Why GameStop Stock Short Sellers May Be Celebrating Too Soon
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The rally of GameStop and other meme stocks appears to have stopped. However, it’s still too early for short sellers to celebrate, as their recent gains have turned into losses in just two trading sessions. The recent rally of GameStop and other meme stocks, sparked by Keith “Roaring Kitty” Gill’s return to social media, led…
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Diving into why the GameStop and AMC stock rally hit the brakes, we’re looking at trading halts and the shortage of out-of-the-money call options. This sheds some light on what’s driving the meme stock frenzy. The rally pause may be attributed to more than 38 trading halts imposed on GameStop and AMC stocks during a…
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Keith “Roaring Kitty” Gill returns to social media, igniting a massive rally in meme stocks and causing significant losses for short sellers. With his potential to disrupt Wall Street just beginning, retail investors are bracing for more excitement. Keith Gill’s mysterious meme videos sparked a rally in GameStop and AMC stocks, drastically increasing their market…
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AMC kicked off the trading session on May 14th with an astonishing leap of over 210%. Yes, you read that correctly. The frenzy surrounding meme stocks has struck once again. Meme stock frenzy reemerges with GameStop and AMC seeing significant surges in trading activity, ignited by a single post on social media platforms like Twitter.…
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The main icon behind the GameStop saga is back on social media after almost three years in the dark. GameStop stock’s initial 100% up reaction says it all. Keith Gill, also known as “Roaring Kitty,” has resurfaced on social media after nearly three years, sparking a significant surge in GameStop stock. Gill’s return marks a…
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The resurgence of meme stocks, fueled by Keith Gill’s return to social media, has reignited retail investor enthusiasm and led to significant price jumps on GME, AMC, BYON and DJT. Keith Gill’s return to social media, with a single post on X/Twitter, sparked a surge in trading for meme stocks like GameStop, AMC, and Beyond…
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AMC’s Q1 results show steady progress, but challenges persist, with slower-than-expected growth and concerns about debt. AMC reported a loss per share of 78 cents in Q1 2024, slightly better than expected. Total revenue remained stable, with notable per-patron metrics and contribution margin improvements. CEO Adam Aron cautioned investors to lower expectations for Q2, projecting…
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GameStop is on the brink of reclaiming its $5 billion valuation once more. GameStop’s stock has surged by 50% since the beginning of May, driven by bullish market sentiment and intense short pressure, leading to a short squeeze. Technical analysis suggests a bullish trend with the crossover of shorter-term moving averages (SMA 50) above longer-term…
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Trump Media stock is surging. Could this be the emergence of another meme frenzy protagonist? Trump Media (DJT) mirrors GameStop and AMC’s meme stock characteristics, including a compelling narrative, social media visibility, and extreme volatility. Short-selling expert Ihor Dusaniwsky suggests a potential “mother of all short squeezes” for DJT, with technical indicators hinting at a…
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Shares in Carvana (CVNA) surged by as much as 37% following the release of its Q1 2024 results, which the company itself hailed as its best quarter in history. The used car sales company reported sales of 91,878 vehicles in the quarter, marking a 16% increase compared to Q1 2023. This represents the company’s third…