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The YouTube streamer known as Roaring Kitty, who helped drive a surge of interest in GameStop Corp , will testify before a House panel on Thursday alongside top hedge fund managers. The House Financial Services Committee is examining how a flood of retail trading drove GameStop and other shares to extreme highs, squeezing hedge funds … Read more
GameStop shares JUMP 20% in a day but remain far below their peak after punishing week of selloffs GameStop stock jumped 19.6 percent to $63.77 at the closing bell on Friday It was still far below the high of $483 it reached last week Robinhood’s move Friday to lift trading restrictions may have spurred the … Read more
Shares of Reddit favorite GameStop Corp plummeted a further 42 percent on Thursday after selling off sharply all week. It closed at $53.50 a share – a massive drop from their peak at around $483 last week – and continued to fall a further 6 percent after hours. Gamestop shares have already fallen by 84 … Read more
Shares of Reddit favorite GameStop Corp plummeted a further 42 percent on Thursday after selling off sharply all week. It closed at $53.50 a share – a massive drop from their peak at around $483 last week – and continued to fall a further 6 percent after hours. Gamestop shares have already fallen by 84 … Read more
The company behind the trading app Robinhood is facing more than 30 civil lawsuits from its users in relation to restrictions it imposed temporarily limiting purchases of certain stocks last week. Several groups of the app’s users have filed separate lawsuits against Robinhood Markets Inc. in federal courts, including in California, New Jersey, Texas and Florida. … Read more
Small investors are nursing their wounds after the collapse of the ‘meme stock’ bubble caught them on the wrong side of the trade, with high-flying GameStop shares plunging 72 percent from Monday morning to Tuesday night. GameStop shares rallied 20 percent at the opening bell on Wednesday as the company announced a new chief technology … Read more
Day of reckoning for the Reddit brigade: Gamestop shares plunge and silver slammed into reverse as rebel investors run out of puff By Mark Shapland For The Daily Mail Published: 22:56 GMT, 2 February 2021 | Updated: 22:56 GMT, 2 February 2021 Shares in Gamestop plunged and silver slammed into reverse as rebellious retail investors … Read more
Noah Centineo ‘starring in upcoming Netflix film chronicling the Reddit fueled GameStop stock rise frenzy’ By Christine Rendon For Dailymail.com Published: 21:27 GMT, 1 February 2021 | Updated: 21:27 GMT, 1 February 2021 Noah Centineo will have a ‘major role’ in an upcoming Netflix film chronicling the epic Reddit-fueled rise of GameStop stock. Netflix is … Read more
The biggest stock market story so far this year is without a doubt the GameStop saga, which saw a struggling US video game retailer’s share price rocket by almost 1,600 per cent. A battle ensued between short-selling hedge fund managers and a community of traders on Reddit, which drove GameStop shares up from $20 in … Read more
The CEO of Robinhood has revealed that the NSCC demanded a $3 billion security at 3am in the morning during dramatic negotiations before the company stopped GameStop trades. Speaking during a virtual event hosted by Tesla CEO Elon Musk, Vladimir Tenev offered an explanation behind his company’s decision to Thursday to restrict the purchase of GameStop shares … Read more