Tag Archives: Financial economics

GameStop soars, and Wall Street bends under the pressure

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 […]

Large GameStop shareholder MUST Asset Management sold off its stake – MarketWatch

GameStop Corp. GME, +18.76% disclosed Thursday that South-Korea-based MUST Asset Management Inc., a former large shareholder, no longer holds any shares of the videogame and consumer electronics retailer. The stock sale comes after GameStop’s stock soared 788% amid a five-day win streak through Wednesday, as it became a poster child for the recent trading frenzy […]

GameStop stock falls as sales fall short and dividend eliminated

GameStop shares tumbled nearly 14% in after-hours trading Tuesday after the retailer announced it would eliminate its dividend as video game sales continue to decline and put pressure on its business.  In the latest quarter, GameStop unexpectedly reported a net profit, but its revenue fell short of Wall Street’s expectations.  With sales expected to continue […]

GameStop has $11bn wiped off value in wild day of trading

Jordan Belfort weighs in on Reddit investors buying GameStop stock GameStop has $11bn wiped off value in wild day of trading as Reddit-inspired investors restricted Congress will look into Wall Street and trading apps after users restricted by Robinhood Friday 29 January 2021 00:44 Find your bookmarks in your Independent Premium section, under my profile […]

Robinhood raises trading limits on restricted stocks, customers can buy 100 GameStop shares now

Robinhood raises trading limits on restricted stocks, customers can buy 100 GameStop shares now Published Tue, Feb 2 202111:09 AM ESTUpdated Tue, Feb 2 202111:33 AM EST This content was originally published here.