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GameStop gains top 500 US market cap spot on meme stock resurgence
Proactive Investors· 2024-05-14 18:34
Group 1 - Proactive specializes in providing fast, accessible, and informative business and finance news to a global investment audience [1][2] - The company covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [2] - Proactive employs a combination of human expertise and technology, including automation and generative AI, to enhance content production while ensuring all content is edited by humans [2]
These Are the Most Heavily Shorted Stocks Heating Up the Market
24/7 Wall Street· 2024-05-14 15:37
These Are the Most Heavily Shorted Stocks Heating Up the Market Jonathan Weiss / Shutterstock.com The meme stock craze, which first captured headlines in early 2021, is experiencing a resurgence with retail investors buying shares of high short interest stocks, hand over fist. And as seen three years ago, investors who took the other side of this bet and shorted these otherwise struggling companies are left to cover their short positions.This maneuver is called a short squeeze, as short sellers are forced ...
GameStop's stock surge continues, punishing short sellers
Fox Business· 2024-05-14 14:31
GameStop shares are skyrocketing for a second day, adding to the 74% rally on Monday fueled by the unexpected social media return of retail investor "Roaring Kitty" after a three-year hiatus. Other meme stocks, such as AMC and Beyond Meat, also saw big gains. Heavy trading is prompting multiple trading halts on many of these names. Roaring Kitty, also known as Keith Gill, marked his return with a Sunday post on X of a drawing of two gamers – one appears to be leaning in, noted by a red arrow. This sparked a ...
Should You Buy GameStop-Heavy ETFs on Meme Mania?
Zacks Investment Research· 2024-05-14 13:35
The world's largest video game retailer GameStop (GME) stock surged 74.4% on May 13, 2024 following the return of Keith Gill, also known as Roaring Kitty, to social media after a three-year absence. His reappearance on the platform X reignited excitement among retail investors as he initiated the meme stock rally during the pandemic.The stock GME has about 6.24% exposure to YieldMax Ultra Option Income Strategy ETF (ULTY) and 3.3% exposure to Amplify Video Game Tech ETF (GAMR) . The fund ULTY jumped about 5 ...
Tupperware shares surge amid meme stock frenzy, GameStop-inspired trading wave
Invezz· 2024-05-14 12:10
Follow Invezz on Telegram , Twitter , and Google News for instant updates >Tupperware Brands Corporation (NYSE: TUP) experienced a dramatic increase in its stock value, soaring 23.30% in Tuesday’s premarket trading.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.This significant jump follows a 36.43% rally on Monday, fueled by the resurgence of meme stock trading. The revival was sparked by a tweet from Keith Gill, also known as Roaring Kitty, marking ...
Why Is GameStop (GME) Stock Up 131% Today?
InvestorPlace· 2024-05-14 12:02
GameStop (NYSE:GME) stock is rocketing higher on Tuesday as the video game retailer’s shares are still rallying on the return of Roaring Kitty.Roaring Kitty is the investor behind the GME stock rally of 2021. That spread to other companies, creating a massive meme stock rally that year. However, the investor went radio silent back in 2021.Over the weekend, Roaring Kitty returned to social media with a post on X. That sent shares of GME and other meme stocks higher on Monday. This movement continues today as ...
Is GameStop's 80% Rally a Sign of Small Caps Returning?
MarketBeat· 2024-05-14 12:00
Key PointsGameStop is looking to make a comeback after Twitter (now X) user "Roaring Kitty" boosted the company's future online.Sticking to the fundamentals, this 80% rally could be short-lived, as analysts see just as much downside from today.There are other better ways to play this "risk on" attitude given by markets.5 stocks we like better than CleanSparkThe meme stock mania could be back underway, as shares of GameStop Corp. NYSE: GME have been halted after rallying by as much as 80% on Monday’s trading ...
A 250% gain in GameStop stock within days is ‘frankly stupid'
Invezz· 2024-05-14 11:32
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 ...
‘Frankly stupid': Fund manager weighs in on reignited meme stock frenzy as GameStop soars
CNBC· 2024-05-14 10:15
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 ...
Analysts revise GameStop stock price target amid short squeeze
Finbold· 2024-05-14 08:39
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 ...