GameStop shares continue rally amid meme stock resurgence
7 months, 1 week ago

GameStop shares continue rally amid meme stock resurgence

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy GameStop shares soared on Tuesday as the meme stock trading craze of 2021 showed signs of returning to markets three years on. The rally was in defiance of several Wall Street hedge funds and major institutional investors, which had shorted the stock amid GameStop’s financial struggles at the time. Mr Gill’s return this week has sent GameStop shares up more than 200% in less than two days, prompting speculation among analysts that a new meme stock craze could be here. “Time will tell whether the latest uptick in GameStop’s stock price becomes the latest in a string of flash-in-the-pan moments the firm has experienced over the years.” GameStop shares were up more than 240% for the past five days on Tuesday afternoon.

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History of this topic

Roaring Kitty reveals stake in Chewy big enough to make him third largest investor in the pet retailer
5 months, 3 weeks ago

Roaring Kitty reveals stake in Chewy big enough to make him third largest investor in the pet retailer

Associated Press  

NEW YORK — Shares of Chewy fell Monday in volatile trading after a regulatory filing revealed that Roaring Kitty, an investor at the center of the meme stock craze, has taken a 6.6% stake in the online pet retailer. Roaring Kitty, whose legal name is Keith Gill, bought more than 9 million shares of Chewy last week, the Securities and …

Meme stocks are roaring again. Yes, again
7 months, 1 week ago

Meme stocks are roaring again. Yes, again

Associated Press  

NEW YORK — Meme stocks are shaking Wall Street once again Monday. Gill has become a hero online, known for continually professing how much he liked GameStop’s stock as it charged to heights in 2021 that professional investors saw as irrational. Late Sunday, an account on Reddit with the handle Deep F- - - - - - Value shared a …

Explainer: Why are meme stocks on Wall Street rallying again?
7 months, 1 week ago

Explainer: Why are meme stocks on Wall Street rallying again?

Live Mint  

GameStop and AMC Entertainment have again captured retail investors' attention, reminiscent of "the meme stock frenzy" that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally "Roaring Kitty". Here is what you need to know about the recent surge in meme stocks: Roaring Kitty and his sketch Keith Gill, popularly known among …

GameStop stock climbs to 74% after Roaring Kitty returns with meme stock. Here's what happened
7 months, 1 week ago

GameStop stock climbs to 74% after Roaring Kitty returns with meme stock. Here's what happened

Hindustan Times  

The meme stocks are back and on the way to attaining high growth. Shares of the video game retailer GameStop suddenly reached a million-dollar high Monday because of a mysterious social media post. Roaring Kitty's tweet resurrects GameStop mania, shares hit new highs Roaring Kitty, a Redditor, started GameStop’s huge meme stock short squeeze in 2021, posted on X after …

GameStop rallies, trading halts after Roaring Kitty tweets.
54 years, 11 months ago

GameStop rallies, trading halts after Roaring Kitty tweets.

Slate  

A short story: At 8 p.m. Eastern time on Sunday, a man named Keith Gill sent his first tweet since June 2021. When Gill pressed send, stock in GameStop Corp., the video game retailer, immediately shot up in after-hours trading, and by Monday’s open, it was $26.34, a nice 51 percent jump from Friday’s close at $17.46. “Keith Gill gets …

Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it’s 2021
7 months, 1 week ago

Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it’s 2021

Associated Press  

The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the 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 chair, a meme used by …

Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and Tupperware
1 year, 4 months ago

Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and Tupperware

Associated Press  

NEW YORK — A new class of meme stocks has sprung up during the stock market’s surprise recent rally, raising concerns about investors’ willingness to take on bigger risks amid a still uncertain economy. Meme stocks are typically weak companies on the verge of failing, but that still manage to garner attention from individual investors willing to take on risky …

GameStop leads meme stock rally in pandemic trade comeback
1 year, 9 months ago

GameStop leads meme stock rally in pandemic trade comeback

Associated Press  

Meme stocks jumped Wednesday after GameStop, one of the most heavily traded off-brand stocks during the pandemic, posted a surprise profit for the fourth quarter, its first quarterly profit in two years. GameStop ended Wednesday up 35% but most of the other meme stocks could not hold on to their early gains and finished the day in the red. Similar …

A year on, GameStop champion Roaring Kitty is quiet -- yet much richer
2 years, 10 months ago

A year on, GameStop champion Roaring Kitty is quiet -- yet much richer

The Hindu  

A year ago, office worker Keith Gill shot to global notoriety when his "Roaring Kitty" YouTube persona stoked a trading frenzy with bullish bets that propelled shares of retailer GameStop to eye-popping gains and saddled hedge funds that had bet against the stock with billions of dollars in losses. Gill has returned to obscurity: albeit much richer thanks to his …

GameStop mania severely tested market system, regulator says
3 years, 2 months ago

GameStop mania severely tested market system, regulator says

Associated Press  

NEW YORK — The U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. As GameStop’s stock shot from $39 to $347 in just a week, some of the stock market’s plumbing began creaking, but the report indicated the market’s basic systems …

