GameStop stock (GME) soared as much as 110% Monday before paring gains, and it was halted for volatility numerous times after “Roaring Kitty,” the person who is seen as the kick-starter of the meme stock frenzy during the pandemic, posted online for the first time since 2021. The stock crossed above $30 per share on […]
Tag: MemeStock
Billionaire Ryan Cohen’s Meme-Stock Mystique Fizzles After Alibaba’s Bad Year
(Bloomberg) — Ryan Cohen was like a Warren Buffett of the meme-stock frenzy, inspiring a small army of day traders seeking to pocket big gains by piggybacking on his bets on struggling retailers. Most Read from Bloomberg It hasn’t been a winning strategy recently. Alibaba Group Holding Ltd.’s stock has fallen some 40% since the […]