A man looks at GameStop at 6th Avenue on February 25, 2021 in New York.
John Smith | Corbis News | Getty Images
Baird was talking about GameStop, saying speculative trading by retail investors made it difficult to make “reasonable” recommendations about the stock.
GameStop made headlines in January and early June. As individual traders flock to the forums. Reddit̵7;s WallStreetBet rounds up meme stock. The stock is up more than 1000% in 2021, although the stock is down about 6% this month.