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New York
CNN
—
Forget the banking crisis — Main Street’s retail investors have barreled into embattled bank stocks. It looks like nothing tempts people to bet on an industry more than bargain prices, even if they’re caused by the fear of imminent collapse.
In January and February, trading in First Republic Bank
(FRC) stock was outright sleepy. Retail investors averaged just about $20,000 in daily net purchases. After the collapse of Silicon Valley Bank on March 10, however, that daily average exploded to $10.3 million, according to data through April 10 from VandaTrack.
TD Ameritrade’s Investment Movement Index, which tracks retail…
2023-04-12 06:37:01
Original from www.cnn.com
