Presented by Dr. Allan Zebedee and Clarkson Ignite
For the first Ignite Speaker Series event this semester Dr. Allan Zebedee will discuss the rise of WallStreetBets and retail trading, and how social media has affected the stock market. Join us via Zoom from 2:00 – 3:00 PM on Friday, February 12. This talk will consist of a short talk followed by Q&A. Click here to register.
If you want to learn more about the recent surge in retail trading this is the event to attend! Over the last month GameStop has gone from a low price of approximately $20 per share to a
high of nearly $380, and then quickly back down to its current price of $50. It has been a wild ride; millions of dollars have been made and millions have been lost. In this talk, Dr. Zebedee will present a case study of GameStop in an effort to answer the question: Has the rise of “meme stocks” created a new paradigm between informed traders and noise traders?
Allan Zebedee is an Associate Professor of Finance in the Reh School of Business. His research and teaching interests include investments and corporate disclosure. He is a former Fulbright Scholar and Research Fellow at the US Securities and Exchange Commission. Prior to joining Clarkson University in 2007, Professor Zebedee was an Assistant Professor at San Diego State University. He received a Bachelor of Arts from Colby College and a Ph.D. from University of California, San Diego.
Most models of financial markets include two types of traders — informed traders and noise traders. Informed traders help the financial markets arrive at the equilibrium or fair price of a security while noise traders distract from this price process. In recent years, social media has exploded with stock tips promising readers riches. While stock tips are not new, the ability of social media to mobilize a large number of investors and the innovation of new trading platforms
