Apple Inc. Tesla Inc. While some analysts saw trades that almost certainly were placed by giant investors like SoftBank, most of the volume has been in lots so small that it suggests individuals are behind them, says Goepfert.
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But I also think larger funds got into the game, either for the same reasons or because they were big enough to force market makers and other sellers to cover. Before the spread of Covid sent stocks spiraling into a bear market, speculative firms like Plug Power Inc. In a day span leading up to Feb. Emanuel of BTIG agrees with Sosnick, saying he saw signs that hedge funds, which were initially skeptical of the tactic, eventually piled in.
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