Wolfspeed (WOLF) stock jumped nearly 20% at market open today after the chipmaker confirmed that bankruptcy restructuring has reduced its overall debt load by a whopping 70%. The announcement arrives about a month after WOLF exited Chapter 11 bankruptcy that its chief executive, Robert Feurle, said positions the company to “move swiftly on its strategic priorities.” More News from Barchart Including today’s rally, Wolfspeed stock is trading up nearly 40% over the past five days. www.barchart.com Why D ...

Wolfspeed stock is jumping this week as the chipmaker emerges from bankruptcy. Some data shows the stock up as much as 2,500% in two days, but the reality is more complicated. Here's what's going on with the latest meme-like rally. The move: Wolfspeed stock rose as much as 46% on Tuesday, hitting a high of $32.26 early in the session. The gains extended its rally to as much as 79% in the last two days. Why: On Monday, Wolfspeed announced that it had successfully exited Chapter 11 bankruptcy protecti ...

Newsmax went public earlier this year, and its stock took off immediately. But the enthusiasm didn't last.Newsmax (NMAX -3.00%) stormed onto the public markets earlier this year, with its stock soaring more than 700% out of the gate. In subsequent sessions, it surged to an intraday peak of $265 a share. Investors believed there was some kind of connection between the media company and President Donald Trump, and that resulted in it trading like a meme stock.Newsmax runs a 24/7 news channel as well as other ...

In Tesla's big September rally has got one analyst reminiscing about the good old meme stock days. In a new note this morning, Barclays credited the stocks run up to retail excitement surrounding the EV makers upcoming annual shareholder meeting. They say this rally feels similar to the bull run that took the stock to all-time highs back in 2020 and 2021.Barclays Dan Levy joins us now to break down his note. Dan, great to have you with us. >> Thank you so much for having me, Melissa and Mike.uh you know cal ...

Core Insights - Opendoor Technologies has seen a significant increase in its stock price, driven by retail investor interest and social media hype, with shares up 450% this year [3][5] - Jane Street, a prominent trading firm, has acquired a 5.9% stake in Opendoor, amounting to approximately 44 million shares valued at around $362 million [2][6] - The investment by Jane Street indicates that Opendoor is gaining attention from institutional investors, despite being unprofitable and heavily shorted by hedge funds [3][5] Company Developments - Opendoor appointed Kaz Nejatian, former COO of Shopify, as its new CEO and brought its founders onto the board, which contributed to a surge in its stock price [4] - The company has become a meme stock, similar to GameStop, attracting retail investors while facing skepticism from Wall Street analysts [5] Market Sentiment - Despite the recent surge in stock price, Wall Street remains largely negative on Opendoor, with four out of six analysts issuing "sell" ratings and a mean price target of $1.02 compared to the current share price of $8.23 [5]

Currently valued at around $1.5 billion by market capitalization, AMC is trading nearly 47% below its December 2024 peak of $5.56, reflecting the challenges the company has faced in recent years. Over the past 52 weeks, the stock has dropped 35%, a steep decline compared with the S&P 500 Index’s ($SPX) gain of 16.2% over the same period, highlighting how AMC has significantly lagged the broader market.Kansas-based AMC is the largest movie theater chain in the U.S., Europe, and worldwide, operating roughly 9 ...

When “hydrogen” and “explode” appear in the same sentence, it usually spells disaster. This time, it spells breakthrough. Shares of Plug Power, a hydrogen tech provider, have exploded in the past week, climbing roughly 50% through the past five trading sessions (though its 10-day streak finally snapped on Tuesday). Given the company’s not-so-impressive history, what’s with the runup? READ ALSO: Feast or Fluke? US Home Sales Hit Highest in Almost Four Years and Tether Poised to Join Ranks of World’s Most V ...

Core Viewpoint - Boxlight (BOXL) shares experienced a surge of over 500% due to retail investor enthusiasm, but this increase is largely driven by market speculation rather than substantial business developments, indicating significant underlying risks [1][4]. Financial Performance - Boxlight reported revenue of $31 million in its latest quarter, reflecting a decline of 20% year-over-year, and has not achieved operating profit or positive cash flow [3]. - The stock was trading at more than 15 times its price from early February, highlighting extreme volatility [2]. Stock Characteristics - Boxlight executed a reverse stock split to maintain its Nasdaq listing, which signals financial instability [4]. - The stock is categorized as a penny stock, leading to liquidity issues, increased volatility, and susceptibility to market manipulation [5]. Valuation Concerns - The current valuation of BOXL is difficult to justify, with a book value per share reported at negative $7.78, suggesting overbought conditions with a relative strength index (RSI) of 80 [6]. - The lack of institutional coverage, with only one Wall Street analyst monitoring the stock, raises concerns about its valuation and performance [5]. Market Sentiment - The recent price surge appears to be driven by hype rather than any solid business catalyst, making it more of an opportunity for selling rather than buying [4][6].

GameStop TodayGMEGameStop$26.04 +0.16 (+0.62%) 52-Week Range$19.48▼$35.81P/E Ratio35.67Price Target$13.50Add to WatchlistThe carnival has returned to GameStop Inc. NYSE: GME in 2025 as the stock regained its meme form. As usual, steep drawdowns followed outrageous rallies, and the stock ticker frequently trended on social media. But the peaks and valleys haven’t been as drastic, and the two significant uptrends this year seem to have diametric catalysts.Get GameStop alerts:What’s behind this sudden revival ...

Core Viewpoint - Tesla Inc is being labeled as a "meme stock" due to its high valuation compared to traditional automotive and technology companies, which has raised concerns among investment experts [1][3]. Valuation Comparison - Tesla's current price-to-earnings (PE) ratio is reported at 253.5x on a trailing twelve-month basis and 169.5x on a forward basis, significantly higher than its peers like Nvidia (around 25-30) and Apple (around 35-36) [4]. - The valuation of Tesla is considered "crazy" by experts, with comparisons made to Amazon's peak valuation, which was nowhere near Tesla's current levels [4]. Compensation Concerns - The new compensation package for CEO Elon Musk has been criticized as "foolish" and "reckless," potentially leading to issues for shareholders [4]. - Experts argue that no individual should be compensated at a level of $1 trillion, highlighting the risks associated with Musk's potential departure from Tesla [5].