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 […]
It’s been a crazy week for video game company GameStop, as the company’s stock has been sent skyrocketing — then plunging — as a battle is brewing on Wall Street between hedge funds and retail investors. Speaking with FOX 9 Executive Producer Seth Kaplan, senior wealth advisor Brett Angel with the Marks Group explained the […]
Richard Mashaal and Brian Gonick started buying GameStop Corp. shares in September. They aren’t Reddit day traders or Discord users. They are hedge-fund managers in New York. And when the stock surged from less than $10 a share to above $400 and the dust had settled, they were sitting on a profit of nearly $700 […]
JUST IN: Robinhood says it’s “restricting transactions for certain securities to position closing only” for companies including GameStop bc “of recent volatility”. $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOKhttps://t.co/Pcx1NGhfhK — Rebecca Jarvis (@RebeccaJarvis) The meteoric rise in GameStop’s stock, as traders congregating on Reddit and Discord take on short sellers and hedge funds, […]
Small investors rallied together on Reddit in an effort to stick it to hedge funds that shorted the stock of video game store GameStop. It’s a true Main Street versus Wall Street fight that Peter Najarian, the founder of Market Rebellion, says is a movement of hundreds of thousands of people. This content was originally […]
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 […]
Here’s what’s going on, in layman’s terms — the Reddit investors basically decided to make GameStop Corp. (GME) their main stock market focus, buying up as many shares as possible in order to screw over hedge funds that have shorted the stock … meaning they bet against it. This content was originally published here.
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 […]
AMC shares triple as retail investor raid of hedge fund short targets spreads from GameStop Published Wed, Jan 27 20218:15 AM ESTUpdated Wed, Jan 27 20218:24 AM EST This content was originally published here.