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Why Is GameStop (GME) Stock Up 131% Today?
InvestorPlace· 2024-05-14 20:02
GameStop (NYSE:GME) stock is rocketing higher on Tuesday as the video game retailer’s shares are still rallying on the return of Roaring Kitty.Roaring Kitty is the investor behind the GME stock rally of 2021. That spread to other companies, creating a massive meme stock rally that year. However, the investor went radio silent back in 2021.Over the weekend, Roaring Kitty returned to social media with a post on X. That sent shares of GME and other meme stocks higher on Monday. This movement continues today as ...
Is GameStop's 80% Rally a Sign of Small Caps Returning?
MarketBeat· 2024-05-14 20:00
Key PointsGameStop is looking to make a comeback after Twitter (now X) user "Roaring Kitty" boosted the company's future online.Sticking to the fundamentals, this 80% rally could be short-lived, as analysts see just as much downside from today.There are other better ways to play this "risk on" attitude given by markets.5 stocks we like better than CleanSparkThe meme stock mania could be back underway, as shares of GameStop Corp. NYSE: GME have been halted after rallying by as much as 80% on Monday’s trading ...
A 250% gain in GameStop stock within days is ‘frankly stupid'
Invezz· 2024-05-14 19:32
股价表现 - GameStop股价在周二盘前交易中上涨50% 因散户投资者持续涌入该视频游戏零售商股票 [1] - 该股较年内低点累计上涨约250% [2] - 今日盘中涨幅超过70% 导致做空者按市值计损失约10亿美元 [5] 市场观点分歧 - Smead资本管理公司CEO认为此次上涨缺乏基本面支撑 将其类比为赌博行为 [2] - Wedbush证券分析师Michael Pachter给出5美元目标价 隐含较当前价位90%下跌空间 [5] 事件驱动因素 - 关键人物"Roaring Kitty"(Keith Gill)三年来首次在X平台发帖 重新点燃模因股热潮 [3][5] - 该人物曾在2021年通过Reddit引发GameStop大规模轧空行情 [5] 公司基本面 - 最新季度营收同比下降20% [5] - 第四季度每股收益0.21美元 大幅低于市场预期 [5]
‘Frankly stupid': Fund manager weighs in on reignited meme stock frenzy as GameStop soars
CNBC· 2024-05-14 18:15
Fund manager Cole Smead has described the meme stock craze as "frankly stupid," as day traders once again pile into GameStop and AMC."It is gambling," he said Tuesday on CNBC's "Street Signs Europe." Smead is the CEO of Smead Capital Management which has around $6 billion of assets under management. "You've got to remember these are young people, these are forty-year-old people like me, who are going out and doing stuff that is just frankly stupid," he added. Brick-and-mortar video game retailer GameStop sa ...
Analysts revise GameStop stock price target amid short squeeze
Finbold· 2024-05-14 16:39
In what looks like a scenario from three years ago, GameStop (NYSE: GME) stock continues its surge, adding well over 70% in just one trading day, with gains of 30% extending in the pre-market, effectively doubling GME shares worth with $40 valuation.GME stock 30-day price chart. Source: FinboldAdding to the frenzy, Keith Gill, also known as Roaring Kitty, has emerged from a three-year hiatus on the X network. His series of cryptic posts have further stoked the hype around GME shares, with Andrew Tate advoca ...
GME Stock Short Sellers Have Already Lost $1 Billion Today as GameStop Soars
InvestorPlace· 2024-05-14 02:55
Meme stock mania appears to be far from dead. During the last incredible short squeeze cycle, which saw GameStop (NYSE:GME) surge to incredible levels, many retail investors made a killing. Today, GameStop appears to once again be in focus, with GME stock surging more than 75% in early afternoon trading on some interesting news.GameStock is up on news that Keith Kill, also known as “Roaring Kitty” on his Reddit (NYSE:RDDT) account, has made his first online post in almost three years. This move has also sen ...
GameStop Stock Is Proof the Fed Must Raise Rates Again
InvestorPlace· 2024-05-14 02:51
I’m not a GameStop (NYSE:GME) hater. In fact, I have never traded the stock, nor do I have any intention to. But when I see the market’s reaction to “the return of Roaring Kitty,” I can’t help but think that the Federal Reserve isn’t done raising rates. That liquidity is still too ample. This is not an efficient market. This is not some game. I said before we are going back in time to 2021, and the last time we saw this type of silliness, it was the top for most stocks.Meme stock mania marked the top for mo ...
Direxion Retail Bull ETF Rallies As GameStop Traders Look For Diversification To Play The Stock's Surge - Direxion Daily Retail Bull 3X Shares ETF (ARCA:RETL)
Benzinga· 2024-05-14 01:03
Direxion Daily Retail Bull 3X Shares RETL was surging about 10% on Monday, partly driven by massive bullish momentum in GameStop Corporation GME stock –the latter which was skyrocketing about 65% after Keith Gill resurfaced on social media.Traders and investors may be choosing to take a position in RETL, which holds a 1.2% weighting of GameStop, as well as multiple other retail stocks, to take advantage of GameStop’s upward trajectory but with diversification.RETL is a triple-leveraged fund that is designed ...
GameStop mentions surge on Reddit, surpassing Nvidia
CNBC· 2024-05-14 00:10
Mentions of the video game retailer on the Reddit forum topped 900 for the last seven days as of late Monday morning, according to market research platform Quiver Quantitative. With Monday's boost, the stock surpassed artificial intelligence darling Nvidia to become the second-most referenced equity in that period — behind just the SPDR S&P 500 ETF Trust (SPY) , a popular fund tracking the benchmark S&P 500 index.GameStop has once again become on a hot topic on Reddit's famed WallStreetBets page Monday afte ...
GameStop suspended as jump signals return of meme stock craze - analyst
Proactive Investors· 2024-05-14 00:06
公司背景与团队 - 内容发布商Proactive是一家独立的全球性金融新闻与在线广播提供商 其新闻团队由经验丰富的新闻记者组成 内容生产独立进行 [1] - 公司新闻团队覆盖全球主要金融与投资中心 在伦敦、纽约、多伦多、温哥华、悉尼和珀斯设有办事处和演播室 [1] - 公司专注于中小型市值公司市场 同时也覆盖蓝筹股公司、大宗商品及更广泛投资领域的内容 旨在吸引和激励活跃的个人投资者 [2] 内容覆盖领域 - 报道领域广泛 包括但不限于生物技术与制药、采矿与自然资源、电池金属、石油与天然气、加密货币以及新兴的数字和电动汽车技术 [2] - 记者报道范围涵盖多个领域 包括全球危机时期的能源公司、疫情后复苏的航空与航空公司 以及经济、社会和治理问题 [1] 内容生产与技术应用 - 公司内容创作者拥有数十年的宝贵专业知识和经验 [2] - 公司采用前瞻性技术 其人类内容团队会使用技术来辅助和增强工作流程 [2] - 公司偶尔会使用自动化和软件工具 包括生成式人工智能 但所有发布的内容均经过人工编辑和撰写 遵循内容生产和搜索引擎优化的最佳实践 [2]