In the last month-or-so, we have witnessed some unprecedented market activity. The rise of the Reddit investor, driven by WallStreetBets, has thrown up some remarkable results. The share prices of companies like GameStop (GME), AMC Entertainment Holdings (AMC), Nokia (NOK) and BlackBerry (BB) all briefly skyrocketed before coming back down to earth with a thud.
One stock that has remained a little under the radar is Naked Brand Group (NAKD). The share price of NAKD has been rising assertively over the last few days. This page will explain how to buy NAKD stock, where to buy NAKD stock and the best places to do so.
Where to buy NAKD stock today
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If you are trying to find the best place to buy NAKD, make sure you are discerning in your choice. Some brokers, such as Robinhood, have proven to be unreliable in recent weeks by restricting their users’ trades and even selling their own users’ shares without any consent.
To help you out a little, below, we have listed 3 of the best places to buy NAKD stock. All 3 of these brokers are reliable and secure and are ideal candidates if you want to invest in NAKD now.
We are big fans of Plus500’s user-friendly interface and CFD investment options. Using a CFD to invest in Naked Brand Group means that you don’t buy shares in NAKD outright, but you agree to a contract that exposes you to their price. If you are wandering where to buy shares in NAKD, Plus500 is a strong option.
As one of the most reputable brokers around, eToro is a good place to buy shares in NAKD. If you are ready to buy Naked Brand Group stock and want a safe option, eToro is a good choice.
3.) Trading 212
Trading 212 has established itself as one of the best online brokers and one of the best places to buy Naked Brand Group stock. If you want to gain exposure to the potential price increase of NAKD stock, sign up today.
If none of these brokers are to your liking, check out the Invezz reviews page for a more comprehensive selection. For introductory information about buying shares and how you can profit, check out our beginner’s guide.
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What is Naked Brand Group?
The clue is very much in the name. Founded in 1947 by brothers Ray and Des Hurley, Naked Brand Group is an intimate, apparel and swimwear company. There are 9 company-owned and licenced brands under the Naked umbrella. The company claims to appeal to a diverse consumer demographic in a variety of market segments. At its core, Naked operates a multi-channel platform that aims to take advantage of what it describes as a ‘fragmented marketplace’ in intimates & apparel.
Why is NAKD stock flying up in value?
Most attribute the recent rise of NAKD stock to r/WallStreetBets. This is a Reddit investment forum that has repeatedly targeted certain stocks that hedge funds hold large short positions in. By pushing the share price up, hedge funds are forced to cover their short positions and buy shares. This makes the price increase even more. This is called a short squeeze, and it has become quite the craze in recent weeks.
Many expect that wants global lockdowns cease, and individuals begin dressing up to go out again, NAKD could be in for significant growth.
Investors react to NAKD’s market performance
Investors have been vocal on social media about NAKD stock. Here is a selection of some of the tweets.
No matter what happens to the price of NAKD, make sure you check the Invezz website to keep informed about the latest news concerning the company.