The Stock Market Is Still Weird From GameStop
54 years, 11 months ago

The Stock Market Is Still Weird From GameStop

Slate  

A few weeks into 2021, the share price of a flagging brick-and-mortar video game chain exploded, creating the wildest stock market story in years. The story has been a lot to digest for anyone who previously thought stock market moves came down to cold, hard business fundamentals, as well as anyone who looked at storefront video game stores and movie …

Bruised but unbowed, meme stock investors are back for more
3 years, 6 months ago

Bruised but unbowed, meme stock investors are back for more

Associated Press  

NEW YORK — After feeling the thrill of victory early this year by singlehandedly causing GameStop’s stock to soar — only to get crushed when it quickly crashed back to earth — armies of smaller-pocketed and novice investors are back for more. “They’ll do surprising things if given the tools,” said Hossein Azari, CEO of cmorq, a company that helps …

GameStop gearing up to name Cohen as its chairman
3 years, 6 months ago

GameStop gearing up to name Cohen as its chairman

Associated Press  

Meme stock GameStop is gearing up to name Ryan Cohen as its chairman on Wednesday when the video game retailer holds its annual shareholders meeting. GameStop added Cohen and two of his former Chewy colleagues to its board in mid-January, after Cohen had pressed the retailer to focus on its online operations. GameStop was the face of the meme stock …

AMC and the rise of money-hungry meme stocks
3 years, 6 months ago

AMC and the rise of money-hungry meme stocks

Al Jazeera  

Share sales that target small retail investors are gaining popularity as companies seek to cash in on rallies spurred by Reddit-fuelled day traders. Share sales that target retail traders are reaching new heights of popularity with the rise of money-hungry meme stocks like AMC Entertainment Holdings Inc. AMC slumped as much as 40% on Thursday after announcing plans for another …

GameStop stock is surging again: Shares close up more than 100%
3 years, 10 months ago

GameStop stock is surging again: Shares close up more than 100%

CNN  

New York CNN Business — GameStop shares climbed rapidly and were halted twice for volatility ahead of the closing bell Wednesday. The surge comes about a month after a wild GameStop trading frenzy caused its stock to jump around 1,600% in a matter of days, though it quickly fell from highs around $350. The jump in GameStop also comes a …

“Mr. Kitty” goes virtually to Washington over GameStop saga
3 years, 10 months ago

“Mr. Kitty” goes virtually to Washington over GameStop saga

Associated Press  

The social media movement that made a beloved icon of GameStop enthusiast Keith Gill continued to rally behind the YouTube personality known as Roaring Kitty as he testified to Congress on Thursday about his role in last month’s stock market frenzy. “Today, the world shall know his name,” cheered one online fan on the social media website Reddit, superimposing a …

GameStop stock news: Latest market updates as Congress schedules hearings
3 years, 10 months ago

GameStop stock news: Latest market updates as Congress schedules hearings

The Independent  

✕ Close Hedge funds, Gamestop, Reddit investors explained The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. …

GameStop shares surge 40% before dropping sharply as Reddit-fuelled rollercoaster continues
3 years, 10 months ago

GameStop shares surge 40% before dropping sharply as Reddit-fuelled rollercoaster continues

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy GameStop shares surged a further …

What is GameStop? All you need to know about Reddit-driven stock market play
3 years, 10 months ago

What is GameStop? All you need to know about Reddit-driven stock market play

Hindustan Times  

What is GameStop and why is it trending? Photographer: David Paul Morris/Bloomberg GameStop is an American video game and gaming merchandise consumer retailer, which was hit hard by the pandemic as the company heavily relies on the physical retail space. This surprising rise in the stocks of a video game retailing company comes as amateur traders on the internet are …

GameStop Memes Surge on Internet as Freakish Stock Rise by Reddit Baffles Wall Street
3 years, 10 months ago

GameStop Memes Surge on Internet as Freakish Stock Rise by Reddit Baffles Wall Street

News 18  

A lot of drama has unfolded on the Internet lately after Reddit’s subreddit r/WallStreetBets propelled a meteoric surge in American videogame company GameStop’s shares soaring over 400% this week, after aggressive touting of GameStop’s stock by several of its members. I’m too sexy to understand how the stock market works— gaming disorder pawg January 27, 2021 Gamestop unveils their new …

Elon Musk tweet nearly doubles the share price of this company in a day
3 years, 10 months ago

Elon Musk tweet nearly doubles the share price of this company in a day

Live Mint  

The skyward march in GameStop Corp. accelerated Tuesday, its stock nearly doubling during exchange hours and then surging another 50% after being name checked in a tweet by Elon Musk. Thanks to the gain, GameStop is now worth more than 10% of S&P 500 stocks including American Airlines Group Inc., Under Armour Inc. and Invesco Ltd. Euphoria born in day-trader …

A Fight Over GameStop’s Soaring Stock Turns Ugly
54 years, 11 months ago

A Fight Over GameStop’s Soaring Stock Turns Ugly

Wired  

Today, a war over the value of video game retailer GameStop’s stock has caused what market guru Jim Cramer called “the squeeze of a lifetime.” Howling with glee along the way, traders on the chaotic and obscene subreddit WallStreetBets helped push GameStop’s stock price up from $20 on January 11 to $73 after traditional analysts deemed the stock a clunker. …

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