Silver stocks such as First Majestic Silver Corp (NYSE: AG) are shining amid speculation that the Reddit-fueled frenzy will extend to the precious metal and companies associated with it. What Happened: First Majestic shares closed 21.56% higher at $16.86 and gained 12.69% in the after-hours session on Thursday. The iShares Silver Trust (NYSE: SLV), an […]
FNC’s Tucker Carlson comments on the unprecedented stock market activity with regard to Game Stop: TUCKER CARLSON: People on Reddit profited, people in hedge funds, who were betting that share price would go down, lost money. And that’s a crime! Only people who work for hedge funds are allowed to manipulate the market — often […]
Tyler Winklevoss on GameStop mania: This is the beginning of the end of centralized finance CNBC’s “Squawk Alley” team is joined by Tyler and Cameron Winklevoss, co-founders of Gemini, to discuss the Reddit trader revolution and what it means for Wall Street. 03:52 This content was originally published here.
Last spring, when GameStop Corp. was just a struggling videogame retailer and before Reddit took it to the moon, two small money managers teamed up in an audacious bid to shake up its board of directors. They thought the stock was worth a few more dollars. They won, and then things got wild. Shares have […]
As of Thursday, the stock had risen to hundreds of dollars, whereas it was circling perhaps one-tenth of the value last week. This came about by some finance-savvy Redditors that went up against Melvin Capitol and Citron Research who intended to “short sell,” according to Dr. Arnold. “This is where you borrow the stock and […]
GameStop’s stock has steadily been climbing all month long, but earlier today, it reached its highest point in company history. This continuing trend has been a shock, to say the least, but it now sounds like we have a better idea of why things keep moving in this direction. Around midday today, GameStop’s stock price […]
The assault is directed squarely at hedge funds and other Wall Street titans that had made bets the struggling video game retailer’s stock would fall. A couple have already essentially admitted defeat, and the army of smaller investors is pledging to keep up the momentum for GameStop’s stock in hopes of inflicting more pain. The […]
Billionaire investor Chamath Palihapitiya on GameStop surge and rise of retail investors CNBC’s “Halftime Report” team is joined by Chamath Palihapitiya, CEO of Social Capital, to discuss how he traded GameStop and what he thinks this means for the investment landscape going forward. 02:32 This content was originally published here.