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With more spotlight, the cryptocurrency becomes even more divisive

Robinhood to ease restrictions on GameStop trades CNN 1/29/2021 By Paul R. La Monica, CNN Business © Frederic J. Brown/AFP/Getty Images People enter a GameStop store in Alhambra, California on January 27, 2021. - An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. Traders have been astounded in recent days by the surge in struggling video game retailer GameStops share price...

GameStop stock surges 400% for the week as Robinhood lifts some trading restrictions Jessica Menton, USA TODAY © OLIVIER DOULIERY, AFP via Getty Images This photo illustration shows the logos of video game retail store GameStop and trading application Robinhood in a computer and on a mobile phone in Arlington, Virginia on January 28, 2021. Shares of GameStop and several other speculative stocks like theater chain AMC rebounded Friday, extending overnight gains after online t...

GameStops stock is extremely volatile after Robinhood shuts down trades By Paul R. La Monica, CNN Business Published Jan 28, 2021 11:16:30 PM enablePagination: false endIndex: (CNN) -- GameStop traders sent the stock on a wild ride Thursday. The stock was up about 13% Thursday morning after tumbling about 15% earlier. Sending it on a roller-coaster ride, Robinhood said it was restricting trading in the red hot stock as well as others. "We continuously monitor the markets and make changes wher...

4 Min Read NEW YORK (Reuters) - U.S. stocks closed higher on Thursday, bouncing from sharp losses in the prior session, thanks to a broad rally as earnings season got off to a strong start and fears lessened around hedge funds selling long positions to cover shorts. Heavyweights, including Microsoft Corp, Amazon.com and Alphabet Inc, were among the biggest boosts to the S&P 500, a day after the three major U.S. indexes suffered their biggest daily percentage drop in three months. Apple reported...

GameStop traders sent the stock on a wild ride Thursda... Posted: Jan 28, 2021 10:29 AM Updated: Jan 29, 2021 7:45 AM Posted By: CNN GameStop traders sent the stock on a wild ride Thursday, and it looks set for another manic session Friday. The stock lost more than 44% of its value on Thursday after surging nearly 40% at one point earlier in the day. Adding to the drama? The trading platform Robinhood restricted trading in the red hot stock as well as several others. We continuously monitor t...

by CNN — January 28, 2021 . So much for what goes up must come down. GameStop continued to defy gravity Thursday. Shares soared another 30% in premarket trading thanks to massive support from individual investors on Reddit. GameStop shares are now up nearly 2,500% this year — surging from just under $20 at the end of 2020 to a current price of about $460. It’s largely because of an army of investors who are buying the stock to hurt hedge funds that have bet against GameStop. The phenomeno...

New Constructs Fundamental Data Proven Superior by Paper Forthcoming in the Journal of Financial Economics News provided by Share this article Share this article NASHVILLE, Tenn., Jan. 26, 2021 /PRNewswire/ -- New Constructs (NC), the leading provider of insights into the fundamentals and valuation of private and public businesses, announced that The Journal of Financial Economics accepted for publication, Core Earnings: New Data & Evidence, a paper that features the superiority of its novel pr...

by CNN — December 21, 2020 . So much for Tesla getting a bump on its first official day in the S&P 500. Shares of Tesla fell more than 5% Monday, dipping along with the broader market because of concerns about a new variant of Covid-19 and some disappointment over the relatively small stimulus deal reached in Washington. Shares will still down more than 4% in afternoon trading. Elon Musk’s electric car company had already gotten a boost ahead of its inclusion in the index — and then some....

DoorDash went public on Dec. 9 at the NYSE. Courtesy of NYSE DoorDash shares came under some selling pressure Thursday after the short-selling firm Citron Research issued an aggressively negative report on the food-delivery company, setting a price target of $40 and repeating another analyst’s claim that this is “the most ridiculous IPO of 2020.” The Citron report argues that DoorDash (ticker: DASH) is in a highly commoditized business with little competitive advantage,...