Brazil Reinsurer IRB Rises 18% as Some Retail Investors Mimick GameStop

SAO PAULO – Brazilian reinsurer IRB Brasil Resseguros rose 18% on Thursday, closing at 7.67 reais, as some Brazilian retail investors mimicked their U.S. counterparts in trying to squeeze short sellers. Rio de Janeiro-based Squadra Investimentos last year uncovered accounting …

from News – Insurance Journal https://ift.tt/36ocI4H