Founded in 2012, r/wallstreetbets surged in popularity at the beginning of 2021 as retail traders took to the subreddit to discuss potential short squeeze opportunities in stocks like GameStop Corp (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE:
Rani Therapeutics Holdings, Inc. (NASDAQ: RANI), a San Jose, California-based early stage biopharma, debuted Friday on the Nasdaq in its initial public offering.
Rani Shares Trade Around IPO Price: Rani shares opened for trading at $11.26, above the IPO price of $11. Since then, the stock has traded in a $10.50-$12.17 range.
Cannabis operators and executives tell Benzinga that the movement of private and public companies may serve as a better indicator of regulatory activity than the federal government. At the very least, they say that the industry has made advancements so far without the efforts of Capitol Hill.