(Reuters) -Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer. Gill, known on YouTube as “Roaring Kitty,” held his first livestream in three years on Friday, the day […]
(Reuters) – Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer. Gill, known on YouTube as “Roaring Kitty,” held his first livestream in three years on Friday, the […]
GameStop might soon be $3 billion richer after its meme status has recently juiced the stock.SOPA Images/Getty Images GameStop, the company, is in trouble. GameStop, the stock, is roaring. GameStop, the company, has already turned some of that stock into a $1 billion windfall, by selling shares. Now it could make another $2 billion-plus doing […]
(Bloomberg) — Marathon Asset Management bought AMC Entertainment Holdings Inc. debt when it traded at a deep discount and the cinema chain’s latest meme-stock rally has only made those holdings more attractive, Chief Executive Officer Bruce Richards said on Bloomberg Television Wednesday. Most Read from Bloomberg The hedge fund bought senior secured AMC debt when […]
Anthony Ramos plays a fictional character in “Dumb Money.”Sony Pictures There’s something off about the recent explosion in meme stocks like GameStop, one market pro writes. Deep out-of-the-money call options saw an explosion in trading volume just before the return of “Roaring Kitty.” “It’s probably all legal, but someone played this beautifully,” Interactive Brokers strategist […]
Monday’s surprising meme-stock revival continued into Tuesday’s trading, as a number of volatile former favorites saw their shares soar again on little news. As was true a few years ago, electric vehicle (EV) stocks were among the big winners on Monday, and the action has continued today. Here are where things stood for these three […]
GameStop stock (GME) rose more than 60% on Tuesday, adding to a rally that sent shares of the video game retailer up 74% Monday. Monday’s move, in which the stock rose as much as 110% and was halted for volatility several times during the trading session, followed the reemergence of Keith Gill, also known as […]
GameStop stock (GME) rose nearly 100% Tuesday before pairing gains, adding to a rally that sent shares of the video game retailer up 74% Monday. Monday’s move, in which the stock rose as much as 110% and was halted for volatility several times during the trading session, followed the reemergence of Keith Gill, also known […]
GameStop stock (GME) rose as much as 118% in premarket trading Tuesday, adding to a rally Monday that sent shares of the video game retailer up 74%. Monday’s move, in which the stock rose as much as 110% and was halted for volatility several times during the trading session, followed the reemergence of Keith Gill, […]
(Bloomberg) — Meme-stock traders again piled into GameStop Corp. and AMC Entertainment Holdings Inc., a day after shares of both firms soared in a revival of the retail frenzy. Most Read from Bloomberg The video-game retailer’s stock jumped as much as 51% in premarket trading on Tuesday, while that of the beleaguered movie theater chain […]
(Bloomberg) — Retail traders flocking to AMC Entertainment Holdings Inc. in hopes of burning short sellers may also be helping the company shore up its finances. Most Read from Bloomberg That’s because the beleaguered movie theater chain, which surged 78% on Monday amid the meme-stock frenzy, has a fundraising deal known as an at-the-market offering […]
(Bloomberg) — GameStop Corp. shares more than doubling on no fundamental news. Short sellers getting squeezed and retail traders using same-day options to amplify gains in otherwise beaten-down stocks. Nonsense crypto coins adding more than 1,000%. Most Read from Bloomberg That was Monday. But it could just as easily describe early 2021, when the meme-stock […]