Stocks have also been boosted by a surge in retail trading during the Covid-19 pandemic, as at-home traders have sought to benefit from rebounding equity markets. This has shortened timetables and reduced the risk of sentiment toward a company, or the broader equity markets, changing. Banks: Morgan Stanley, JPMorganRobinhoodPopular with novice investors, trading platform Robinhood Markets has been cited as one reason that some of 2020’s biggest IPOs popped on their trading debuts. Massachusetts securities watchdogs have said the platform attracts untrained traders who take “unnecessary trading risks," without proper controls in place. Retail chain Petco Animal Supplies Inc. has filed confidentially, while Southeastern Grocers Inc. made its own filing public in October.

Source: Mint December 31, 2020 12:00 UTC