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Wall Street runs red as GameStop trading blitz rages on
Traders also reacted to data that showed Johnson & Johnson's COVID-19 vaccine was only 66% effective
Company
GameStop Corp
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.
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Reddit-inspired GameStop trading frenzy throttled as trading apps slam on the brakes
Trading platforms such as Robinhood and Trading 212 said on Thursday that they were preventing users from buying shares in the video game retailer as a surge in investor demand sent their servers into meltdown
GameStop's Reddit-driven ‘YOLO' trading frenzy draws attention of White House, US regulators
The SEC alongside other US watchdogs is currently investigating the meteoric rise in the shares of the video game retailer, which has become the key flashpoint in an ongoing battle between Wall Street short sellers and an online army of ret
Gamestop, YOLO trades and wallstreetbets: How trading and trolling wreaked havoc on Wall Street
An online army of ‘degenerates’ has cost short-selling hedge funds billions by rocketing Gamestop to the moon.
Archive
Eleventh hour selloff torpedoes Dow to worst day since October
The ongoing volatility emanating from the GameStop short squeeze has shown no sign of stopping yet
GameStop short sellers squeezed as more retail investors pile in
The video game retailer's bullish run has become something of a battleground between professional short-sellers and an online community of retail traders
Archive
Nasdaq, S&P end up-and-down session in the green
Apple and Tesla have each gained at least 2.5% ahead of Wednesday earnings reports.
GameStop shares rise on buyback announcement
The video game retailer is launching what’s known as a modified Dutch auction, which allows shareholders to indicate how many shares and at what price they want to sell
GameStop's stock swoons as 1Q results show rapidly declining console sales
The video-game retailer saw revenue fall 13% to $1.5 billion as same-store sales plunged 10.3%
Investments and investor services
GameStop stock takes a hit as 4Q earnings and revenue miss views
Looking forward, the company is optimistic about its future under new CEO George Sherman
GameStop averts proxy fight with major shareholder
The video game retailer agreed to add two independent directors two its board
GameStop stock ticks up as major shareholder raises proxy fight
Hestia, an investment firm with 160,000 shares in the retailer, wants to nominate four new board members
Videogame retailer GameStop edges up after naming George Sherman CEO
Most recently Sherman served as CEO of Victra, the largest exclusive authorized retailer for Verizon Wireless products and services
Google’s Stadia platform promises to up-end the gaming industry, but what does it mean for investors?
Stadia promises a paradigm shift for the gaming industry, which has already in recent years seen huge incursion by smart phone games like Candy Crush
GameStop stock on the rise thanks to $300 million buyback
The video game retailer also plans to pay a dividend and retire 2019 notes
Small-Cap Snapshot: GameStop tumbles after video game retailer spikes plans to hunt for a buyer
Sanmina, Brinker International and Ethan Allen Interiors are also making news
Small-Cap Snapshot: GameStop rallies on report Sycamore and Apollo are bidding for retailer
Arcus Biosciences declined after the company announced that Jennifer Jarrett will step down as the chief financial and operating officer
Investments and investor services
EARLY MOVERS: Delta Air Lines flies low, GameStop surges on buyout chatter
Also in the frame in New York pre-market deals is Gamestop Corp and RPM International Inc
Investments and investor services
Small-Cap Snapshot: Fast food chain Jack in the Box tops sales estimates in its fourth quarter
Shares of food distributor SpartanNash were on the rise following its acquisition of Martin’s Super Markets
GameStop acquisition may be too pricey for private equity firms, says Wedbush analyst
The video-game retailer confirmed reports that it was exploring a buyout