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Currently, GameStop Corp.’s (GME) stock is trading at $25.28, marking a fall of -0.71% from last night’s close. At this price, the stock is -60.45% below its 52-week high of $63.92 and 30.34% above its 52-week low of $19.40. Based on the past 30-day period, the stock price is -16.71% below the high and +7.90% […]
Eat The Rich: The GameStop Saga features the fight between Wall Street hedge fund managers and ordinary everyday investors. Roaring Kitty was the first person to show that GameStop was an excellent stock to buy.
Eat the Rich and Diamond Hands are two quick-turnaround documentaries about GameStop. In their rush to serve “user content,” they mostly fail to explain what happened and why.
Leer
Bed Bath & Beyond Inc (NASDAQ: BBBY ) shares have fallen back to Earth following a short-squeeze induced rally in mid-August. The struggling retailer will have a chance to show that operations are improving when it reports earnings later this week. What To Know: Retail excitement around the home furnishings company really picked up when GameStop chairman Ryan Cohen purchased a stake in Bed Bath & Beyond in March. Near the beginning of August, Bed Bath & Beyond shares began surging alongside GameStop Corp (NYSE: GME ) and AMC Entertainment Holdings Inc (NYSE: AMC ) as retail traders highlighted high short interest in the names across social media platforms. The stock really took off when traders began … Full story available on Benzinga.com
The S&P 500 dipped back into bear market territory last week, but the bottom hasn’t fallen out… at least, not yet. In last week’s livestream , we explored the fallout from the Fed announcement and looked to speculate future Fed action as the rest of the year progresses. We also examined the Fed’s updated economic projections going all the way out to 2025, which pointed to an economic slowdown. Whether that happens remains to be seen, but it’s hard to look on the bright side when investors seem to have such a negative outlook. Pain Across the Pond The Bank of England raised its target rate by 50 basis points (0.5%) last week. However, traders are convinced the bank will have to do it again to counteract a new tax-cut/stimulus plan created by the new prime minister’s government. Bond traders see the need for a much larger hike to stem the decline of the pound and to control inflation. This is a problem for the markets. Basically, Liz Truss, the new PM, plans to cut taxes, which means the BOE will have to raise rates faster than anyone was planning on, and the economy could slow faster than expected.
Shares of AMC Preferred Equity Units , known as "APEs," tumbled 13.3% in midday trading Thursday, as the trading vehicle of AMC Entertainment Holdings Inc.''s special dividend headed toward a fifth straight loss and new lows. The "APE" shares, a nod to investors who turned a movie theater operator into a "meme" stock, have plunged 36.1% amid a five-day losing streak, and were trading 42.5% below where they closed ($6.00) on their first day of trading on Aug. 22. Meanwhile, AMC shares shed 7.6% amid a selloff in the broader stock market and fellow "meme" stocks, as a continued surge in interest rates spooked investors. The S&P 500 shed 0.7%, while shares of GameStop Corp. sank 3.9% and of Bed Bath & Beyond Inc. slid 4.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Michael Burry disclosed he isn''t short Tesla, but said he should be betting against the automaker. The "Big Short" investor has repeatedly blasted Elon Musk and his electric-vehicle company. Burry held bearish put options against Tesla stock in the first six months of 2021. Michael Burry revealed he''s not betting against Tesla right now, but he sees a compelling case to wager against Elon Musk''s electric-vehicle company. "If I am tweeting this you can bet I am not short it," he said in a now-deleted tweet on Tuesday. "But I should be." As evidence of the automaker''s gloomy outlook, Burry highlighted a CNBC story about a Tesla Megapack battery catching fire at a PG&E energy-storage facility in California on Tuesday. Burry''s Scion Asset Management held bearish put options against nearly 1.1 million Tesla shares at the end of June 2021. However, it exited that position during the third quarter of last year. The fund manager of "The Big Short" fame has repeatedly taken aim at Tesla during the pandemic.
FTX US, the US-regulated arm of crypto exchange FTX, has announced an exclusive partnership with leading video gamer retailer GameStop Corp (NYSE: GME), according to an announcement made on Wednesday. FTX and its US affiliate have been on an aggressive expansion trajectory despite the crypto winter, with this marking yet another step towards traction across […] The post FTX US signs strategic partnership with GameStop appeared first on Invezz .
Going against Wall Street''s bearish opinion of the stock, we''ve listed three reasons why investors should have high hopes for GME.
A pop-up kiosk for Robinhood along Wall Street after the company went public in New York City. Spencer Platt/Getty Images AMC Entertainment and GameStop made the top 10 list of…
The short squeeze is usually something inflicted by one hedge fund on another.
