Tag Archives: GameStop

Shares in video game retailer GameStop (GME) are on a wild rollercoaster ride, fueled by retail trader geeks on Reddit—and newly minted New York Mets owner Steven A. Cohen is obscurely involved. GameStop shares rose more than 50% last Friday after users on the Reddit forum WallStreetBets (WSB) ganged up to buy the stock in response to a number of short calls, most notably from Andrew Left of Citron Research, who predicted that the stock would drop to $20. (GameStop isn’t the only one: AMC… Source link

Gamestop shares are set to rally 70% this morning when trading starts, and AMC shares opened up 300%, extending a run that has perplexed market observers, irked hedge funds, and generally made crypto’s recent gains appear soft and weak. Being a retail trader is mostly being a sucker, hoping to best the markets while lacking the infrastructure, access, and information that professionals enjoy. Hell, most professional fund managers that regular folks can invest in fail to beat the market…. Source link

Tuesday, January 26, 2021 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe A manic Monday to start the week. Looking at the major averages on Monday, you might think it was a fairly placid trading session. The Dow (^DJI) lost just over 0.1%, the S&P 500 (^GSPC) gained a little more than 0.3%, and the Nasdaq (^IXIC) closed up 0.7% to hit a record high. But underneath the surface, one of the wildest trading days we’ve seen in some time broke… Source link

TipRanks 3 Top Dividend Stocks With Growth Opportunity; Goldman Sachs Says ‘Buy’ Investing is all about finding profits, and investors have long seen two main paths toward that goal. Growth stocks, equities that will give a return based mainly on share price appreciation, are one route. The second route lies through dividend stocks. These are stocks that pay out a percentage of profits back to shareholders – a dividend, usually sent out quarterly. The payments vary widely, from less than… Source link

GameStop (GME) shares soared than 130% before coming back down to sit above 100$/each by mid-session on Monday following a crush on short-sellers. The stock was temporarily halted for trading throughout the morning, and at one point, dipped into red territory. On Friday shares of the video game retailer closed 51% higher as short-sellers and reddit WallStreetBets users clashed causing a massive short squeeze on the stock. A short squeeze forces those who bet against the stock to buy in order… Source link

TipRanks 3 Top Dividend Stocks With Growth Opportunity; Goldman Sachs Says ‘Buy’ Investing is all about finding profits, and investors have long seen two main paths toward that goal. Growth stocks, equities that will give a return based mainly on share price appreciation, are one route. The second route lies through dividend stocks. These are stocks that pay out a percentage of profits back to shareholders – a dividend, usually sent out quarterly. The payments vary widely, from less than… Source link

(Bloomberg) — In the battle between short-seller Citron Research and an army of Reddit-charged day traders, GameStop Corp.’s seemingly endless rally to an all-time high has given the stock’s bulls a win, though not without controversy. GameStop’s 83% gain through Friday comes after it more than doubled the week before and marks the most volatile 10-day period on record, data compiled by Bloomberg show. The stock was halted at least four times in New York trading on its way to a a… Source link