TR Stock: 11 Things to Know About Tootsie Roll as it Joins the Reddit WSB Party

Tootsie Roll (NYSE:TR) stock is soaring higher on Wednesday as it joins the growing list of stocks that Reddit WallStreetBets is boosting higher.

A pile of Tootsie Rolls.

Source: Sheila Fitzgerald / Shutterstock.com

Here’s what potential TR stock investors need to know about the situation.

  • Tootsie Roll is seeing incredibly high trading today with more than 4 million shares of TR stock changing hands.
  • For some perspective, that’s a massive spike compared to its daily average trading volume of only about 220,000 shares.
  • All of this comes as retail investors on r/WallStreetBets go about holding shares of stocks that have been the target of short-sellers.
  • The social media group’s collective power has allowed it to boost the prices of various stocks incredibly high and reap the profits.
  • It started with video games earlier this week as WSB investors made GameStop (NYSE:GME) stock its first major target.
  • Now those shares are up almost 1,5000% over the last month.
  • Another target for WallStreetBets investors is AMC Entertainment (NYSE:AMC).
  • Shares of that stock started to see positive movement after markets closed yesterday.
  • Now, the stock is continuing to rally today as investors continue to hold onto the shares.
  • Before TR stock started to jump, these same investors were also sending shares of Eastman Kodak (NYSE:KODK) stock higher today.
  • All of this point towards TR stock seeing massive growth over the next few days as Reddit WallStreetBets will likely push it even higher.

TR stock was up 14.5% as of noon Wednesday.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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Article printed from InvestorPlace Media, https://investorplace.com/2021/01/tr-stock-11-things-to-know-about-tootsie-roll-as-it-joins-the-reddit-wsb-party/.

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