Meme traders are addicted to searching Reddit, Discord, and WhatsApp for undervalued, easily manipulatable stocks to squeeze. First, GameStop and AMC led the charge in 2021, opening up an entire base of new investors. Next, investors flocked to Bed Bath & Beyond after it was revealed that Ryan Cohen owned a significant stake in the company, pushing the stock up 300% in 17 days, which then fell sharply in the days following after documents revealed the activist investor had sold his entire stake. Now, attention has shifted to a stock that is down 90% year-to-date, but up 150% over the last month. Read more: Kevin O''Leary Applauds Activist Stake In Wix Stock: ''They Stop Idiot Management From Making Stupid Mistakes'' What happened: Avaya Holdings Corp (NYSE: AVYA ), a company that specializes in … Full story available on Benzinga.com
GameStop (NYSE: GME ) has outperformed the market over the past 20 years by 5.02% on an annualized basis producing an average annual return of 13.02%. Currently, GameStop has a market capitalization of $8.54 billion. Buying $100 In GME: If an … Full story available on Benzinga.com
Carvana and Lucid Motors are among the most heavily shorted stocks.
GME stock traders shouldn''t fixate on GameStop''s NFT and crypto angles, as the company''s fundamentals are far from ideal.
The post FTX Collaborates with Gamestop to Introduce Wall Street Investors to Crypto ⋆ ZyCrypto appeared on BitcoinEthereumNews.com . Advertisement In an official blog post released by Gamestop, FTX, the second most popular crypto exchange in the U.S, collaborates with popular game retailer Gamestop to…
Web3 trading card game Gods Unchained is teaming up with GameStop to launch a promotion through GameStop’s PowerUp Rewards Pro program.
GameStop is giving its loyalty program members NFT trading cards for the virtual game Gods Unchained as it works to deepen its reach into the digital world.
The post Gamestop loses important players – The Cryptonomist appeared on BitcoinEthereumNews.com . Gamestop is a Texas company that is involved in an industry with staggering numbers, Gaming. Gamestop loses Matt Finestone With a phased business plan full of projects that would have…
The post GameStop’s Blockchain Chief Matt Finestone Departs from Company appeared on BitcoinEthereumNews.com . Matt Finestone, head of the blockchain team at Video game retailer GameStop Corp, announced his departure from the company. According to his official Twitter account, he will continue to focus…
Finestone joined the video-game company in April 2021.
Finestone, who announced his departure in a Twitter post, joined the video-game company in April 2021.
When looking for the best meme stocks to buy, it is important to shield yourself against volatility. The best way to do so is through investing in meme stocks with strong fundamentals. For example, you want to look for stocks with a history of growing earnings, a strong balance sheet and a proven business model. Additionally, consider buying stocks that trade at low valuations to protect yourself against this inherent volatility. For many investors, meme stocks and solid fundamentals do not go hand in hand. Companies such as GameStop (NYSE: GME ) and AMC Entertainment (NYSE: AMC ) are best known for being volatile, and investors often feel they can’t be relied on to provide stability. While there is no guarantee that any particular meme stock will be successful, investors should carefully research any stock before buying it. Not only do these three companies have strong business models, but they are also operating in high-growth industries. This fundamental strength gives them a distinct advantage over other companies that do not have such a safety net.
GameStop has benefitted from the meme stock rallies, but how does the company''s future compare to competitors like Best Buy and Amazon? Scale aside, which retailer''s strategy…
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week US Fed vice chair Michael Barr favors hard line on crypto, OCC acting head no friendlier Global crypto regulation remains a prevalent topic looming over the sector. Recent comments from United States Federal Reserve Board Vice Chair for Supervision Michael Barr and Acting Comptroller of the Currency Michael Hsu favored a lean toward more government overwatch. Barr expressed a desire for stablecoin regulation as well as crypto-related banking regulations. Hsus comments included looking at the industry cautiously. GameStop doubles down on crypto amid a new partnership with FTX US GameStop is teaming up with crypto exchange FTX US in a promotional partnership. So far, 2022 has seen GameStop pursuing increasing involvement in the crypto space, evident in its NFT marketplace launch and its new gaming division devoted to Web3.
Robinhood has just announced its “Robinhood Investor Index.” The 100 stocks included are the most popular among its customers. Robinhood claims to have 22 million funded accounts. The initial reaction among many people who track the stocks they believe Robinhood investors own is that the list would be topped by GameStop and AMC. Any stock, which […]
GameStop keeps announcing flashy partnerships, but they won''t stop the company''s long-term decline.
