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home / news releases / SIEB - Siebert Financial stock skyrockets amid Reddit/WSB rally

SIEB - Siebert Financial stock skyrockets amid Reddit/WSB rally

Siebert Financial Corp.
Siebert Financial ([[SIEB]] +298.9%), normally a thinly traded stock, soars four-fold amid a runup in stocks favored by retail investors wallstreetbets thread.More than 16M shares have changed hands in early trading vs. average 3-month daily volume of 24,653 shares.See SIEB's ownership by investor type:SIEB,  a retail brokerage and investment bank founded by Muriel Siebert in 1996, has dropped 54% in the past year (see chart below).After wild swings in stocks mentioned on the forum, Robinhood restricted trading in certain stocks (SIEB wasn't among them) on Thursday and eased the restriction today to allow customers to add a limited number of long positions of the affected stocks.

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Siebert Financial stock skyrockets amid Reddit/WSB rally
Stock Information
Company Name: Siebert Financial Corp.
Stock Symbol: SIEB
Market: NASDAQ
Website: siebert.com
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