Tag Archives: meme

[unable to retrieve full-text content]Bed Bath & Beyond shares gain 92% as meme stocks soar  Yahoo Finance Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, December 12, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. By any traditional analytical measures, meme stock names such as GameStop, Bed Bath & Beyond, and Blackberry are still… Source link

Retail traders were quick to flock to the side of Chewy Inc (NYSE: CHWY) founder and GameStop Corp (NYSE: GME) chair Ryan Cohen when he purchased a stake in Bed Bath & Beyond Inc (NASDAQ: BBBY) in March. Less than six months later, Cohen has filed intent to sell his stake in the embattled retailer and accusations are flying. One institutional investor has suggested that Cohen used retail investors to pump the stock for his own benefit. What To Know: Luke Lloyd, wealth advisor… Source link

Amid the renewed retail investor interest in meme stocks, it’s Bed Bath & Beyond that has taken the crown from former heavyweights AMC and GameStop. Bed Bath & Beyond stock (BBBY) skyrocketed by nearly 70% in afternoon trading on Tuesday as Reddit traders speculated on a massive short squeeze. Shares were originally down around 3% in pre-market trading today following a stunning 23% pop on Monday. The two days of gains came as enthusiastic traders on Reddit hyped the struggling retailer and Source link

Meme stocks are having a moment. Again. Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) were all surging on no news as of Monday morning, aside from renewed attention on these names from the traders on Reddit’s Wallstreetbets message board investors came to know in early 2021. According to data from Ape Wisdom, a site that tracks ticker mentions on Wallstreetbets threads, mentions of Bed, Bath & Beyond, GameStop, and AMC have surged in the last 24 hours and are the three… Source link

Elon Musk, meme aficionado and the world’s richest person, issued his first public response to Twitter’s vow that it will haul him into court to enforce the terms of his $44 billion buyout offer for the company. Musk, just after midnight ET Sunday, tweeted a meme showing the celebrity CEO laughing at the latest turn of events. It focuses on the mega-billionaire’s central claim for bailing on the Twitter deal: that, according to Musk, the company has stonewalled on providing evidence to… Source link

The meme stock craze — which multiplied the value of beleaguered companies like GameStop (GME) and squeezed hedge funds that bet against them — became a symbol of the populist fight between small-time traders and Wall Street juggernauts. But the most visible figures associated with the movement on behalf of everyday traders, which took off in January 2021, shared something in common: their gender. Keith Gill, a day trader who rose to prominence through his YouTube persona “Roaring Kitty,”… Source link

With Tax Day 2022 on April 18 fast approaching, young or inexperienced traders and investors may have questions about reporting gains on so-called “meme stocks” — stocks that become popular with retail investors through social media or other online platforms. According to private wealth advisor Rocco Carriero, tax reporting for meme stocks should be treated the same as any other equity investment. “Well, most financial institutions would be sending you out some type of a 1099 document… Source link

Trading glitches plagued the nickel futures market in London Friday, with prices settling down at the exchange-imposed limit for a third straight day. As more details emerge from the disorderly market failure that shuttered trading in nickel for over a week — only to reopen in chaos — industry insiders are crying foul. The current circus in nickel captured popular attention on March 7 when a giant bearish bet on nickel prices blew up in a spectacular short squeeze that would have rivaled… Source link

Shiba Inu dog. AP Photo/Shizuo Kambayashi A 35-year-old former supermarket warehouse manager who made an $8,000 bet on shiba inu at the start of the year is now enjoying his retirement thanks to the meme coin’s stunning rally. Rob, who is from northern England, told Fortune he dabbled in cryptocurrencies to supplement his $68,000 yearly salary so he could create a better life for his partner and their son. Unexpectedly, he came across shiba inu, which was founded in August 2020. And upon… Source link