Shares of GameStop rose more than 50 percent on Friday while the broad indexes tumbled. That is enough to bring GameStop, still one of the most shorted stocks in U.S. equities markets, up to a 400 percent gain for the week. Many of the biggest bulls in GameStop continue to hold their shares, predicting the […]
New York Attorney General, Letitia James, released a statement Thursday announcing that “we are aware of concerns raised regarding activity on the Robinhood app,” and that “we are reviewing the matter.” Newsletter SignupStay up to date on the latest news: Sign up for the Sons of Liberty newsletter! Stay up to date on the latest […]
“This is unacceptable. We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit,” she tweeted. This content was originally published here.
On Sunday night, Patrick, a 33-year-old from Texas, noticed his dog was limping. Concerned, he took him to the vet Monday. He got bad news: pay $4,000 for surgery, which he didn’t have, or put his dog down. “I cried all night,” Patrick told The Daily Beast. “I didn’t know what to do.” He remembered […]
All arguments for buying and holding GameStop are completely illogical. Short interest has already dropped precipitously, and late buyers will be hurt more than the big guys. This content was originally published here.
U.S. stocks saw losses accelerated Friday midday, with investors fixated on concerns related to continued short squeeze in popular trading names like GameStop and AMC Entertainment Holdings. Fears about the effectiveness of new vaccines amid new strains of COVID-19 were also rattling investors that have been wrestling with news on the virus and a glut […]
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 […]
London-based trading platform operator IG Group Holdings Plc said today that it will halt all new positions in GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC). What Happened: The company announced this today in a tweet, citing “extreme volatility.” Due to extreme volatility, and to prioritise the service we give our existing […]
Robinhood CEO Vlad Tenev on the short squeeze that caused GameStop to skyrocket Retail investor participation in the markets have reached new heights recently. Co-founder and CEO of Robinhood Vlad Tenev sat down with CNBC’s Andrew Ross Sorkin to discuss the rapid rise of GameStop and whether he thinks those who are causing the share […]