Company
NYSE:GME
GameStop Corp. is a retailer of video game products and personal computer (PC) entertainment software. The Company sells new and used video game hardware, video game software and accessories, as well as PC entertainment software, and related accessories and other merchandise.
177 stories · page 6 of 9
Michael Burry, the founder of Scion Asset Management who successfully predicted the 2008 sub-prime mortgage crisis, warned that the influx of inexperienced retail investors is creating a bubble that will inflict losses approaching "the size
Archive
It was the third straight day of losses for the industrials
Archive
The main indices were all lower on Monday as investors noted that the pandemic is not quite over yet
Cohen has been effectively running the video games retailer since he was appointed as head of transformation in January
The video game retailer is planning to sell around 3.5mln shares, equivalent to 5% of its outstanding share capital, in a bid to fund its strategy shift towards e-commerce
Cohen has been cutting a swathe through the previous management of GameStop
Archive
The Nasdaq briefly turned positive before the close but dropped back into the red
Users on the wallstreetbets forum were quick to highlight the irony of hedge funds causing market chaos mere months after accusing retail traders of doing the same during January's GameStop buying frenzy
Archive
The Dow and S&P were up most of the day before a swift decline in the final moments of trading
The firm's net sales and incomes both fell short of estimates in the three months to the end of Janaury, taking some of the shine off the darling of Reddit's r/wallstreetbets forum
Investments and investor services
Research by the FCA found new investors tended to skew younger and be more gender-balanced, more BAME and of lower socio-economic status than the ‘traditional’ audience who have been investing for longer
Will the results be a reality check for retail traders, a statement of intent by the company, or merely more grist for the meme mill?
Also on Tuesday's agenda is an update on UK unemployment numbers
Reddit users on the r/wallstreetbets forum have driven donations to over S$350,000 in just a few days.
The short squeeze against big hedge funds has pushed many people to start trading in stocks and shares for the first time
The rise of stock market trading apps, as well as consumer savings during the pandemic, has led to a surge in retail trading volumes across 2020 and early 2021
Activist investor Ryan Cohen will chair the retailer's new Strategic Planning and Capital committee, which will look to shift the company towards a digital business model amid a decline in physical video game sales
A major shareholder tweeted the Nauseated Face emoji alongside a screenshot of a picture of a puppet dog
Steve Huffman added: “Obviously, there's a lot of risk there. But I think everybody goes in that situation-aware of that risk.”
Investments and investor services
“If you thought the meme stock craze was going away, think again," said one analyst
