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Business, Cryptocurrencies

“GameStop reports wider loss, announces partnership with crypto exchange FTX”

“GameStop said Wednesday that quarterly sales declined and losses widened, as it burned through cash and inventory swelled. The video game retailer also disclosed a new partnership with crypto exchange FTX. Shares of the company rose more than 6% in premarket trading Thursday.… Continue Reading…

Stocks

“This Meme Stock Just Raced Past GameStop As The New Money Machine”

“Support.com (SPRT) erupted out of nowhere this month and is suddenly stealing the Reddit-crowd’s affection. And for good reason: It’s fast pushing GameStop aside. Shares of Support.com are up 1,583% just this year. That puts it ahead of the still-impressive 1,041%… Continue Reading…

Stocks

“GameStop to Offer Up to $1 Billion in Shares; Stock Declines”

“GameStop Corp. fell early on Monday after the company said it may sell up to $1 billion worth of additional shares in an at-the-market equity offering program. Shares of the video game retailer declined more than 15% to $160.96 as… Continue Reading…

Stocks

“GameStop Stock Fell So Much It Had to be Halted. That Didn’t Stop the Selloff.”

“GameStop stock dropped suddenly Monday morning, prompting a brief halt due to volatility. The stock fell wider than 15% to as low as $223.00, bounced back, and then fell even lower. Shares of videogame retailer GameStop (ticker: GME) this month have… Continue Reading…

Stocks

“GameStop Shares Drop, Extending 80% Slump From Last Week”

“The stock fell as much 4.7% to $60.77 at 10:40 a.m. in New York trading, after whipsawing between gains and losses earlier. It slumped 80% last week, a drop that followed three weeks of dizzying gains. Robinhood Markets Inc.’s move… Continue Reading…

Stocks

“Gamestop, memestocks, and the revenge of the retail trader”

“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… It… Continue Reading…

Stocks

“Bed Bath & Beyond, AMC rally with GameStop as little investors squeeze hedge funds in more stocks”

“Shares of Bed Bath & Beyond are popping 36% and shares of AMC Entertainment are soaring 30% on Monday, as individual investors pile into the names while hedge funds rush to cover their losses from shorting the stocks. The pair… Continue Reading…

Stocks

“Barron’s Picks And Pans: Exxon Mobil, GameStop, Intel, 3M, Toll Brothers And More”

“”3M Stock Is Unloved and Underpriced. Here’s Why It Could Shoot Up Higher” by Ben Levisohn discusses why 3M Co (NYSE: MMM) stock could be poised to ride an economic rebound. After all, the conglomerate makes the adhesives, abrasives and chemicals that companies… Continue Reading…