GameStop Corp. (NYSE: GME ) shares are trading higher by 9.72% to … Full story available on Benzinga.com
Stocks kept investors on edge for most of Thursday, swinging between positive and negative territory throughout the session as investors sized up global central bank headlines. Kicking things off was an early morning decision from the European Central Bank (ECB) to hike its key interest rate by an unprecedented 75 basis points. A basis point is one one-hundredth of a percentage point. SEE MORE The Best Online Brokers and Trading Platforms, 2022 "Stuck between a rock and a hard place, ECB policymakers felt they had little option but to go ultra-big with the rate rise to try and cut the rope on inflation and spark a fall from its ascent," says Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. She adds that it couldn''t have come at a worse time. "With energy prices so elevated, bringing an end to the price spiral is going to be far from easy, and the ECB is warning that fresh hikes will be on the way." Back at home, Federal Reserve Chair Jerome Powell this morning doubled down on the hawkish tone he struck in a late-August speech in Jackson Hole, Wyoming.
GameStop stock is still below active resistance, but if it can clear that level, a significant rally could get under way.
Based on the latest headlines, figuring out which meme stocks to buy may be the last thing on your mind. Between a continued move to “risk-off,” due to economic uncertainties, along with tragic news related to high-profile meme stock Bed Bath & Beyond (NASDAQ: BBBY ), meme mania continues to unravel. However, while we aren’t likely to see a repeat of the 2021 frenzy anytime soon, that’s not to say that stocks in the meme category are a no-go right now (as long as you focus more on fundamentals and less on Reddit chatter). Top meme plays like AMC Entertainment (NYSE: AMC ) and GameStop (NYSE: GME ) continue to trade at valuations well above their underlying values. As the speculative bubble that sent them “to the moon” continues to deflate, such names are at risk of further declines. Yet in the case of some of the secondary meme plays, following their big drops from their respective all-time highs, one can argue that investors can buy into them today, at a very favorable entry point. For instance, with these three meme stocks to buy.
According to a press release, crypto exchange FTX will partner with GameStop (GME). The partners will cooperate to gain the interest of GameStop clients for cryptocurrencies, and onboard them into the FTX ecosystem. Related Reading: Zero Bitcoin Fees & USDC Delisting: How Binance Is Pushing For Larger Marketshare GameStop is a chain of retail technology […]
Check out the stocks making headlines after the closing bell on Wednesday, Sept. 7.
While the financial terms of this deal have not been disclosed, GameStop did note that it would serve as FTX''s "preferred retail partner"
Whether or not you’ve dabbled in GameStop (NYSE: GME ) stock before, you may be tempted to do so following the big drop over the past month. Down more than 41% since August, shares are showing a little life ahead of the videogame retailer’s earnings report at market close today. But before you decide to “buy the dip” with this popular meme stock, you may want to sit this one out. There’s little to suggest that the company will meet/beat expectations, with its latest quarterly results based on the earnings misses in the preceding quarters. Even if it does beat expectations, that may not be enough to save the day. Other factors, namely the decline of the “meme stocks” phenomenon, could outweigh it. In turn, applying more pressure onto shares. Add in a rich valuation, and all signs point to “avoid.” GME GameStop $23.78 GME Stock Can’t Buck the Trend GameStop has a mixed track record when it comes to living up to analyst estimates. Over the past two years, it’s only beaten revenue estimates 50% of the time and earnings estimates 38% of the time.
Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade after closing lower on Tuesday. The Dow Jones dropped around 173 points, while the Nasdaq Composite declined around 86 points in the previous session. Data released Tuesday showed the ISM services index climbed to 56.9 in August from previous reading of 56.7. Investors are awaiting earnings results from Casey''s General Stores, Inc. (NASDAQ: CASY ), GameStop Corp. (NYSE: GME ) and G-III Apparel Group, Ltd. (NASDAQ: GIII ). International trade report for July will be released at 8:30 a.m. ET. Analysts expect a deficit of $70.5 billion for total goods and services trade in July compared with a $79.6 billion deficit in the previous month. The Federal Reserve will release its latest Beige Book report at 2:00 p.m. ET. Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 9:00 a.m. ET, while Federal Reserve Bank of Cleveland President Loretta Mester will speak at 10:00 a.m. ET. Federal Reserve Governor Lael Brainard is set to speak at 11:55 a.m.
Shares of GME stock closed lower by 8% ahead of the company''s earnings tomorrow. Analyst are expecting YOY revenue growth of 7%.
Video game retailer GameStop (GME) is scheduled to announce Q2 results on Wednesday, Sept. 7, after market close.Consensus EPS estimate is -$0.41 (+46.1% Y/Y) and consensus revenue…
A class action lawsuit alleges that the executive vice president and chief financial officer of Bed Bath & Beyond Inc (NASDAQ: BBBY ), who died Friday after falling from the 18th floor of a New York City skyscraper in what the medical examiner said was a suicide, and GameStop Corp. (NYSE: GME ) Chairman Ryan Cohen , artificially inflated the company''s value through a "pump and dump" scheme. The Shareholder Lawsuit: Gustavo Arnal , who died at 52, and Cohen, are named as defendants in the class action lawsuit filed Aug. 23 in the United States District Court for the District of Columbia. Arnal, who had been employed by Bed Bath since 2020, sold 55,013 shares in the business in several transactions totaling almost $1.4 million between Aug. 16 and 17. After the sale, the late CFO still had around 255,400 shares. Related Link: Gustavo Arnal Net Worth & Insider Trades The investors behind the lawsuit said that after believing the financial reports and SEC filings of Bed Bath & Beyond, they closed short positions and initiated long positions in the shares.
