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Reddit board pushes Circuit City stock up 2,800% to record $1.53 per share

Nashville, TN - Reddit users caused waves on the stock market this week as they drove up GameStop and AMC stocks to huge gains. Now, a Reddit board has pushed Circuit City stocks up 2,800% to a record $1.53 per share.

Nashville native Johnny Sherman started buying when the stock hit 29 cents on Thursday morning. He purchased several dozen shares only to sell them later at $1.12, earning him an impressive $39.48 payday.

Sherman told reporters, "All I can say is, it's been a good day, and I'll be taking the wife to Red Lobster."

Stock apps and financial institutions acted quickly to limit the Circuit City trading, but only after thousands of day-traders earned tens of dollars on their stock purchases.

Still, others took heavy losses when they purchased high and began selling when prices took a nosedive. One amateur investor bought 100 shares at $1.52 and then sold at $1.29 when he got nervous. He is now out $23.

"Sure, it's devastating, but it's the cost of playing the game. I'll recover and start again tomorrow," said the man.

Circuit City stocks lost 60% by the end of trading on Thursday and is expected to open lower, at 91 cents, on Friday morning.

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Good Mental Health is No Joke

The Inquisitor Nashville is a work of satire. We aim to promote positive mental health through the power of laughter. If you or someone you know is experiencing a mental health emergency, please call the National Suicide Prevention Hotline at 1-800-273-8255.


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