Any recent changes to analyst estimates for GameStop should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit p...
However, the risk of missing that forecast is greater than shareholders are used to seeing at this point in GameStop's fiscal year. The cadence of video game releases is heavily tilted toward the third and fourth quarters in 2018, which means that this period should account for as much as ...
It should just work. And it does almost all of the time. But seriously bad things happen when it starts breaking down. While people may be upset with Robinhood right now, this was an example of the system working, or at least preventing a more serious problem. When you buy or sell a...
But while Wedbush Securities analyst Michael Pachter agreed with Kusin that GameStop should shrink its physical footprint, he argued that the best path forward is to shut down and sell the brand. A GameStop store is seen in New York on March 4, 2024.(Shelby Knowles / Bloomberg / Getty Im...
Sure, most of the ‘professional’ investors lost millions, if not billions, covering their short positions in GameStop. But they had the capital to do so. Retail traders, especially inexperienced ones, should not be shorting stocks because if it gets away from you, the losses are potentially...
“We faced that literal question: ‘is there pressure, or should you do something?’” Huffman told the BBC. “But our motivation…was actually the opposite—to keep wallstreetbets online…we were making sure that the community didn’t break, because a lot of people were coming to Reddit ...
Robinhood sent an email to customers in the afternoon of Jan. 28 saying it would allow "limited buys" of those company stock starting the next day. The limits included a maximum number of shares users could own (at one point it was down to one GameStop share), no trading options, no ...
Russ Mould, investment director at AJ Bell, said: “No tears will be shed for hedge funds losing money – they should know and be able to manage the risks – but there are still potential knock-on effects which investors need to consider, especially in light of heavy losses in the mainst...
Feeling pretty clever for how you rode the GameStop train? You should. But don’t assume you can do it again. Your bet — because face it, it was kind of a bet — could just have easily not paid off. Only in hindsight could anyone have predicted what happened...
GameStop’s CEO is now worth nearly $1 billion –CNN Ignore the Reddit-fueled spike, GameStop is actually still in trouble –CNET GameStop Stock Surges, Plunges, and Ends at Record Close –Barron’s Discussion Questions DISCUSSION QUESTIONS: Does the current system and the practice of shortin...