Commodity Channel Index
|Bid||0.00 x 1200|
|Ask||0.00 x 1000|
|Day's Range||23.06 - 23.71|
|52 Week Range||15.41 - 47.99|
|Beta (5Y Monthly)||-0.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 30, 2023 - Jun 05, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 14, 2019|
|1y Target Est||13.25|
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Make no mistake, Nvidia has captured the imagination of Wall Street.
Apparently, a highly respected investor has lost faith in video game retailer GameStop (NYSE:GME). Or at least, his firm divested its position in GME stock. Whether you also intend to give up on GameStop is entirely up to you. However, even though GameStop isn’t perfect, the company is demonstrating improvement, and investors don’t have to just bail on the stock. It’s fine if you don’t want to get involved with meme stocks. Yet, GameStop isn’t only a short-squeeze target for social-media users.
Best Buy (BBY) delivered earnings and revenue surprises of 2.68% and 0.58%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
In the latest trading session, GameStop (GME) closed at $23.27, marking a +0.47% move from the previous day.
When an army of online traders decided in 2021 to take on Wall Street hedge funds that had shorted US video game retailer GameStop, a man in Manila was monitoring the mayhem that followed: Philippine Stock Exchange chief executive Ramon Monzon. Monzon is pushing to launch short selling in the Philippine stock market to attract foreign money, but local regulators have raised several concerns, including fears of the wild price swings that were seen during the GameStop frenzy. “They [the Philippines Securities and Exchange Commission] were worried it would end up becoming like GameStop,” Monzon recalled during a recent interview with Nikkei Asia.
Here is how GameStop (GME) and MercadoLibre (MELI) have performed compared to their sector so far this year.
The practice of short selling is highly controversial and under renewed threat from regulators and politicians who are considering a ban on the practice. Short selling is essentially when traders and investors bet that a stock’s price is going to decline over a certain period of time. These are generally companies that are widely-considered to be stocks to sell, with hedge fund bets against such stocks fueling outsized declines (increasing profits simultaneously). Many people criticize short sel
GameStop (GME) closed the most recent trading day at $23.05, moving +0.79% from the previous trading session.
YouTube Host Matt Kohrs joins Yahoo Finance Live to discuss economic headwinds, the debt ceiling, the recession, the retail mindset, the banking crisis, meme stocks, and individual investing opportunities on Robinhood.
There are reasons to believe that video game retailer GameStop (NYSE:GME) will be out of business within the next few years. However, as a contrarian, I expect the GME stock price to head higher by 2025. Granted, it’s risky to wager your money on GameStop. Yet, there are reasons to believe that GameStop’s management can set the company back on the path to success. Oftentimes, GameStop is compared to Bed Bath & Beyond (OTCMKTS:BBBYQ) because both companies have been short-squeeze targets. The two
Short borrow fee rates for Mullen Automotive (NASDAQ:MULN) spiked over the weekend after short sellers began exhausting the available shares to sell. According to data from Fintel, fee rates have now risen from 10% last week to 185% today. Experienced traders will immediately sense an opportunity. Rising fee rates signal a supply-demand imbalance, and Mullen’s skyrocketing figures mean shorting the stock has become an extremely crowded trade. Few liquid stocks remain above a 100% fee rate for lo
The world’s foremost artificial intelligence (AI) stock trading algorithm, An-E, has issued price predictions on these nine hot stocks. An-E (pronounced Annie) has made this kind of prediction before. Back in December, Wall Street was bullish on Johnson & Johnson (NYSE:JNJ). Analysts were convinced JNJ could only go up… but An-E knew better. The algorithm said that JNJ stock was headed down 10% over one month… and JNJ stock fell that exact amount. Wall Street was shocked… but An-E saw it coming
GameStop (GME) closed at $20.24 in the latest trading session, marking a -1.32% move from the prior day.
Amateur traders are making new bets against regional bank stocks as volatility continues to roil the industry.
