The retail-driven investor frenzy that has spurred wild gains - and losses - in everything from GameStop (GME) - Get Report and AMC Entertainment (AMC) - Get Report to silver continued on Tuesday, with GameStop shares plunging once again.
The declines reflect the ongoing frenzy sparked by a collective movement among retail investors to rise up and bet against large hedge funds and institutional investors that had been betting companies and even commodities would fall in price, known as short-selling.
Using Reditt messaging board WallStreetBets and placing trades through free online trading apps like RobinHood, thousands of individual investors have collectively ganged up on short-sellers, not only squeezing them out of their large positions but pushing the value of shares they were betting would fall to dizzying new heights - and drops.
The moves in turn has raised red flags on Wall Street and in Washington over the amount of volatility generated in financial markets, and how that kind of volatility impacts trading, valuations and even the stability of financial markets overall.
In contrast to other trading days, the major indices went in the opposite direction on Tuesday, with the Dow Jones Industrial Average, NASDAQ and S&P 500 all kicking off trading notably higher despite the volatility.