Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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Research on the GameStop Stock Prices Surge during Covid-19 under the Perspective of Individual Investors

Authors
Yilin Zhao
1Economics, University of California, Los Angeles, 90024, The United States of America
*Corresponding author. E-mail: yilinzhao_5025@yahoo.com
Corresponding Author
Yilin Zhao
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.382How to use a DOI?
Keywords
Individual investors; Stock market; Online trading platform; Direct trading; Price surges
Abstract

The breakout of the covid-19 in the United States has caused significant changes in the stock market, while the proportion of individual investors’ direct trading increases. The recent Game Stop(GME) short-selling incident showed the power of retail investors, which makes people pay attention to the trend of the return of retail investors to the US equality market. This paper researches the factors that increase individual investors’ direct trading behavior in the US stock market during covid-19 and forecasts the stock market’s future dominance trend. The research method is to analyze data from Yahoo Finance, and reference the applicable hypotheses and economics policies. Four factors increase the individual investors’ direct trading: quarantines and fiscal incentives after the outbreak, retail brokerages zero commission model, stock volatility gives to more opportunities for market speculation, and the influence on social media. Individual investors have made a complex impact on the stock market, however, individual investors’ active direct trading behavior is less likely to last for a long time, the dominance of institutional investors is still a long-run trend.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
10.2991/assehr.k.211209.382
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.382How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Yilin Zhao
PY  - 2021
DA  - 2021/12/15
TI  - Research on the GameStop Stock Prices Surge during Covid-19 under the Perspective of Individual Investors
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 2337
EP  - 2341
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.382
DO  - 10.2991/assehr.k.211209.382
ID  - Zhao2021
ER  -