Indeed. Since most stock are mostly held by institutional investors, prices are ... | Hacker News

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		cluckindan 3 months ago \| parent \| context \| favorite \| on: Nvidia takes $1B stake in Nokia Indeed. Since most stock are mostly held by institutional investors, prices are heavily guided by sentiment. Except when they aren’t, see GameStop and Beyond Meat.

simondotau 3 months ago [–]

Prices are heavily guided by sentiment. Nobody said sentiment HAS to be tied to the entity's fundamentals. GameStop stock moved due to sentiment external to the entity itself.

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