Chewy (CHWY) stock rose as much as 30% on Thursday after the X account linked to investor Keith Gill, also known as “Roaring Kitty,” posted a picture of a dog. Posts on Gill’s account have been driving up shares of GameStop (GME) over the past month. While that meme trade had largely gone quiet over
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Sometimes there is no middle ground in the cutthroat world of business. You are either a winner. Or you are a loser. A winner wins because they are doing something better than everyone
GameStop remains a hot property among retail investors eager to snap up the “meme stock,” but its financial results continue to cool. The video game seller on Friday reported a loss of $32.3 million on revenue of $882 million in its fiscal first quarter, with declining sales of hardware, software and collectibles. That compared with
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Since becoming a parent, one of the simplest ways to describe the experience is that so many things happen all the time. Which is kind of what the stock market feels like right
GameStop (GME) stock has reignited a frenzy on Wall Street on the very first trading day of June, as the notorious meme trader “Roaring Kitty” took to social media revealing a $175 million position in the company. The legitimacy of Roaring Kitty’s — the online username of meme investor Keith Gill — investment portfolio has
A technical glitch on the New York Stock Exchange (NYSE) early Monday resulted in multiple incorrect stock prices and volatility halts. Yahoo Finance’s Ines Ferré reports:The glitch impacted several stocks, most notably a 99.9% drop in the price of Warren Buffett’s Berkshire Hathaway (BRK-A) A-shares. Berkshire Hathaway (BRK-B) B-shares, which trade at 1/1,500th the price
(Bloomberg) — Bitcoin briefly topped $70,000, with crypto investment products seeing inflows for the fourth consecutive week and the latest GameStop frenzy driving memecoin speculation. Most Read from Bloomberg Crypto asset inflows totaled $185 million in the week through May 31, according to CoinShares International Ltd. Investors in May in have sent $2 billion into
GameStop (GME) stock surged on Monday after user “DeepF***ingValue” on Reddit, an account believed to be tied to individual investor Keith Gill — who ignited the meme stock rally back in 2021 — posted a screenshot on Reddit late Sunday that purported to show they’d built a nearly $175 million position in the video game
As May’s meme stock trade loses steam, could GameStop (GME) follow a similar fate to meme kinsman Bed Bath & Beyond? After being acquired by Overstock.com in 2023, the company was rebranded as Beyond (BYON). Wedbush Equity Research Managing Director Michael Pachter comments on what sets the video game store chain apart from a traditional
GameStop stock (GME) tanked more than 25% Wednesday as a rally among meme names showed signs of fading. Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained more than 180% in the prior two sessions. AMC stock (AMC) also fell more than 25% Wednesday after the theater chain