Tag Archives: videogame retailer

Two Small-Time Investors Were Buying GameStop Stock Before It Was Cool – WSJ

Last spring, when GameStop Corp. was just a struggling videogame retailer and before Reddit took it to the moon, two small money managers teamed up in an audacious bid to shake up its board of directors. They thought the stock was worth a few more dollars. They won, and then things got wild. Shares have […]

GameStop, AMC slide as retail trading frenzy stalls

By Reuters Staff 1 Min Read FILE PHOTO: A GameStop store is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File Photo/File Photo (Reuters) – Shares of videogame retailer GameStop and movie theater operator AMC Entertainment Holdings lost 26% and 13%, […]

Insiders at GameStop, BlackBerry, LaCroix Maker Are Suddenly Sitting on Big Stock Gains – WSJ

Retail day traders and Reddit stock pickers aren’t the only ones riding a surge in stock market gains. So are some chief executives and board members at long-struggling companies. Ryan Cohen, the 35-year-old internet entrepreneur who bought a stake in GameStop Corp. last year and joined its board earlier this month after agitating for strategic […]

GameStop Stock Soars, and Social-Media Traders Claim Victory – WSJ

Individual investors who recently piled into GameStop Corp. are taking a victory lap this week after shares of the struggling company doubled in the last two days, putting the stock on pace for its best weekly performance on record. For weeks, members of Reddit’s popular WallStreetBets forum have been touting GameStop, encouraging others to scoop […]

This Hedge Fund Made $700 Million on GameStop – WSJ

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 […]

GameStop trading resumes after brief halt as shares tumble

By Reuters Staff 1 Min Read FILE PHOTO: A GameStop store is pictured in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File Photo (Reuters) – Shares of videogame retailer GameStop Corp resumed trading on the New York Stock Exchange after being briefly halted following a 42% slump when […]

Hedge fund Melvin Capital closes out GameStop short: CNBC – MarketWatch

Hedge fund Melvin Capital closed out its short position in videogame retailer GameStop Corp., CNBC reported Wednesday. Fund manager Gabe Plotkin told CNBC’s Andrew Ross Sorkin that the position was closed out Tuesday afternoon following a huge loss. Shares of GameStop have soared more than 600% in January after retail investors, organized via Reddit’s WallStreetBets […]

GameStop, AMC halted after a minute of trading as shares retreat from massive gains – MarketWatch

Shares of videogame retailer GameStop Corp. GME and theater chain AMC Entertainment Holdings Inc. AMC were halted after about a minute of trading early Thursday as they retreated from Wednesday’s massive gains. GameStop shares fell 14% to $300.16 before they were halted, and AMC shares fell 32% before being halted at $13.55. On Wednesday, GameStop […]

GameStop Stock, Reddit and Robinhood: What You Need to Know – WSJ

The stock of videogame retailer GameStop started 2021 at $18.84. On Friday, its share price traded above $340. And it isn’t the only surprising stock seeing big gains. Below, we catch you up on the latest developments in the GameStop stock market mania. What is happening with GameStop, AMC and some other stocks? Amateur investors, […]

Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal. – WSJ

The investor who helped direct the world’s attention to GameStop, leading a horde of online followers in a bizarre market rally that made and lost fortunes from one day to the next, says he’s just a normal guy. “I didn’t expect this,” said Keith Gill, 34 years old, known as “DeepF—ingValue” by fans on Reddit’s […]