NEW YORK (AP) — Shares of Chewy fell Monday in volatile trading after a regulatory filing revealed that Roaring Kitty, an investor at the center of the meme stock craze, has taken a 6.6% stake in the online pet retailer. Roaring Kitty, whose legal name is Keith Gill, bought more than 9 million shares of […]
NEW YORK (AP) — Shares of Chewy were volatile at the opening bell Monday after a regulatory filing revealed that Roaring Kitty, an investor at the center of the meme stock craze, has taken a 6.6% stake in the online pet retailer. Roaring Kitty, whose legal name is Keith Gill, bought more than 9 million […]
Nike stock dived early Friday after the Dow Jones retailer missed sales forecasts for its Q4 results late Thursday and cut its outlook. A number of analysts downgraded Nike and/or cut their price target on shares after results. ↑ X NOW PLAYING How To Sell Stocks: When To Cut Losses Nike (NKE) earnings accelerated for […]
Walgreens’ (WBA) quarterly results are the latest sign that US consumers are increasingly under pressure. Shares of Walgreens Boots Alliance tanked 24% on Thursday after the retail pharmacy chain lowered its full-year guidance due to challenging pharmacy industry trends and a “worse-than-expected” consumer environment, with management citing “a sustained pullback” in discretionary spending. “In US […]
A bill passed by the New York legislature last week intended to increase retail worker safety and prevent workplace violence is causing a stir, as one major retailer has already said it heartily opposes it. In a certain section of the Retail Worker Safety Act, which has yet to be signed into law by Gov. […]
Conservatives are calling for a boycott of department store Kohl’s over its refusal to sponsor the Republican National Convention, which is being held in the state where the retailer is headquartered. Some posters have even pledged to “Bud Light the f*** out of” Kohl’s in reference to the boycott that took a massive bite of […]
GameStop (GME) stock surged on Monday after user “DeepF***ingValue” on Reddit, an account believed to be tied to individual investor Keith Gill — who ignited the meme stock rally back in 2021 — posted a screenshot on Reddit late Sunday that purported to show they paid nearly $175 million building a position in the video […]
GameStop (GME) stock surged on Monday after user “DeepF***ingValue” on Reddit, an account believed to be tied to individual investor Keith Gill — who ignited the meme stock rally back in 2021 — posted a screenshot on Reddit late Sunday that purported to show they’d built a nearly $175 million position in the video game […]
GameStop (GME) stock rose as much as 75% in pre-market trading on Monday after Keith Gill, the individual investor who ignited the meme stock rally back in 2021, posted a screenshot on Reddit late Sunday that purported to show he’d built a nearly $175 million position in the video game retailer. Gill, also known as […]
The stock market is roaring so far in 2024. Both the Nasdaq Composite and S&P 500 have gained approximately 11% thanks to tailwinds in the technology, energy, and pharmaceutical industries. While steady growth and strong business fundamentals are often correlated with a rising stock price, there are other things that can happen to influence buying […]
Home improvement retail chain Lowe’s (LOW) beat earnings estimates for its first quarter, sharing revenue of $21.36 billion and gains of $3.06 per share. Lowe’s saw fewer consumers roll up their sleeves and spend big on DIY home projects, but CEO Marvin Ellison isn’t so worried as loyalty programs and online spending are reportedly offsetting […]
Walmart (WMT) wowed Wall Street yet again, causing the stock to jump about 6% in early trading Thursday. For its fiscal 2025 Q1, America’s biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared with estimates of $0.53. CEO Doug […]