GameStop’s stock market explosion, explained The individual suing Gill, Christian Iovin, alleges Gill was illegally manipulating GameStop’s share price by encouraging his YouTube and Reddit audience to hold all their shares of GameStop, causing what’s called a “short squeeze” that artificial...
This sharp drop has left many investors questioning the future of GameStop and how to navigate the unpredictable landscape of meme stock investments.GameStop's rise to fame as a meme stock was nothing short of spectacular. Fueled by retail investors on platforms like Reddit's WallStreetBets, ...
In 2021, the price of GameStopclimbednearly 700%, driven in part by traders discussing the company on a Reddit chatroom called Wall Street Bets, most notably Gill. The rally did not coincide with a major strategy shift or executive shake...
Meme stocks —GameStopjumped 119%, adding toMonday's 74.4%gain, after the man who fueled the 2021 GameStop frenzy, "Roaring Kitty," posted online for the first time in about three years.AMCsoared 105%, whileRedditandRobinhoodrose 4.6% and nearly 7%, respectively. ...
Market structureRetail tradingTrade volumeIn January 2021, the stock price of NASDAQ-listed GameStop Corporation surged more than twenty-fold for no discernible economic reason. Many observers attributed this broadly covered rise to retail investors, organizing themselves in Reddit's WallStreetBets ...
The New York Stock Exchange welcomes Reddit to celebrate its initial public offering. To honor the occasion, Snoo rings the opening bell. NYSE RedditandRobinhoodappear to be benefiting from the renewed interest inGameStop. Shares of the social media companyrose 9%, while the brokerage stock rose...
GameStop— Shares dropped more than 20% after the video game retailer said itplans to sell 45 million common shares of its stock.It also posted preliminary results that showed a sales decline in the first quarter. Reddit— The social media company rallied 10.5% after announcing a partnership ...
Previously a prolific Reddit user and meme-stock guru, “Roaring Kitty” posted on X on Monday, and this was his first X or Reddit posting since the height of stock-market speculative fervor in 2021. Judging from his X posting, it looks like “Roaring Kitty” didn’t have much to say,...
“We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors,” the TD Ameritrade spokesperson added. Related articleEverything you need to know about how a Reddit group blew up GameStop's stock ...
It’s the SEC’s job to protect investors, and the expectation across Wall Street is that investors holding GameStop at these lofty prices are likely to be hurt when its price falls. What sets this case apart is all the communication going on between investors on Reddit, as they goad ...