A little-known stock -- the latest obsession of traders on the popular Reddit forum WallStreetBets -- soared 21,000% to overtake Costco.
A little-known Hong Kong-based company appears to have become the latest obsession of traders on the popular Reddit forum WallStreetBets, helping its stock shoot up 21,000% since its IPO less than a month ago. Shares of
Digital is a financial services startup that trades on the New York Stock Exchange under ticker symbol"HKD." The company is an arm of Digital brought in just over $25 million in revenue last year, according to a regulatory filing. And yet this week its market cap is more than $310 billion, surpassing that of Shell and Costco and putting it closer to the size of Walmart and Exxon .Even the company was scratching its head over the sudden surge.
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