It’s game on for GameStop shares this morning. As of the time of this writing, GME stock is up over 51% in premarket trading, taking the share price to $26.70—its highest point since November 2022. The reason? On Tuesday, GameStopposteda quarterly profit for the ...
social media has been abuzz as both AMC and fellow meme favoriteGameStop(NYSE:GME) have shot up. While there are other factors pushing GME stock upward, this is likely the most exciting one for meme stock investors
What is happening with Robin Hood freezing those stocks on their platform? Big Tech appears all too willing to take on a guardian role as of late, especially over the last year. A self-appointed protective big brother may have good intentions, but volunteering to rescue free individuals from ...
“I’ve never seen anything like what’s happening with $GME before,” read oneTuesday poston the subreddit, referring to the online discussion version of the firm’s stock ticker. “F*** hedge funds.This is a crosspoint into the future.” It’s yet another sign of a market that appe...
happening, and Wall Street was starting to take notice. Firms that held a short position in GameStop stock were beginning to sweat and as the price continued to inch higher, there was a decision that needed to be made. This was the start of the most famous short squeeze in stock market...
To summarize what's happening on the market, big-time hedge funds are short-selling GameStop. That means they're betting its stock price will drop and they'll make money later on. But on the other side, a mass of amateur internet investors is buying GameStop stock, causing its stock...
What Is a Bear Squeeze? The stock market can sometimes resemble a high-stakes game where the line between predator and prey is all too thin. One of the most dramatic versions of this is when there’s a bear squeeze, when those doing the hunting in a seemingly bullish market become the ...
Of course, the rumor mill is now churning at full capacity, with thousands of users tweeting in response to the rumors, or adding their own speculation. Without any confirmation that this is happening, be extremely cautious. However, this is certainly a story to keep watching. On the date ...
Not unlike what’s happening with Robinhood and GameStop. You can learn more about Adoopt Me and what it teaches us about real-life tradinghere. Romina Maurino is a freelance journalist and the editor ofThe Financial Pipeline. Like us onFacebookand follow us onTwitter. ...
If there is a big enough surge in speculators buying call options, as we have seen with GameStop, it will be accompanied by a lot of stock buying. This is a cascading effect, which leads to price runs. In this case, it’s running the price up, but we are just as likely to ...