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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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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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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According to GameStop’s co-founder, the company now led by Ryan Cohen needs to reduce its stores footprint in order to succeed in the long term. Co-founder Gary Kusin advises GameStop to streamline operations by reducing its store footprint through layout optimization and increased online sales. Despite challenges, GameStop reported its first annual profit in 2023…
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Should investors follow a GameStop board member who keeps buying more shares? GameStop’s director, Larry Cheng, has increased his holdings in the company by purchasing an additional 10,000 shares, signaling confidence in its future prospects. Cheng’s insider purchase is part of a broader pattern, including previous buys by him, Director Alain Attal, and CEO Ryan…