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Here's why. GameStop stock (GME) rose nearly 60% on Tuesday, adding to a meme-fueled rally that sent shares of the video game retailer up 74% in the prior session. The rise in GameStop was also ...
May 28, 2024 at 4:25 PM. GameStop stock (GME) surged 25% on Tuesday after the video game retailer said it raised almost $1 billion from its latest equity offering. The stock action reflects ...
Tuchman knows a thing or two about spotting trouble in the eyes of market risk-takers. He boasts more than 40 years of trading experience, mostly for clients down on the once-buzzing floor, and ...
The shares of GME Resources, an Australian mining company with Australian Securities Exchange (ASX) symbol GME, increased more than 50 percent during intraday trading, closing with a 13.3-percent increase on January 28. This was speculated to have been due to a joke or mistake, as the ASX symbol was the same as GameStop's NYSE ticker symbol (GME).
Meme stock. A meme stock is a stock that gains popularity among retail investors through social media. [1][2][3] The popularity of meme stocks is generally based on internet memes shared among traders, [4] on platforms such as Reddit 's r/wallstreetbets. [5] Investors in such stocks are often young and inexperienced investors. [6]
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. [1] The company is headquartered in Grapevine, Texas (a suburb of Dallas), and is the largest video game retailer worldwide. [2]
Short interest on GameStop sits at around 24% of the float, according to S3 Partners data. "Including today's losses, GME shorts are now down -$1.34 billion in May month-to-date losses, and now ...
"The flurry of activity around GME today is normal, even if it calls back to prior market silliness." Capital Economics chief markets economist John Higgins agreed this doesn't look like the prior ...
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