GameStop

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As Stock Surges, AMC Offers Investors Free Popcorn
AMC Embraces 'Meme Stock'
Status—With Free Popcorn
THE RUNDOWN

AMC Embraces 'Meme Stock' Status—With Free Popcorn

'Investor Connect' program offers them free popcorn

(Newser) - Four months after GameStop's wild ride rocked Wall Street , so-called "meme stocks" are making waves again—especially AMC Entertainment. The movie theater company's share price almost doubled Wednesday, closing at a record high for the first time since 2015, and it is up 417.8% since May...

Tech Stocks Take a Beating on Wall Street
GameStop Just Lost
a Third of Its Value
MARKETS

GameStop Just Lost a Third of Its Value

Tech stocks took a beating Wednesday

(Newser) - Stocks gave up an early gain and wound up broadly lower on Wall Street, led by declines in tech heavyweights like Facebook and Apple. The S&P 500 gave up 0.5% Wednesday, its second loss in a row, while the tech-heavy Nasdaq dropped 2%. Bond yields mostly fell after...

Redditors Who Bought GameStop Pick Next Investment

It's gorillas, for a reason

(Newser) - The WallStreetBets Reddit group has landed on its next investment: gorillas. Yes, really. The redditors who sent shares of GameStop (GME) soaring in January go by the nickname "apes," and on Saturday, one of those apes posted the following: "Adopted a gorilla." He did so in...

GameStop's Roller Coaster Ride Has Started Again

Retailer's stock price suddenly doubled Wednesday

(Newser) - After frenzied trading last month brought GameStop shares from as low as $17 to as high as $483, it eventually stabilized in the $40 to $50 range—until Wednesday, when huge swings resumed. The retailer's share price more than doubled in a sudden burst of trading Wednesday afternoon and...

GameStop Shares Just Collapsed 60%
GameStop, AMC Shares Plunge
MARKETS

GameStop, AMC Shares Plunge

Broader market rose, with Dow up 475 points

(Newser) - Stocks closed broadly higher on Wall Street Tuesday, adding to the market’s gains from a day earlier with solid contributions from Big Tech companies, banks, and other sectors. GameStop plunged 60% in the latest wild swing for the stock and several others that have become caught up in a...

Hollywood Couldn't Wait on GameStop. Neither Could Netflix

Both streaming platform, MGM are said to be working on movies about Wall Street saga

(Newser) - GameStop: the Musical? Not quite (or at least, not yet), but there are now two movies said to be in the works. Late last week, MGM scooped up the rights to a book proposal about what Deadline calls "one of the craziest weeks in Wall Street history." That...

With Restrictions in Place, GameStop Sinks 30%
With Trading Limited,
GameStop Drops Sharply
MARKETS

With Trading Limited, GameStop Drops Sharply

Wall Street recovers from last week's losses

(Newser) - Stocks closed higher on Wall Street Monday, recovering some of the ground they lost last week in their biggest weekly drop since October. Investors large and small continued to focus on GameStop and other stocks targeted by online traders hoping to inflict damage on hedge funds, the AP reports. The...

Price of Silver Surges as Rebel Traders Zero In

Reddit forum helps send prices higher, as with GameStop

(Newser) - The same group of traders who sent prices of GameStop soaring last week is now pulling a similar move with silver, reports CNN . Silver futures rose 11% Monday to about $30 an ounce, which the AP reports is an eight-year high. Meanwhile, the phrase "#silversqueeze" was trending, a reference...

Musk to Robinhood CEO: 'Anyone Holding You Hostage?'

Tesla CEO grills Vladimir Tenev on how and why GameStop trading was halted last week

(Newser) - With trading app Robinhood now in the spotlight after it temporarily halted trading last week amid the GameStop hubbub , Elon Musk decided to get some answers straight from the source. Late Sunday , the Tesla and SpaceX CEO, who'd already started instigating on the topic last week, spoke to Robinhood...

Meet the Man Behind the GameStop Frenzy
Meet the Man Behind
the GameStop Frenzy
THE RUNDOWN

Meet the Man Behind the GameStop Frenzy

Keith Gill had aspired to be a professional runner

(Newser) - Before becoming “the internet’s most disruptive trader,” the Wall Street Journal reports, Keith Gill was an accomplished college athlete who set his sights on becoming a professional runner. “When he puts his mind to something, he can be very focused,” his mother, Elaine Gill, tells...

