GameStop Corp (NYSE: GME) is up another 50% in premarket on Tuesday as retail investors continue to pile into shares of the video gaming merchandise retailer.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Cole Smead shares view on $GME rallyCopy link to sectionWhile many have pulled off exceptional returns from return of the meme stock craze, the chief executive of Smead Capital Management continues to liken it to gambling.  He’s against participatin ...

Fund manager Cole Smead has described the meme stock craze as "frankly stupid," as day traders once again pile into GameStop and AMC."It is gambling," he said Tuesday on CNBC's "Street Signs Europe." Smead is the CEO of Smead Capital Management which has around $6 billion of assets under management. "You've got to remember these are young people, these are forty-year-old people like me, who are going out and doing stuff that is just frankly stupid," he added. Brick-and-mortar video game retailer GameStop sa ...

In what looks like a scenario from three years ago, GameStop (NYSE: GME) stock continues its surge, adding well over 70% in just one trading day, with gains of 30% extending in the pre-market, effectively doubling GME shares worth with $40 valuation.GME stock 30-day price chart. Source: FinboldAdding to the frenzy, Keith Gill, also known as Roaring Kitty, has emerged from a three-year hiatus on the X network. His series of cryptic posts have further stoked the hype around GME shares, with Andrew Tate advoca ...

Meme stock mania appears to be far from dead. During the last incredible short squeeze cycle, which saw GameStop (NYSE:GME) surge to incredible levels, many retail investors made a killing. Today, GameStop appears to once again be in focus, with GME stock surging more than 75% in early afternoon trading on some interesting news.GameStock is up on news that Keith Kill, also known as “Roaring Kitty” on his Reddit (NYSE:RDDT) account, has made his first online post in almost three years. This move has also sen ...

I’m not a GameStop (NYSE:GME) hater. In fact, I have never traded the stock, nor do I have any intention to. But when I see the market’s reaction to “the return of Roaring Kitty,” I can’t help but think that the Federal Reserve isn’t done raising rates. That liquidity is still too ample. This is not an efficient market. This is not some game. I said before we are going back in time to 2021, and the last time we saw this type of silliness, it was the top for most stocks.Meme stock mania marked the top for mo ...

Direxion Daily Retail Bull 3X Shares RETL was surging about 10% on Monday, partly driven by massive bullish momentum in GameStop Corporation GME stock –the latter which was skyrocketing about 65% after Keith Gill resurfaced on social media.Traders and investors may be choosing to take a position in RETL, which holds a 1.2% weighting of GameStop, as well as multiple other retail stocks, to take advantage of GameStop’s upward trajectory but with diversification.RETL is a triple-leveraged fund that is designed ...

Mentions of the video game retailer on the Reddit forum topped 900 for the last seven days as of late Monday morning, according to market research platform Quiver Quantitative. With Monday's boost, the stock surpassed artificial intelligence darling Nvidia to become the second-most referenced equity in that period — behind just the SPDR S&P 500 ETF Trust (SPY) , a popular fund tracking the benchmark S&P 500 index.GameStop has once again become on a hot topic on Reddit's famed WallStreetBets page Monday afte ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

GameStop (NYSE:GME) stock is experiencing trading halts on Monday morning as the return of Roaring Kitty results in a major rally for the video game retail company’s shares.Roaring Kitty is the investor that started the GME stock meme rally back in 2021. This spread to become a larger meme stock rally that caused quite a bit of volatility for the market. This came alongside short squeezes of several shares.With Roaring Kitty making his first post on X since 2021, a new meme stock rally is underway. GME is a ...

GameStop shares soared more than 70% on Monday after "Roaring Kitty," a key figure behind the stock's so-called Reddit rally in 2021, reemerged on X and posted a drawing after a three-year break from social media. The stock surged after Keith Gill, known as "Roaring Kitty" posted a picture of a man leaning forward in a chair, appearing to be holding a gaming controller. GameStop shares were repeatedly halted for volatility during the morning amid a rise in the stock's share price, which at one point was up ...