At this point, I don’t see any good reasons to buy or even hold GameStop (NYSE:GME) stock. Fundamentally, the company’s business is contracting and its business model is broken while its CEO, Ryan Cohen, does not seem to have a viable plan to turn the company around. Also importantly, the valuation of GameStop stock is not particularly attractive and Cohen has a mixed record at best. On a more technical level, the meme stock rallies that had propelled the shares higher in recent weeks could not be sustained ...

Loading...Loading...On Wall Street, market gurus come and go. Every few years, there's a new “expert” who gains a following and can influence markets.One thing that never changes is market principles. The GameStop Corp. GME chart has a technical lesson, and that’s why it’s our Stock of the Day. GameStop’s $63 Resistance Level: Stocks tend to hit resistance and reverse when they reach price levels that were previously peaks or tops.There are traders and investors who buy at the very top. Many of them come to ...

Social media forum Reddit Inc. NYSE: RDDT made headlines during the 2021 meme stock frenzy as its popular wallstreetbets forum led small investors into shares of GameStop Co. NYSE: GME, fueling its historic short squeeze. The company went public through an IPO on March 21, 2024, rising to a $74.90 peak the following day and falling to a low of $37.35 just a few days later. Shares have stabilized for the time being, especially as a meme stock resurgence appeared to be spawning again on the return of Roaring ...

Do you trade stocks for excitement and thrills, or to make money and actually keep it? This is a question for sensible investors to consider as GameStop (NYSE:GME) is certainly garnering attention in 2024, but not for all the right reasons. Building wealth slowly and sustainably is better than chasing get-rich-quick dreams with GameStop stock. It’s not just about returns; it’s about risk-adjusted returns. When the risk is too high, you’d better just step aside. So, don’t just follow a famous meme stock trad ...

Meme stock madness has returned to Wall Street after a three-year hiatus, with Roaring Kitty (a.k.a. Keith Gill) drawing in massive crowds online with his big bets on GameStop (NYSE:GME) stock. Though Roaring Kitty has since (reportedly) dumped his GME options, he’s still long on the stock big-time, with a huge stake worth anywhere from $220,000 to $262,000. Given how profoundly volatile GME stock has been, the value of his stake is sure to change by double-digit percentage amounts on any given day.Although ...

After weeks of surging through the hype, GameStop’s (NYSE:GME) fanfare appears to finally be subsiding. Now, retail investors are more aware of this stock’s risks in times of short squeezes and meme frenzy. Indeed, holding GME stock poses heightened risk of total loss amid a dip in market sentiment. Management could retreat from investment positions due to market panic. Also, there’s always the potential for future stock issuance, if the price does go up.It’s my view that GME stock is a meme stock best avoi ...

Loading...Loading...Meme stocks are back in the spotlight with the resurgence of Keith Gill, aka Roaring Kitty, on social media after a three-year break. His return reignited interest in meme stocks like GameStop Corp GME, AMC Entertainment Holdings Inc AMC, and others, causing a significant surge in their prices. For investors looking to ride this wave, here are three ETFs to consider:VanEck Social Sentiment ETF BUZZThe VanEck Social Sentiment ETF offers exposure to large-cap U.S. stocks that show high pos ...

GameStop investors got another news dump on Monday, this time from the company at its annual shareholders meeting. CEO Ryan Cohen told investors the video game retailer plans to "continue reducing costs and focusing on profitability," without elaborating.  Shares fell 12% and slipped further on Tuesday, but are still up over 100% this quarter amid extreme volatility. Much of the gains have been driven by retail investor "Roaring Kitty" who disclosed an update to his GameStop holdings in early May, after a t ...

GameStop (NYSE:GME) held its delayed annual meeting for shareholders on Monday, June 17. The anticipation was palpable. Originally scheduled for June 13, the meeting had to be postponed because the livestream attracted so much attention it crashed the host’s servers.The rescheduled meeting, however, was a let down. CEO Ryan Cohen spoke briefly, espoused generalities and gave little hint at what the plan was for the video game retailer’s future. He took no shareholder questions and the virtual meeting conclu ...

Another week has past and GameStop’s (NYSE:GME) stock has grown more volatile, putting investors further at risk. On June 12, GameStop stock plunged 25% on reports that investor Keith Gill, who goes by the online handle “Roaring Kitty,” exercised most of the 120,000 call option contracts he had. Gill apparently used the options contracts to buy even more GME stock. As the trading week ended on June 14, Gill shared a screenshot of his investment account that showed he held over nine million shares of GameSto ...