani and Aaron Saldanha in Bengaluru; Editing by Sriraj Kalluvila)   submitted by   /u/SavannahSmiles_ [link]   [comments]
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  40. Reddit is planning to go public... How will the current situation affect this? (25/03/2021 - Reddit Stocks)
    So Reddit is planned to drop it's IPO. However, with the current situation of the mod everyone is talking about, I don't think this will be good for reddit. They recently fired said employee. They've been silent up until 30 minutes ago from the time I typed this out: https://www.reddit.com/r/announcements/comments/mcisdf/an_update_on_the_recent_issues_surrounding_a/ How do you all think this will affect reddit when it's released to the public? Do you think this will cause it to be shorted? Or will firing them make people like reddit again?   submitted by   /u/SystemLegal [link]   [comments]
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  41. Reddit Trading Group WallStreetBets Goes Private: Where Will Retail Traders Go Now? (03/07/2021 - Reddit Stock Market)
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  42. We made a website to aggregate reddit stock mentions to give everyone live visibility to trending stocks (19/02/2021 - Reddit Stocks)
    In the reddit and meme driven age of stocks, understanding social media trends is extremely useful to swing trading. Inspired by the power of reddit to drive these stocks, we made a program to scrape reddit for stock tickers and find trends by analyzing increases in mentions over time. We then put this information up on a website (memebergterminal.com) so everyone can see and make use of this information instead of just leaving it as a github somewhere so only devs can make use of it (or just keeping the data for ourselves) The idea was to actually make something actionable instead of just getting reddit mentions without context, so some things we collected in addition to the mentions were - - Percent change in 24 hours - to see what stocks are growing significantly - 7 day trend - to see if a stock is growing over time - Reddit comments and links to them - to understand if sentiment is positive or negative towards a stock - Stock and mentions graph side by side - to compare the stock growth and mentions count over time to see if there is a correlation and if it is too late to enter a trade. - Sorting by percent change, mentions, and a smart score that combines the two. Hope this reddit data helps someone trade better! TLDR - We made a script to scrape reddit stocks, and then decided to put it up on a site - memebergterminal.com, so everyone can access the data.   submitted by   /u/rithpath [link]   [comments]
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  43. Advice (05/04/2021 - Reddit Stock Market)
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  44. Many traders lose their capital and according to statistics, these traders make up 90% of the total number of traders in the Forex market. (15/07/2021 - Reddit Stock Market)
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  45. banned from another sub reddit (29/06/2021 - Reddit Stocks)
    what is it with these sub reddit, only bulls are allowed that confirms their bias. I merely shared what I know and what would happened by Monday to the stock, and it did. I guess people only like to be in an echo chamber. Tomorrow and by eow that same stock will be down another 30%. Such thin skin, grow a pair kids.   submitted by   /u/rockwellave [link]   [comments]
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  46. : It’s meme stock Whac-A-Mole as retail crowd shifts from Petco to pickles to electric cars in two days (15/06/2021 - Market Watch)
    Meme traders are rushing from pet food to canned food to electric minivans? Must be Reddit working the short sellers again.
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  47. : It’s meme stock Whac-A-Mole as retail crowd shifts from Petco to pickles to electric cars in two days (15/06/2021 - Market Watch)
    Meme traders are rushing from pet food to canned food to electric minivans? Must be Reddit working the short sellers again.
    [visit article]
  48. NewsWatch: It’s meme stock Whac-A-Mole as retail crowd shifts from Petco to pickles to electric cars in two days (15/06/2021 - Market Watch)
    Meme traders are rushing from pet food to canned food to electric minivans? Must be Reddit working the short sellers again.
    [visit article]
  49. Exela Technologies and Marin Software Join Reddit Meme Rally (29/06/2021 - Reddit Stock Market)
    https://www.thestreet.com/investing/exela-xela-marin-software-mrin-reddit-meme-rally?puc=yahoo&cm_ven=YAHOO JUN 29, 2021 6:46 AM EDT M. COREY GOLDMAN Marin Software (MRIN) - Get Report and Exela Technologies (XELA) - Get Report both surged on Tuesday amid touts for both companies’ shares on Reddit message boards to collectively push back against a potential short-squeeze. Marin shares were up more than 40% in premarket trading, extending gains that have seen its stock rise more than 300% in the past seven trading days. Exela Technologies’ shares were up more than 30% amid touts on various sub-Reddits. Neither company reported any specific news on Tuesday. Marin's stock hasn't traded above $10 since January 2018, while Exela shares haven't gone above the $10 mark since January 2019. Both companies trade on the Nasdaq. Marin last week announced an enhancement to ad management software that allows users to manage ads placed on online grocery platform Instacart, providing new options for targeting online shoppers with targeted ads.   submitted by   /u/SavannahSmiles_ [link]   [comments]
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