GameStop stock (GME) tanked 25% Wednesday as a rally among meme names showed signs of fading. Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained more than 180% in the prior two sessions. AMC stock (AMC) also fell 17% Wednesday after the theater chain operator rose 95% over […]
Tag: rally
GameStop, AMC soar as meme stock rally roars on
(Reuters) – Shares of GameStop and AMC soared in premarket trading on Wednesday, continuing this week’s rally which began after “Roaring Kitty” Keith Gill, a central figure behind the 2021 meme stock frenzy, resurfaced on social media. “Roaring Kitty”, the online persona of Gill, shared a clip from the movie “Braveheart” at 8 p.m. ET […]
Blinken visits Kyiv and tries to rally Ukrainian spirits as Russia makes gains
US secretary of state Antony Blinken has sought to rally the spirits of Ukrainians facing a fierce new Russian offensive, assuring them they are not alone and that billions of dollars in American military aid on its way to the country will make a “real difference” on the battlefield. After a day of meetings with […]
Thousands rally in Georgia after parliament passes ‘foreign influence’ law
Thousands of protesters rallied Tuesday in Georgia after parliament adopted a law to brand overseas-funded NGOs as groups under “foreign influence”, a measure Brussels has warned will undermine Tbilisi’s European aspirations. Lawmakers voted 84 to 30 in favour during the third and final reading of the law, which was widely denounced as mirroring repressive Russian […]
GameStop’s ‘Roaring Kitty’ surge doesn’t mean meme stock rally has legs
GameStop (GME) and AMC (AMC) are soaring again, with both stocks up more than 100% in the past week. While the moves are sending vibrations through the market that feel like the 2021 meme stock mania, Wall Street strategists say this fresh burst of enthusiasm is far from the madness of three years ago. In […]
Meme rally roars as stocks stay muted in inflation countdown
Wholesale prices rose more than expected in April, according to new data released Tuesday. However, when analyzing revisions to March’s Producer Price Index, Federal Reserve Chair Jerome Powell argued the release was “mixed.” “We had a producer price index reading just a couple of hours ago, and I would say it’s actually quite mixed,” Powell […]
Is 2021 Meme Stock Rally Back?
GameStop Stock Soars More Than 100% Premarket: Is 2021 Meme Stock Rally Back? On Tuesday, GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings Inc. (NYSE:AMC) once again captured the spotlight as their stock prices surged by 147% and 121% in pre-market trading, respectively. This marks a revival of the meme stock phenomenon that initially took the market by storm in […]
US stocks trapped in inflation countdown as meme rally roars back
Meme stocks soared again on Tuesday, as US equities more broadly stayed muted amid a mixed inflation reading. Investors also awaited a Jerome Powell speech that could shed light on the path of interest rates. The S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI) and the tech-heavy Nasdaq Composite (^IXIC) were all little changed at […]
Bikers ticketed during Spring Bike Rally in Myrtle Beach. What laws are they violating?
Motorcyclists here for the 2024 Myrtle Beach Spring Bike Rally appear to be getting a hard lesson on traffic laws in the Myrtle Beach area. Bikers have posted on the Myrtle Beach Bike Rally 2024 Facebook page that they have received tickets for revving their engines while driving along Ocean Boulevard in Myrtle Beach. They […]
US futures trapped in inflation countdown as meme rally roars back
Meme stocks soared again on Tuesday, as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech that could shed light on the path of interest rates. Dow Jones Industrial Average futures (YM=F) were little changed after the blue-chip benchmark broke an eight-day run of gains on […]
Retail traders sit out bitcoin rally
By Medha Singh (Reuters) – What’s happened to the army of retail traders who used to drive bitcoin’s biggest rallies? U.S. crypto exchange Coinbase reported just $56 billion in consumer trading volumes in the first quarter of 2024, when bitcoin leapt to record heights close to $74,000. While that represents a fledgling recovery in retail […]
Abilene community leaders rally to save historic Woodson Elementary
ABILENE, Texas (KTAB/KRBC) – During a recent board meeting, Abilene ISD made the decision to offload two of its vacant buildings; Fannin and Woodson elementary schools. The two buildings hold historic significance, however. So, some community leaders want to find a compromise to both honor the past and serve the future. ‘I had so many […]