Tag Archives: GameStop

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

Bloomberg Melvin Capital Dusts Off From GameStop Fiasco With 22% Gain (Bloomberg) — Gabe Plotkin spent the first half of January defending his hedge fund’s portfolio from a Reddit mob, the second half trying to convince investors he can survive a 53% loss, and early February explaining to Congress what happened.Now with the public spectacle subsiding, the most concrete sign is emerging yet that his Melvin Capital Management might actually manage to thrive anew. After adjusting strategy,… Source link

TipRanks Billionaire Ken Griffin Pulls the Trigger on These 2 Penny Stocks Risk and reward are the yin and yang of stock trading, the two opposite but essential ingredients in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials – than penny stocks. These equities, priced below $5 per share, typically offer high upside potentials. Even a small gain in share price – just a few cents – quickly translates into a high… Source link

TipRanks 2 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ We’re in a volatile period right now, as stocks slipping after starting the year on a strong note. Big Tech, which boomed during the pandemic lockdowns and the move to remote work, is leading the declines. Investors have taken the measure of the vaccination programs, and now, in fueled by both a belief and a hope that economies will soon return to a more normal footing, they are seeking out those stocks that will gain we… Source link

TipRanks 2 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ We’re in a volatile period right now, as stocks slipping after starting the year on a strong note. Big Tech, which boomed during the pandemic lockdowns and the move to remote work, is leading the declines. Investors have taken the measure of the vaccination programs, and now, in fueled by both a belief and a hope that economies will soon return to a more normal footing, they are seeking out those stocks that will gain we… Source link

TipRanks 2 Big Dividend Stocks Yielding 10%; RBC Says ‘Buy’ Soaring commodity prices, additional federal stimulus, and government bond yields on the rise are all raising the specter of inflation. Furthermore, there is growing concern that stocks – and tech ones in particular – are now at valuations disconnected from reality. Is the changing macro climate about to send the bull market into retreat? Too early to tell, but it does signal that a more prudent approach to investing might be a… Source link

On Thursday the House Financial Services Committee will heat up the grill for five players in l’affaire GameStop (GME), late January’s stock market spectacle that saw the stock of the video game retailer skyrocket from the teens to well over $300 — and back down again to the mid-$40s. There has been a lot of confusion, conspiracy theories, complex market dynamics, loss, gain, and drama, and Congress hopes to clear up some of these things. Expect questions about conflicts of interest,… Source link

One month after GameStop (GME) shares surged to record levels due to Reddit-fueled trading, Wall Street, online brokerage Robinhood and Reddit are facing probes by the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC) and both chambers of Congress. During GameStop’s two-week meteoric rise, the S&P 500 dropped a whopping 5% from peak to trough. Wall Street felt the full brunt of the chaos. Hedge funds endured a gut-wrenching de-risking event comparable to the global… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

Photo by: STRF/STAR MAX/IPx 2021 2/2/21 GameStop, AMC and Silver stock prices plunge as Reddit short-squeeze loses steam. STAR MAX Photo: GameStop, AMC, Reddit, Robinhood, WallStreetBets, Stock Graphs and logos photographed off Apple devices.. GameStop (GME) is nowhere near the price level it was at the end of January as the stock’s meteoric rise captivated the country in a groundbreaking, Reddit-powered short squeeze. The shape of the stock chart — a giant M — and volume mean that a lot… Source link