GameStop (GME): Keith “Roaring Kitty” Gill Returns, Stock Surges Up to 100%
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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…
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Despite the absence of any Wall Street firm being bullish on AMC, the consensus suggests a potential upside of 76% from the current price. AMC stock forecasts a substantial 76% upside potential despite no bullish stance from Wall Street. Analysts remain predominantly neutral on AMC, with varying perspectives on its future trajectory. Barrington’s James Goss…
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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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According to Trump Media’s CEO, DJT shares are allegedly influenced by illegal practices by short sellers. Devin Nunes, CEO of Trump Media & Technology Group, alleged potential market manipulation of DJT shares due to concerns about naked short selling and DJT’s presence on Nasdaq’s Reg SHO threshold list. DJT’s stock performance has been volatile, with…
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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…