'SNL' Takes Aim at Marjorie Taylor Greene
SNL Mocks QAnon
Congresswoman

SNL Mocks QAnon Congresswoman

Marjorie Taylor Greene got the Saturday Night Live treatment

(Newser) - Congresswoman Marjorie Taylor Greene got the Saturday Night Live treatment in the show's first cold open of 2021. The newly elected Georgia Republican, whose support of fringe conspiracies has placed her among the most controversial members of the new Congress, was played by Cecily Strong and saw her on...

GameStop Frenzy Pays Off for 10-Year-Old

He got shares for $60, sold them for $3,200

(Newser) - A 10-year-old San Antonio boy made a killing by selling GameStop stock he was gifted more than a year ago, the AP reports. Jaydyn Carr's mother, Nina, spent $60 for 10 shares of the video game chain's stock in December of 2019 that she gave him for Kwanzaa...

GameStop Soars, but Rest of Wall Street Is Slammed

Dow falls more than 600 points

(Newser) - GameStop’s stock was back to the races Friday, but worries were growing about how much damage the frenzy over a handful of companies by Main Street investors will do to Wall Street overall, per the AP . The Dow fell 622 points, or 2%, to 29,982; the S&P...

GameStop's Wild Ride Resumes After Restrictions Eased
GameStop's
Wild Ride Resumes
After Restrictions Eased
THE RUNDOWN

GameStop's Wild Ride Resumes After Restrictions Eased

Robinhood is being sued over Thursday halt

(Newser) - GameStop's wild ride isn't over yet. The Robinhood online brokerage, which caused an outcry Thursday by halting buying of GameStop, AMC Entertainment, and other stocks targeted by Reddit users, loosened restrictions early Friday. All 13 stocks in question soared in premarket trading, the Wall Street Journal reports. GameStop...

GameStop Drama Spurs Stewart to Join Twitter

'We've learned nothing from 2008'

(Newser) - Jon Stewart never took to Twitter to share his thoughts on Donald Trump's presidency, but the GameStop drama managed to draw him in. The former Daily Show host joined Twitter Thursday to defend the small investors wreaking havoc with hedge funds after trading restrictions were brought in, Fox News...

Hedge Funds Take Huge Losses From GameStop Rise
Hedge Funds Take
Huge Losses From
GameStop Rise 
THE RUNDOWN

Hedge Funds Take Huge Losses From GameStop Rise

White House is 'monitoring the situtation'

(Newser) - Two major players have admitted defeat in the "David and Goliath" battle over GameStop's share price—but other Goliaths have made a fortune. The stock surged to a new high of $347.51 at the close of trading Wednesday, up almost 135% for the day, making a profit...

Elon Musk Adds Fuel to the GameStop Fire

He simply tweeted 'Gamestonk!!'

(Newser) - It's "a head-scratching David and Goliath story," as the AP puts it, and Elon Musk on Tuesday lobbed a rock in the giant's direction. Musk tweeted a single word, "Gamestonk!!"—and it was enough to send GameStop's share price temporarily over the...

Dueling Investors Take GameStop on a Wild Ride
GameStop's Stock Price
Just Went on a Wild Ride
MARKETS

GameStop's Stock Price Just Went on a Wild Ride

Small investors are taking on short-sellers

(Newser) - Wall Street ended a choppy day with mixed results Monday as the market struggled to find direction. Apple and other Big Tech stocks lurched higher, then lower, then back up again. Several of them report their latest quarterly results this week. The S&P 500 climbed 0.4%, even though...

The Latest Business to Dub Itself 'Essential:' GameStop

The video game retailer sells keyboards and mice that could help people telecommute, you see

(Newser) - In these times of trouble, when some states have ordered our institutions of education, religion, and culture shuttered, and all but the most essential of businesses closed, it's comforting to know that GameStop is keeping the lights on. Wait, GameStop? Correct, gentle reader: The video game retailer is claiming,...

GameStop Jumps After Famed Investor Shows Faith

Shares rise as much as 20% after interview

(Newser) - GameStop has been having a brutal year. The video game retailer has lost roughly 70% of its value—but all it took was a little faith from a famous investor to send stock back up. When Barrons reported Wednesday that Michael Burry is going long on the company, shares jumped...

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