Bed Bath & Beyond chief financial officer Gustavo Arnal and Gamestop Chairman Ryan Cohen were both named as defendants in a class action lawsuit alleging a pump and dump scheme.
The Biden Administration is gearing up to deliver $300 billion in student loan forgiveness. Unlike pandemic stimulus checks, retail investors are unlikely to use debt relief to rush into stocks. Individual investors now have to contend with hot inflation and a slump in asset prices. The US government''s $300 billion student loan forgiveness plan will provide financial relief to millions of Americans, but don''t expect a replay of the "stimmy" boom of retail investors who used pandemic stimulus checks to load up on stocks and cryptocurrencies, market experts told Insider. "I don''t expect it to ignite a new meme-stock rally. These are monthly payments that will lead to some of those assets flowing into the market over time that otherwise would have gone to pay off debt. I don''t think there''s going to be a big wave of capital rushing into the markets," Richard Smith, CEO of RiskSmith , a risk-assessment tool for retail investors, told Insider. President Joe Biden recently outlined the program that cancels up to $20,000 for some borrowers of federal student loans.
Source: Jackie Niam / Shutterstock [Editor’s note: “Find Bear Market Shelter and Mega Upside With ‘Divergence’ Stocks ” was previously published in May 2022 . It has since been updated to include the most relevant information available.] This year has been defined by bear market turmoil. The reality is that the entire global financial market is built on the back of super low interest rates. If those rates go way higher in 2022, stocks are due for more pain. But if you think that’s a reason to sell everything, let me ask you this. Did you know that a certain group of stocks has a proven history of soaring during market crashes? It’s true. And we uncovered those stocks thanks to a rare market phenomenon we recently discovered called the “divergence” — a phenomenon that repeatedly appears during bear markets and scores savvy investors huge returns (even if the broader markets keep crashing). This phenomenon just started to appear recently for the first time since 2008. It’s going to score savvy investors huge returns.
Dumb Money will explore what happened when everyday traders made the video game retailer''s shares go ballistic.
A holiday-shortened week will see earnings releases from Nio (NIO), DocuSign (DOCU), GameStop (GME), Kroger (KR), Coupa Software (COUP), Zscaler (ZS) and American Eagle Outfitters (AEO).
The GameStop meme stock phenomenon is heading to the big screen, as Pete Davidson, Paul Dano, Seth Rogen and Sebastian Stan are set to star in "Dumb Money."
Robinhood Markets Inc (NASDAQ: HOOD ) shares are once again back below $10 and are now down more than 75% from their $38 IPO price in July 2021. New Constructs CEO David Trainer wanted investors to stay away from Robinhood even before its IPO was completed, and Trainer said this week Robinhood investors may still have more pain ahead. Trainer''s IPO Call: In July 2021, Benzinga reported on how Trainer had called Robinhood a “bad bet for investors with alarming risk.” Now that the stock has dropped all the way below $10, Trainer said Tuesday that Robinhood''s growth has evaporated, and its business is nowhere near profitable. Related Link: Why Meme Stocks AMC Entertainment And GameStop Are Still ''In Danger Of Declining To $0'' Robinhood has burned through … Full story available on Benzinga.com
GameStop (GME) stock continues to suffer from a combination of factors hindering its performance. By now we are all familiar with the Ryan Cohen RC Ve
After a parabolic rise, shares of Bed Bath & Beyond (NASDAQ: BBBY ) tumbled after GameStop (NYSE: GME ) Chairman Ryan Cohen divested all of his stake in Bed Bath & Beyond. Also, the company plans to hold a conference call with a “ strategic update ” on Aug. 31. However, this could be a hit-or-miss event and could push BBBY stock higher or lower. Ultimately, there’s too much volatility and uncertainty here for most investors to handle properly. Maybe you’ve heard about the 20-year-old college student who generated $100 million in returns trading Bed Bath & Beyond shares. It’s exciting to consider that a non-professional investor could make life-changing money with just one stock. That’s the appeal of trading meme stocks. Yet, the thrilling get-rich-quick stories don’t always reveal the dark side of the meme-stock trade. What goes up fast can come down just as quickly – and if Bed Bath & Beyond isn’t a financially sound business, then most investors might choose to watch the action from the sidelines.
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