GameStop GME, -2.35% might be the unshortable stock. Shares in the Texas-based videogame retailer dropped by more than 10% at the open Monday after the company announced it has the option to sell up to 3.5 million shares of its common stock in the near future. But as has been …
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GameStop Corp. shares sank further in the extended session Monday following the stock’s retreat from a record weekly gain, after one noted analyst said more than half of the short positions on the stock had been eliminated. GameStop GME, -30.77% shares fell as much as 35% in Monday trading, and …
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There has been nothing like this GameStop GME, +67.87% saga in recent memory. It’s still early days. But already we can work out some of the groups who are likely to emerge as losers when the dust settles. At least if history is any guide — which, alas, it usually …
Read More » Short squeezes will remain a big story in the financial-news media until heavily shorted stocks that have been pushed up by individual investors connected through social media come crashing back to earth. The biggest “winners” during this craze have been GameStop, up 1,745% for 2021 through Jan. 27, and AMC …
Read More » GameStop Corp.’s stock movement continued to turn efficient market theory on its head Wednesday, streaking to a record that valued the retail chain at more than $ 24 billion. GameStop GME, +134.84% shares rose as much as 157% to an intraday high of $ 380 Wednesday and closed up 135% …
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CNBC’s Jim Cramer, citing a famous quote from Alexander Haig, recently told his co-host David Faber that Reddit, not Citigroup C, +0.28%, was “in control.” He then used a “Rock, Paper, Scissors” metaphor to hammer home his point. “Citi’s paper, OK? Reddit’s scissors,” Cramer said. Cramer and Faber were discussing …
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