Group 1 - Cryptocurrencies themed on GameStop Corp. experienced significant gains, with Ethereum-based GameStop rising nearly 50% in 24 hours and trading volume increasing by 37% to $1.83 million [1] - Solana-based GmeStop also saw a rise of over 3% in the last 24 hours, indicating a broader interest in cryptocurrencies linked to GameStop despite their indirect connection to the company [2] - The recent uptick in cryptocurrency prices was influenced by CEO Ryan Cohen's social media post with Strategy co-founder Michael Saylor, leading to speculation about potential Bitcoin investments by GameStop [3] Group 2 - GameStop has maintained popularity as a retail stock, particularly following the 2021 meme stock phenomenon, with notable influence from figures like Keith Gill, who has been active on social media [4] - GameStop's stock price increased by 9.66% to $27.12 during regular trading and saw a further rise of 0.99% in after-hours trading, reflecting positive market sentiment [4]

Core Insights - GameStop shares surged over 9% on Monday, closing at $27.15, marking the highest closing price this month, following a photo posted by CEO Ryan Cohen with Bitcoin investor Michael Saylor [1][2][3] - Despite the recent surge, GameStop's stock is down 13% year-to-date and has experienced a 16% decline over the past month [3][6] Company Developments - The share price increase is linked to speculation regarding GameStop's potential cryptocurrency strategy, as the company has previously ventured into the cryptocurrency space, including a now-defunct cryptocurrency wallet launched in 2022 [2][6] - GameStop's stock has been volatile, having surged 85% in a turbulent trading year in 2024, with a notable peak of $48.75 last year [6] Market Context - MicroStrategy, the company co-founded by Saylor, also saw a stock increase of over 2% on Monday, with shares up 15% since the beginning of the year [4] - Saylor's net worth is estimated at $8.5 billion, reflecting a $111 million increase on the same day GameStop shares surged [5]

Key TakeawaysShares of GameStop and MicroStrategy each jumped Monday morning following a social media post over the weekend.GameStop CEO Ryan Cohen posted a picture early Saturday of himself with MicroStrategy cofounder Michael Saylor, sparking speculation over GameStop's potential crypto plans.MicroStrategy, which last week said it was rebranding itself to Strategy, also bought more Bitcoin over the last week. Shares of GameStop (GME) and MicroStrategy (MSTR)—which last week rebranded itself as Strategy—ea ...

GameStop and MicroStrategy shares popped on Monday on speculation that the struggling video game retailer might embrace crypto.The famed meme stocks boss Ryan Cohen posted a photo over the weekend with MicroStrategy CEO Michael Saylor, whose firm is the largest corporate holder of bitcoin.GameStop stock jumped 7% on Monday and MicroStrategy shares rose 2%. 3 Michael Saylor (left) and Ryan Cohen (right). X/Ryan CohenGameStop and MicroStrategy did not immediately respond to requests for comment.The flailing ...

In this articleMSTRGMETraders work underneath GameStop Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, June 7, 2024. Michael Nagle | Bloomberg | Getty ImagesShares of GameStop and MicroStrategy were on the rise Monday after Ryan Cohen, CEO of the video game retailer, posted a photo with Michael Saylor, co-founder and chairman of the largest corporate holder of bitcoin.GameStop, day traders' favorite meme stock, climbed 3.5% in premarket trading, while MicroStrate ...

GameStop Corp. (GME) , the original “meme stock” that ignited a social media-fueled trading frenzy, remains a hot topic on Wall Street. Despite ongoing volatility and questions about its long-term fundamentals, the stock continues to trade at a premium, supported by retail investor enthusiasm. With GME still drawing speculative interest, investors face a key decision: Is it worth buying at current levels, holding for potential upside or selling before sentiment shifts?The video game retailer is currently tr ...

GameStop (GME) closed the most recent trading day at $27.51, moving +0.18% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.47%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 0.51%.The video game retailer's shares have seen a decrease of 12.38% over the last month, not keeping up with the Consumer Discretionary sector's gain of 2.51% and the S&P 500's gain of 1.67%.Investors will be eagerly watching for the perfor ...

More than 2 million GME calls have been traded over the last 2 weeksRetail giant GameStop Corp (NYSE:GME) is having a challenging start to 2025, with shares down 13% so far in January. Despite the rough patch, options traders appear undeterred, maintaining a bullish outlook on the former meme stock.In fact, GameStop stock made its way onto Schaeffer's Senior Quantitative Analyst Rocky White's list of S&P 400 stocks with the highest options volume over the past 10 days. During this period, a staggering 2,023 ...

Investment Strategy - Prefers GARP (growth at a reasonable price) stocks but also explores other investment opportunities [1] - No specified time horizon for investments, holds stocks as long as the investment thesis remains valid [1] - Utilizes Python-based market-beating algorithms to identify attractive investment opportunities within the portfolio [1] Professional Experience - Worked at TipRanks as an analysis/news writer and editor, gaining market insights and understanding reader interests [2] - Developed skills in identifying and correcting misinformation and "fluff" in financial content [2] - Previously associated with Investor's Compass [3]

Video game retailer GameStop Corporation GME is a widely followed stock, but the company hasn’t hosted earnings conference calls in recent years.That could change in 2025 based on a new report and a company job posting.What Happened: The latest quarterly report saw GameStop end the quarter with $4.6 billion in cash. Investors and analysts want to know if the money will be used for acquisitions or investments (i.e., stocks and cryptocurrency).Reporter Charles Gasparino, who is a Fox Business host, suggests t ...