Tag Archives: Frenzy

[unable to retrieve full-text content]GameStop’s Stock Surge Is a Long Way From 2021 Meme-Stock Frenzy  Yahoo Finance Source link

Subscribe to Zero Blitz Free agency is upon us, and Jason Fitz and Frank Schwab are joining forces to react to and give letter grades for all the biggest moves from day one of the NFL’s legal tampering window. The duo start off with the QB news, as Kirk Cousins is headed to the Atlanta Falcons (what does he still have left in the tank?), and the Minnesota Vikings have no long-term plan at quarterback. Russell Wilson signs with the Pittsburgh Steelers and Baker Mayfield remains in Tampa Bay…. Source link

Coinbase Global (COIN) posted its first quarterly profit in two years as trading surged on a new wave of optimism about digital assets, marking a potential turning point for the largest US cryptocurrency exchange. Investors cheered the news, sending the stock of Coinbase up more than 12% in after-hours trading. The stock is down 5% so far in 2024 as of Thursday’s close but has soared 180% over the last year. Coinbase earned $273 million in profits during the fourth quarter, well above analyst… Source link

Amid electric car frenzy, Warren Buffett scores 3,000% gains with this overlooked EV maker Warren Buffett isn’t known for chasing hype, but that doesn’t mean he’s missing out on the current EV boom. Rivian Automotive, which debuted on Nasdaq a week ago at $78 per share, now trades at nearly $150. Lucid Group, which went public through a SPAC deal this summer, surged 77% over the past month. Then there’s Tesla, which despite its recent pullback, is up a whopping 148% over the past… Source link

(Bloomberg) — Donald Trump’s sagging fortune is suddenly poised to get a massive boost from meme-stock mania. Most Read from Bloomberg News late Wednesday that the former president’s nascent media enterprise, Trump Media & Technology Group, is planning to go public via a special purpose acquisition company has sent retail investors into a frenzy, even with few details released. The stock gain drove the implied value of the new venture to more than $8.2 billion. Based on figures from press… Source link

(Bloomberg) — After weeks of profiting from the stock and debt of AMC Entertainment Holdings Inc., hedge fund Mudrick Capital Management ended up with a 5.4% loss after a derivatives bet went haywire. The fund, which specializes in distressed debt, suffered the losses on AMC after day traders pushed the movie theater’s shares up as much as 127% on a single day, derailing call options Mudrick had sold on AMC shares to hedge exposure to the company, according to a person with knowledge of… Source link

There is probably a lot of trash in the speculative boom currently taking hold of markets. But hidden amid the meme stocks, SPACs, and crypto coins could be some valuable businesses. “Somewhere in the hundreds of SPACs and scores of meme stocks are some decent companies and potentially even a few huge opportunities,” DataTrek’s Nicholas Colas wrote in a note this week. “For example: Hertz, which was supposed to be a retail investor graveyard, actually exited bankruptcy with its equity… Source link

Just one month removed from a $120 million dollar financing round, London-based cryptocurrency giant Blockchain.com announced Wednesday it raised another $300 million to reach a $5.2 billion post-money valuation. The Series C funding round comes as the 10-year-old crypto company reported hitting 31 million verified users across 200 countries. Blockchain.com CEO Peter Smith said the company has been able to raise $1.5 billion since its founding as institutional interest continues to swell with… Source link

A second wave of the GameStop (GME) rally has struck the stock market in recent days, sending the price up 172% since late last month. While still well below its January high, GameStop stands more than 1,500% above where it did six months ago. Amid the rally, the stock’s traders and their online movement came under fire from personal finance guru Suze Orman in a new interview with Yahoo Finance. That interview came before shares of another heavily shorted stock, Tanger Factory Outlet Center ( Source link

As Wall Street flits from one craze to the next; GameStop (GME), Bitcoin (BTC-USD) and now SPACs, the message is clear. If only we could act upon it. As a way of looking into this ongoing mania of mini-manias, I’ve turned my attention to the latest boom, SPACs, once a quirky, backwater of a security, now all the rage. Let’s start with Kap, who has a SPAC. That being former San Francisco 49ers quarterback, Colin Kaepernick—famous for taking a knee during the national anthem—who has… Source link