The renewed GameStop (NYSE: GME) mania has shown that the trading community wields a significant impact on the stock market and can make substantial movements in stock valuations, turning thousands into millions.Exactly this happened to an anonymous trader on May 17, as his initial $27,000 investment in call options became $2 million worth of profit.Trader turns $27,000 into $2 million with GME stock call options. Source: Unusual WhalesThe news came as a response by Unusual Whales to a post from Robert F. K ...

Independent U.S. presidential candidate Robert F. Kennedy Jr. hikes in the Santa Monica Mountains in Los Angeles on March 18, 2024.Robert F. Kennedy Jr., the third-party challenger to President Joe Biden and former President Donald Trump in the 2024 election, said Tuesday that he had invested $24,000 in the meme stock GameStop, in an effort to show solidarity with retail investors over large, institutional funds."My administration will support the Ape retail rebellion and enact aggressive Wall Street reform ...

Video game retailer GameStop (NYSE:GME), along with global movie-theater chain AMC Entertainment (NYSE:AMC) and a handful of other companies, are the talk of Wall Street again. It feels like 2021 all over again, but that’s not necessarily a good thing for sensible investors. After delving into the company’s financial facts, you’ll hopefully be convinced to stay away from GameStop stock.If you’re a day trader who flips GameStop shares for a quick buck, that’s a different story entirely. My message is for ser ...

As inflation remains increasingly sticky, finding undervalued stocks to buy has become increasingly difficult. Meme stocks like GameStop (NYSE:GME) continue climbing despite rapidly approaching market saturation, which could leave retail traders holding the bag when the music stops.Even if inflation cools consistently, goods and services remain significantly higher than two years ago. This discrepancy arises because inflation measures ongoing price growth rather than actual price levels, resulting in persis ...

On May 12, 2024, the internet cheered as the man credited with launching the GameStop (NYSE:GME) short squeeze of 2021 returned to social media. Keith Gill, better known by the online alias “Roaring Kitty,” randomly shared a drawing of a gamer on X after a multi-year hiatus from the platform. The post did not have much context, but it quickly sparked a meme stock trading frenzy, sending favorites such as GME and AMC Entertainment (NYSE:AMC) into the green.A week later, the meme stock rally has died off, but ...

GameStop (NYSE:GME) and AMC (NYSE:AMC) meme stocks rose substantially last week, gaining over 70%. The return of ‘Roaring Kitty’, prominent investor Keith Gill, has traders wondering which meme stocks to buy next. After three years away from publicity, the trading crowd seems to be hyped up again.Markets have more experience in sharply moving meme stocks now due to retail traders’ participation in coordinating on social media in 2021. Hedge funds are more cautious of unconventional short squeezes, while the ...

GameStop Corp. (GME) has released preliminary financial results for the first quarter of fiscal 2024, highlighting a tumultuous period for the retailer, with a significant drop in sales and strategic financial maneuvers. According to the report, net sales for the quarter are expected between $872 million and $892 million, suggesting a stark decline from the $1.237 billion reported in the prior-year quarter. This drop reflects the ongoing challenges within the retail sector and shifts in consumer behavior af ...

Loading...Loading...A video clip posted by the Roaring Kitty account on social media platform X has signaled the potential farewell of Keith Gill, an influential figure in the 2021 GameStop short squeeze, just as GameStop shares experience renewed volatility.While GameStop shares surged at the start of last week, the stock price fell on a potential offering. An exit by Gill once again on social media could dampen the rally in the video game retailer's share price further.What Happened: The X account of Roar ...

As the saga surrounding GameStop (NYSE: GME) seemingly draws to a close, as GME stock went from $65 to $22 in just three trading sessions after a staggering loss of 65% over the same period, GME stock is showing signs of recovery in the pre-market, with gains of 3.29%.GME stock 5-day price chart. Source: Google FinanceWhether the current rally was short-lived or other potential short squeezes will occur in the upcoming months may depend on the trading community and its leader ‘Roaring Kitty.’Preliminary Q1 ...

GameStop Revenue Down 37% In Five Years Dennis Diatel Photography / iStock Editorial via Getty Images When it comes down to it, most companies are measured on financial performance. Even if their stock trades wildly high or lower, there must be a benchmark. This is true of GameStop (NYSE: GME). Its revenue has decreased 37% in five years to $ 5.3 billion, and the company lost money in all but one of those, which was in 2019. Some people think GameStock shares are junk.Five years ago, GameStop’s stock trad ...