"...stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges... That price formation is not {reflective} of supply and demand..."
https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/Open linkView original on lemmy.whynotdrs.org
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This article is more than two years old.
Still relevant though! Individual investor order flow through brokers likely hasn't improved at all.
Agreed