Big One-Day Gains for GameStop and Carvana

Few hedge funds remain in the two controversial stocks, which caused so much pain for several funds two years ago.

Emily Elconin/Bloomberg

Emily Elconin/Bloomberg

Forget about bank stocks, surging tech stocks, and higher interest rates.

The big story in the market on Wednesday was two former high-flying stocks that had subsequently collapsed: GameStop and Carvana. Both enjoyed huge price pops. However, neither stock now hass the same kind of widespread hedge fund following — long or short — that they had when they were in the spotlight and causing a lot of trouble for a few firms.

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