Keith Gill, famously known as Roaring Kitty, has notably returned to social media, sparking market excitement. On June 27, Gill posted an image of a cartoon dog with its tongue hanging out on X, leading to speculation that Chewy’s (NYSE: CHEWY) stock, an American online retailer of pet food and other pet-related products, might be his next target.  This simple post caused CHWY shares to surge by over 27% in early trading, reaching daily highs of $35.75, although the stock later gave up most of these investm ...

Stocks have had a strong year so far, with share prices rising approximately 50% since bottoming in October 2022. This is the best performance since 1957. However, historically, traders are looking for certain stocks to sell during substantial growth. Typically, stocks experience some pullback, defined as a 10% decline from the recent high. While they do not seem ready to sell yet, there are hints of unease as investors worry about the concentration of gains within a small group of large tech companies.In f ...

In 2021, a trader with a large Reddit following induced a massive rally in shares of GameStop Corp. NYSE: GME. The downtrodden gaming retailer was the most shorted stock in the entire market in January 2021, but the retail buying frenzy triggered a massive run-up in price as hedge funds were forced to cover their short positions to prevent huge losses.GameStop shares rallied from under $5 to over $80 (split-adjusted) in just under three weeks, igniting sympathy rallies in other heavily shorted stocks like A ...

GameStop (NYSE:GME) stock is fading. Shares of the video game retailer have lost almost two-thirds of the value gained after the recent run-up caused by Roaring Kitty’s return to social media. Despite Keith Gill’s belief in the company and significant ownership, investors question the timing of buying GameStop stock.Despite the video game retailer sitting 140% above the lows hit prior to the revival of meme stock trading, the trading frenzy has subsided. Is having faith in CEO Ryan Cohen’s ability to turn t ...

GameStop (NYSE: GME) stock price has retreated sharply in the past few weeks as the meme mania faded. After soaring to $65.20 in May, it has plunged by over 62% to the current $24.93, costing investors over $1 billion.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The good and the uglyCopy link to sectionGameStop, a video game retailer, has become one of the luckiest companies in the United States. In 2021, it became the poster child of the meme stoc ...

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 ...