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Sweden Readies Tougher Curbs; New EU Vaccine Deal: Virus Update

Sweden Readies Tougher Curbs; New EU Vaccine Deal: Virus Update
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Sweden Readies Tougher Curbs; U.K.'s Testing Blitz: Virus Update

Sweden Readies Tougher Curbs; U.K.'s Testing Blitz: Virus Update
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

New-zealand , Eastchester , New-york , United-states , Georgia , Australia , Taiwan , Japan , Paris , France-general- , France , Texas

Hong Kong Backs Sinovac; Vaccine Results Emerging: Virus Update

Hong Kong Backs Sinovac; Vaccine Results Emerging: Virus Update
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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GameStop Mania Reveals Power Shift on Wall Street---and the Pros Are Reeling

GameStop Mania Reveals Power Shift on Wall Street---and the Pros Are Reeling
© Gabriela Bhaskar/Bloomberg News
The power dynamics are shifting on Wall Street. Individual investors are winning big—at least for now—and relishing it.
An eye-popping rally in shares of companies that were once left for dead including GameStop Corp., AMC Entertainment Holdings Inc. and BlackBerry Ltd. has upended the natural order between hedge-fund investors and those trying their hand at trading from their sofas. While the individuals are rejoicing at newfound riches, the pros are reeling from their losses.
Long-held strategies such as evaluating company fundamentals have gone out the window in favor of momentum. War has broken out between professionals losing billions and the individual investors jeering at them on social media. Meanwhile, the frenzy of activity is stirring regulatory and legal concerns.

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How a bunch of Redditors made GameStop's stock soar

How a bunch of Redditors made GameStop’s stock soar, much to the chagrin of the hedge funds attempting to short it.

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GameStop Stock Soars as Short Sellers Take a Hit

Short sellers of
GameStop
stock just got squeezed. Shares of the videogame retailer spiked nearly 94% on Wednesday, though the gain shrank to about 57% through the market’s close.
In an email to
Barron’s, S3 Partners’ Ihor Dusaniwsky pointed to optimism following news on Monday that Chewy co-founder Ryan Cohen and two other former Chewy executives were joining GameStop’s (ticker: GME) board of directors. That, paired with holiday sales results, appeared to trigger “a long buying tsunami,” according to Dusaniwsky
Barron’s recently noted, citing short-selling data from S3 Partners, that the stock appeared to be primed for a short squeeze, when demand for a stock briefly rises as investors rush to cover bets that the price will fall. Investors have been betting against GameStop stock, given industry trends like the growth of free-to-play online games. Consumers’ growing tendency to buy games online, rather than shopping for copies at stores, has left the company’s physical disc business in an awkward spot.

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Large GameStop Investor Ryan Cohen Buys More Stock

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Ryan Cohen, a co-founder of pet-supplies retailer Chewy, recently bought more GameStop shares through a limited liability company.
Gabriela Bhaskar/Bloomberg
Ryan Cohen, a big investor and activist in
GameStop
stock, just bought more shares of the videogame retailer.
GameStop (ticker: GME) shares have tripled this year, lifted by sales of next-generation gaming consoles and the prospect of actions by activists, including Cohen. GameStop’s third-quarter earnings, reported earlier this month, were disappointing. The company also said it plans to sell stock through at-the-market offerings, which could dilute the value of existing shares.
RC Ventures, a limited liability company controlled by Cohen, paid $37 million from Dec. 15 through Dec. 18 for 2.5 million more GameStop shares, at a per share average price of $14.80. According to a regulatory filing, Cohen’s RC Ventures now owns nine million GameStop shares, or 12.9% of the shares.

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