Baird suspends GameStop stock coverage, citing continued Reddit influence and lack of company plan
[Baird suspends GameStop stock coverage: Reddit influence, lack of plan (cnbc.com](https://www.cnbc.com/2021/06/28/baird-suspends-gamestop-stock-coverage-reddit-influence-lack-of-plan.html)

**PUBLISHED MON, JUN 28 2021 8:35 AM EDT UPDATED 39 MIN AGO**

[**Hannah Miao**](https://www.cnbc.com/hannah-miao/)[**@HANNAHMIAO\_**](https://twitter.com/hannahmiao_)

Baird is throwing in the towel on [GameStop](https://www.cnbc.com/quotes/GME) coverage, saying speculative trading by retail investors makes it hard to make “reasonable” recommendations on the stock.

GameStop made headlines in January and earlier in June as individual traders flocking to Reddit’s WallStreetBets forum rallied around the meme stock. Shares have surged more than 1,000% in 2021, though the stock has dropped about 6% this month.
https://www.reddit.com/r/StockMarket/comments/o9l5ic/baird_suspends_gamestop_stock_coverage_citing/