There’s no need to worry that video game retailer GameStop (NYSE:GME) will end up like Bed Bath & Beyond (NASDAQ:BBBY). There are important differences between GameStop and Bed Bath & Beyond, and GME stock actually has the potential to make a multi-bagger move in 2023. Some folks might lump GameStop into the same category as Bed Bath & Beyond because meme-stock traders have targeted these two companies in the past. Also, both companies had their share of problems after the Covid-19 pandemic stru
A month ago, it appeared as if GameStop (NYSE:GME) was more-than-able to hold on to its post-earnings gains from March, with GME stock holding tight in the low-$20s per share before making its next move higher. Unfortunately, that’s not how the situation has played out. Shares in the “meme stock king” have in recent weeks coughed back a fair amount of these gains. If that’s not discouraging enough for those still “long and strong” the stock, this pullback may not be on the verge of ending anytim
The story of GameStop (NYSE:GME) stock illustrates that the difference between success and failure in investing lies in selling. Those who succeed know how to sell. They know when to sell. Then, when the timing is right, they sell. GameStop became a meme stock in January 2021, over two years ago. Small traders, encouraged by subreddit r/WallStreetBets, bought the shares to create a short squeeze. It worked. The stock traded as high as $120 per share that month. Those who sold then made money.Inv
Video game retailer GameStop (NYSE:GME) shifted its focus onto e-commerce and nonfungible tokens (NFTs) for a while. That didn’t work out well. Now, GameStop is returning to its roots with a shift back to brick-and-mortar sales. It will take some time to determine whether this strategy will be successful, however, so now is a time to be cautious with GME stock. It’s certainly possible that GameStop’s loyal investors might prove the skeptics wrong this year. There are indications of insider buyin
GameStop (NYSE:GME) decided to give up on the potentially lucrative consumer electronics and technology e-commerce market prematurely, while the sales at its brick-and-mortar stores will probably drop. Moreover, after the interactions that GameStop Chairman Ryan Cohen had with Bed Bath & Beyond (NASDAQ:BBBY) over the last year, I’m not very optimistic about his management skills or his ability to identify strong businesses. Given all of these points, I believe all investors should sell their GME
In this article, we will take a look at the 12 most popular retail investor stocks in 2023. To see more such companies, go directly to 5 Most Popular Retail Investor Stocks in 2023. The coronavirus pandemic and the market dynamics that followed infused huge changes in financial markets all over the world. One of […]
The massive short squeeze rally in GameStop (NYSE:GME) and several other meme stocks in 2021 will go down in the books of financial history. While the speculative euphoria has calmed, short squeeze stocks continue to grab the attention of investors. Furthermore, selected high short interest stocks continue to surprise with a 100% or 200% rally at the blink of an eye. I believe that risk-taking investors can consider allocating a small part of the portfolio to benefit from short squeeze rally. Of
Some people don’t take meme stocks seriously. However, video game retailer GameStop (NYSE:GME) is worth watching and possibly even investing in. However, even if you respect GameStop as a business, don’t just buy GME stock at any price. GameStop is in the midst of a transformative period. Last year, the company focused on e-commerce sales and non-fungible tokens (NFTs). More recently, though, GameStop is getting back to its core business model by re-focusing on the company’s brick-and-mortar loc
If video game retailer GameStop’s (NYSE:GME) financials are improving, does this mean it’s time to buy GME stock? That’s a tough call, as it’s still a risky proposition to invest in GameStop. Yet, a share position is worth considering as GameStop’s management seems to have a well-considered turnaround plan in place. Meme stock traders and price chasers have targeted GameStop during the past couple of years. However, sensible investors should avoid emotional trades and keep tabs on the company’s
GameStop (GME) closed the most recent trading day at $20.49, moving +1.34% from the previous trading session.
In this piece, we will take a look at ten stocks targeted by short sellers recently. For more stocks, head on over to 5 Stocks Targeted By Short Sellers Recently. A curious outcome of the turmoil ushered in by the coronavirus pandemic was the historic tussle between retail and institutional investors. The pandemic made major […]