Search results
- GameStop shares dropped nearly 20% after announcing plans to sell additional shares. The company warned it expects a first-quarter net loss of up to $37 million and a significant drop in sales.
www.cnbc.com › 2024/05/20 › cnbc-daily-open-dow-at-record-close-gamestop-shares-crash-
People also ask
What happened to GameStop shares?
Are GameStop shares trending down?
Is GameStop a WSB stock?
Why did GameStop & AMC stock jump a second day?
May 14, 2024 · GameStop jumped Tuesday to extend the meme stock rally started by the first online post from “ Roaring Kitty ” in three years, but enthusiasm seemed to cool as shares cut gains to end the...
- CNBC Daily Open: Dow at record close, GameStop shares crash
GameStop shares dropped nearly 20% after announcing plans to...
- Stocks making the biggest moves midday: GameStop, AMC ... - CNBC
Stocks making the biggest moves midday: GameStop, AMC,...
- CNBC Daily Open: Dow at record close, GameStop shares crash
- Why Is Everyone Talking About Gamestop?
- What Is Gamestop?
- How Did It End Up in The Middle of All this?
- What Is A Short Squeeze?
- How Does The Internet Fit in?
- So What If A Bunch of People Bought Gamestop Stock?
- What Happened Friday?
- Does This Matter to Ordinary Investors?
- How Will The Market Be Different After this?
- What's The Downside? Should I Be Worried About The Market as A whole?
The simplest answer is that its stock price has skyrocketed — by somewhere around 8,000 percent over six months. The more complex answer is that its stock has become the central game piece in a financial power struggle between a major hedge fund, Melvin Capital, and a group of amateur stock traders who yell on the internet. Mike Novogratz, an inves...
GameStop is a video game retailer. Like most stores that still sell products in person, it has had a hard time lately as video game sales have moved online and as the Covid-19 pandemic keeps people away from stores. It's still in business, but few people expect it to grow again.
Like many companies that are in rough shape, GameStop was the subject of what's called short selling, in which professional investors borrow shares of stock to sell and then buy back later so they can return them, which lets them pocket the profit if the stock price goes down. They're basically bets that the company will fail. GameStop was one of t...
For the most part, investors follow the "buy low, sell high" format when it comes to stocks. Short sellers do the opposite — they borrow and sell a stock when it's high and bet that it will continue to fall. If that doesn't happen and the stock price rises, short sellers are forced to cover their positions or buy more stocks — to minimize their los...
The internet has been used to prognosticate about stocks for decades, but there's never been anything quite like the Reddit community called r/wallstreetbets, also known as WSB. WSB takes something of an internet extremist's approach to investing. Its slogan is "Like 4chan found a Bloomberg Terminal," alluding to the fringe message board and the Bl...
This is where things get a little complicated and a bit more unclear. Shares in GameStop ticked up on Jan. 11 after it named three people to its board of directors as part of a deal with shareholders who had been agitating for change. That caused some short sellersto abandon their positions, helping to drive the stock up more in the following days....
CNBC data show that the volume of shares traded — a closely watched indicator of activity around the stock — spiked on Friday. Increased volume can indicate a short squeeze, meaning people who had bet against the stock either chose or were forced to give up and take losses. And while WSB had gotten some media attentionin recent days for its GameSto...
Yes. For one thing, the volume of trading has strained the computer infrastructure of online brokerages, including TD Ameritrade, which saidWednesday that its mobile app was handling unprecedented volumes. And at least on paper, ordinary investors are making money even if they're not paying attention. BlackRock, which operates mutual funds, may hav...
There is some belief that WSB signals the arrival of a powerful new force as large numbers of retail investors find influence by acting in concert or following one another into a big trade. That may serve as a check or balance on other large forces, such as hedge funds, which are used to throwing their weight around without ordinary investors affec...
That's a tough question. Right now, the speculation activity is only around a few companies, which isn't that uncommon. But the broader concern comes when what are known as retail investors — amateurs buying stocks for their own personal gain — become overly exuberant and inflate stock prices, sometimes by taking out loans to buy shares. And some s...
- 4 min
- David Ingram,Lucy Bayly
GameStop stock surges 18% in afterhours trading on offering program Investing.com • 2 days ago Is Most-Watched Stock GameStop Corp. (GME) Worth Betting on Now?
1. Dow slides 600 points, S&P 500 retreats from record even after Nvidia's blockbuster report. 2. Millennials are 'quiet vacationing' rather than asking their boss for PTO. 3. We're trying to make ...
Home GME • NYSE. GameStop Corp. Share. $19.00. After Hours: $21.45. (12.89%) +2.45. Closed: May 24, 7:59:59 PM GMT-4 · USD · NYSE · Disclaimer. 1D. 5D. 1M. 6M. YTD. 1Y. 5Y. MAX. search Compare...
