Best-selling stocks this week
Short Stock List: Top Selling Stocks This Week
- You’re here
- Civitas social housing
- Hargreaves landsdown
- Lloyds Bank
You’re here remains perched in the top spot this week, despite optimism about its most intense delivery week on record, pushing the share price up 3.98% for the week. It will be interesting to see if Tesla maintains its grip on investors now that new EV companies start to gain market share, like Lucid and Polestar, which will be public soon. The bearish sentiment comes from those who think the company is overvalued. DoorDash (-6.36%) is still on the list for the same reason, namely that there are fears that it is overrated.
Boohoo.com saw its shares fall 24.53% in the past month, but this week the selling pressure was the result of particularly disappointing earnings. Boohoo said its profits were down from last year’s pandemic peak due to investments in new brands, more standardized return rates and higher shipping costs. He also lowered the guidance note because of these issues.
Civitas social housing (-6.42%) is still declining due to regulatory review of tenants’ ability to meet long-term leases to which they have entered. The company has been accused of a serious breach of governance.
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The shortest stocks are the ones that have sold the most over a period of time, in this case a week.
Traditionally, to sell a stock short, you had to borrow the asset from a third party before you could sell it in the market. You would do this thinking the market price would drop and you could buy it back at a lower price, pocketing the difference before you return the shares to your lender.
Now, thanks to electronic trading and derivatives, selling a stock short is as easy as buying it. You just have to click on “sell” in your platform rather than “buy”. This is because you will never own the shares, you are just speculating that their price will drop.
Heavily short stocks create a bear market, where sellers enter and put downward pressure on the price of the asset. Buyers are forced to close their positions before losing too much money, causing the market price to fall lower and lower.
Still not sure what short selling a stock is? Learn more about how to sell a stock short.