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
GameStop stock (GME) rose more than 60% on Tuesday, adding to a rally that sent shares of the video game retailer up 74% Monday. Monday’s move, in which the stock rose as much as 110% and was halted for volatility several times during the trading session, followed the reemergence of Keith Gill, also known as
GameStop stock (GME) rose as much as 118% in premarket trading Tuesday, adding to a rally that sent shares of the video game retailer up 74% Monday. Monday’s move, in which the stock rose as much as 110% and was halted for volatility several times during the trading session, followed the reemergence of Keith Gill,
The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of thee quirky and volatile shares sharply higher Monday. Keith Gill, better known as “Roaring Kitty,” posted an image Sunday on the social platform X of a man sitting forward in his
It’s the meme that launched a thousand trades. Shares in GameStop Corp and related meme coins surged on Monday morning after retail trader Keith Gill—a.k.a. the “TheRoaringKitty”—hinted at his return to trading, by sharing a meme on X. Gill—also known as “DeepF***ingValue” on Reddit—is credited with sparking the GameStop rally of 2021, where shares in the
Meme stocks are making a resurgence as the broader stock market ends the first quarter on a strong note. Though the meme stock frenzy hasn’t quite reached the same intensity as it did in 2021, when GameStop (GME) and AMC (AMC) stocks catapulted to new heights, the meme phenomenon has continued in a concentrated handful
By Priyanka G and Harshita Mary Varghese (Reuters) -Videogame retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms and weak consumer spending in an uncertain economy. Shares of the Grapevine, Texas-based company tumbled 16% in extended trade.
Moyo Studio / iStock.com Why do people still put their money into the riskiest parts of the market? Stories of modest investments turning into multimillion-dollar windfalls draw thrill-seekers and hungry investors like moths to a flame. However, chasing after gains like these is dangerous — for every story of someone who made it big, there
Published 1 minute earlier on GameStop has announced the closure of its NFT marketplace. In a statement posted to the site, the company cites “the continuing regulatory uncertainty of the crypto space” as the reason behind the closure. The marketplace officially launched on Halloween of 2022, focusing on gaming assets in partnership with ImmutableX, an