Tag Archives: United States

GameStop Ends Week Up 400%

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 […]

GameStop soars, and Wall Street bends

NEW YORK (AP) – GameStop’s stock is back to the races Friday, and the overall U.S. market is down again, as the saga that’s captivated and confused Wall Street ramps up the drama. GameStop shot up more than 70% in midday trading, clawing back most of its steep loss from the day before after Robinhood […]

Robinhood boss shuts down Elon Musk’s GameStop ‘conspiracy theories’ – live updates

The chief executive of Robinhood has publicly denied what he called “conspiracy theories” that claimed established hedge funds and US financial regulators were attempting to slow down frenzied purchases of GameStop shares. Vlad Tenev told Elon Musk in a livestreamed interview on Monday morning that “you’re getting into conspiracy theories a little bit” after Mr […]

Silver prices surge as Wall Street’s GameStop stock bug may have mutated – ABC7 San Francisco

GameStop’s stock is back to the races Friday, and the overall U.S. market is down again, as the saga that’s captivated and confused Wall Street ramps up the drama. This content was originally published here.

Trading Platform Company IG Group Joins In Halting Of New Trades in GameStop, AMC

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 […]

GameStop stores switch to door delivery service only in response to coronavirus | GamesRadar+

GameStop is shutting some U.S. locations down and switching to door-delivery service at others in response to the COVID-19 pandemic. The retailer has kept its stores running even as concerns mounted about the outbreak and the social distancing required to slow it down. A report from Kotaku indicated that GameStop encouraged its employees to keep […]

Elon Musk #Bitcoin Moment Adds to Dogecoin, GameStop Wackiness – CoinDesk

One big question, of course, is what it all might mean for cryptocurrency prices. Prices for the digital token dogecoin (DOGE), which is basically just a doggie-faced meme, have shot up in value as rumors swirled that it might be the next to draw the attention of buck-the-system (or even just fun-seeking) retail traders. (For […]

GameStop short interest falls to $5.8 billion: S3 Partners

By Reuters Staff 2 Min Read FILE PHOTO: A person walks past a GameStop store in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File Photo NEW YORK (Reuters) – Short interest in GameStop Corp declined as the video game retailer’s stock price dropped and the number of shares […]

How Clearing Demands Helped Ground the WallStreetBets Stocks – WSJ

When some online brokers including Robinhood Markets Inc. and Webull Financial LLC moved this week to restrict trading in GameStop Corp. , AMC Entertainment Holdings Inc. and other stocks, fueled by Reddit’s WallStreetBets forum, they did so in part because of obligations with clearinghouses that help ensure trading across the market isn’t disrupted by defaults. […]