Fox43: Did hedge funds boost the GameStop Rally?
Peter Ricchiuti, senior professor of practice and research director of Burkenroad Reports, was interviewed by WPMT Fox43 in York, Pennsylvania, for a story about the GameStop stock rally. Many outlets reported that small retail investors on Reddit’s WallStreetBets forum came together to fuel the stock’s rise, but Ricchiuti said analysis shows that large institutional investors played a significant role as well.
“So instead of the Reddit crowd pushing as a short squeeze, it was actually hedge funds coming in and wanting the same thing,” Peter Ricchiuti explained.
To read the story in its entirety, visit fox43.com:
Interested in advancing your education and/or career? Learn more about Freeman’s wide range of graduate and undergraduate programs. Find the right program for you.
Recommended Reading
- Finance Curriculum vs. Accounting Curriculum: How Are They Different?
- Business Analytics vs. Finance: Which Master’s Degree Is Right for You?
- Alum leverages MFIN degree to launch investment banking career
- Peter Ricchiuti: The Art of Making Things Make Sense
- What Can You Do With a Business Analytics Degree?
- Meet the MBA Class of ’26: Austin Smith
- Fintech entrepreneur Todd Schwartz to serve as 2024 Freeman Distinguished Lecturer
- Master of Finance degree leads to career in health care and analytics
Other Related Articles
- Alum launches fund to invest in Tulane-affiliated startups
- Investopedia: Rising Inflation and Slowing Growth Are Investors' Worst Nightmare
- Summer internships give students competitive advantage
- Alum shares playbook on forensic accounting
- WWL Radio: What is crypto? Is letting it into our 401(k)s a good idea?
- Reuters: White House prepares order targeting banks as Trump claims discrimination
- Freeman welcomes new faculty for 2025-26
- CNBC: President Trump signs GENIUS Act, creating stablecoin regulatory framework
