Sooner than meme shares, there was DryShips Inc. Shares of the Greek supply agency on the sting of chapter rose 1,500% in 4 days in November 2016.
The stock’s rise lit up message boards and drew in small merchants, making it among the traded on the Nasdaq stock change. Nevertheless, in distinction to GameStop , the frenzy of orders that adopted over the following a variety of months was nearly completely in new shares created and acquired to the unsophisticated merchants. The shares fell larger than 99% in subsequent months.
https://www.wsj.com/articles/financier-behind-dryships-stocks-wild-ride-has-settled-with-sec-11632151697?mod=rss_markets_main | Financier Behind DryShips Stock’s Wild Journey Has Settled With SEC