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Online brokerage app Robinhood Markets said it has started delivering tax forms and expects most customers to receive them by late Wednesday, after it missed an earlier deadline.
(Bloomberg) — GameStop Corp. shares tumbled for a third day in four as retail traders flocked to other corners of the stock market such as small drug developers. The video-game retailer extended losses to 33% and touched this week’s low of $62.05 at 11:32 a.m. in New York. Trading volume picked up after a slow start, with 25 million shares exchanged in the first two hours of trading, but still a below the average for the stock over the past two weeks. Meanwhile, demand was lower for companies such as headphone maker Koss Corp. and apparel retailer Express Inc., which had also skyroc...
Two Pulaski County residents add to lawsuits against Robinhood over stock trading Two Pulaski County residents add to lawsuits against Robinhood over stock trading In Little Rock, the class action lawsuit was filed by the Thrash Law Firm. Plaintiffs are Kevin Kelley, the Pulaski Academy football coach, and his son, Zackery Kelley, also a coach at PA. Advertisement Advertisement All these stocks rose sharply between Jan. 4 and 27, then dropped after trading was stopped. The suit seeks to represent either a nationwide class of plaintiffs or all Arkansas customers affected by the trading hal...
GameStop's shares and others favoured recently by retail investors fell further on Thursday, while U.S. Treasury Secretary Janet Yellen vowed to protect investors, but also said financial market regulators needed to fully understand the recent trading frenzy before taking any action.
GameStop Wraps Up Worst Week Ever, Leaving $18 Billion Hole Bloomberg 2/5/2021 Bailey Lipschultz (Bloomberg) -- Even with Friday’s bounce, GameStop Corp. wrapped up its worst week on record as a stunning reversal of fortune wiped out $18 billion from the video-game retailer’s stock-market value. Popular Searches The stock fell 80% in the last five days, its worst weekly performance on record, to $63.77 in New York. The 19% gain on Friday after Robinhood Markets removed buying limits still left it far below last week’s high of $483 as retail trader demand and excitement...