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.
The GameStop melt-up, driven in part by Elon Musk, Michael Burry of The Big Short fame and an army of armchair Redditors intent on crippling bearish hedge funds, has led the stock to skyrocket and pummel positions at firms including Melvin Capital and Citron Research. Now, the retail brigade is coming for other stocks popular among […]
Silver prices jumped 11% in early trading Monday, the precious metal’s biggest jump in 11 years. r/WallStreetBets subreddit users say they’re still focused on GameStop, not commodities. This content was originally published here.
Melvin Capital sells out of GameStop Melvin Capital closed out its short position in GameStop on Tuesday afternoon after taking a huge loss, manager of the fund Gabe Plotkin told CNBC’s Andrew Ross Sorkin. 04:51 This content was originally published here.
Bed Bath & Beyond, AMC rally with GameStop as little investors squeeze hedge funds in more stocks Published Mon, Jan 25 202111:09 AM ESTUpdated Mon, Jan 25 202111:15 AM EST This content was originally published here.
GameStop’s stock is likely to continue its rally, as it added over six percent in early pre-market trading on the first trading day of the week. It comes after the company’s share price jumped 400 percent last week and surged over 1,600 percent for the whole January. AMC is also expected to open this month […]
Hedge funds and short-selling stock: How and why Gamestop shook the stock market Online traders have delivered a multibillion-dollar message to big investors but the situation raises important questions about social media’s impact on the stock market, writes Ben Chapman Friday 29 January 2021 00:17 Find your bookmarks in your Independent Premium section, under my […]
A major aspect of the rise of stocks like GameStop is the use of leverage by hedge funds. The r/WallStreetBets crowd is using that leverage against them. What it means: Because hedge funds are using borrowed money to place bigger bets, they have to exit positions at certain levels or risk losing potentially infinite sums […]
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