Stock Investing News, Analysis and Tips May 20, 2024 4:55 PM EDT Stock Market Today: Stock rally with Nvidia earnings in focus; Nasdaq hits record high The S&P 500, which hit an all-time high of 5,325.49 points last week, is outpacing gains for the Nasdaq so far this year. ^DJI^IN...
Top stock came public on the Nasdaq in June 2022. The initial offering priced at $5 per share for 5 million shares. Shares popped on the first day of trading, reaching a high of 27.50. The stock rallied more than 50% in early May last year in meme-like action, then reversed gears ...
Gill, also known as DeepF---Value on Reddit, is a former marketer for Massachusetts Mutual Life Insurance, who previously led a host of day traders piling into GameStop back in 2021. The return of the meme stock phenomenon brought GameStop and AMC shares up more than 70% on Monday, wi...
An online army of traders using the online site Reddit banded together for the past two weeks to snap up shares of GameStop, AMC and other struggling chains, stocks that have been heavily shorted (bets that the stock will fall) by a number of hedge funds. In the process, they’ve done...
Other favorites withWallStreetBets, the Reddit forum that spurred the meme-stock craze three years ago, jumped in pre-market trading on Tuesday. Among them are movie-theater operator AMC Entertainment, whose shares soared 31%, and BlackBerry, with a 12% gain. GameStop shares spiked 60%....
surged on Tuesday. It's the second consecutive day that such stocks have popped in the stock market, following GameStop's72% surgeon Monday.Other favorites withWallStreetBets, the Reddit forum that spurred the meme-stock craze three years ago, jumped in pre-market trading on Tuesday. Among ...
Heading into a new trading week,ContextLogic Inc.(NASDAQ:WISH),Palantir Technologies Inc. (NYSE:PLTR),AMC Entertainment Holdings Inc. (NSYE:AMC) andClover Health Investments Corp.(NASDAQ:CLOV) are among the stocksseeing the highest intereston Reddit’s r/WallStreetBets forum. What Happened: ...
The renewed focus on meme stocks comes amid a broader melt-up in financial markets powered by strong corporate profits and robust economic growth. The S&P 500 is up 26% over the last 12 months, while the Dow Jones Industrial Average and tech-heavy Nasdaq have risen 18% and 33%, respective...
Short sellers profit when a stock goes down. This army of traders has galvanized on Reddit to support these so-called meme stocks —even though there are serious questions about the companies’ fundamentals. All three firms are expected to lose money this year and ...
AMC’s stock had already been soaring thanks in large part to Reddit, where the popular WallStreetBets board touted the stock last week as a way to hurt short sellers who bet against AMC. Related article 'A Quiet Place Part II' kicks off summer with a blockbuster opening Th...