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By Syndicated Content Jul 15, 2021 | 1:28 PM (Reuters) – Shares of retail favorite AMC Entertainment were fighting to reverse a recent string of losses Thursday, as Wall Street debated the longevity of a trading frenzy in stocks that gained a massive following on social media in 2020. AMC shares were recently up 1.7% at $33.99 after four straight days of losses. The hugely volatile stock has lost more than half its value since hitting a record high of $76.62 on June 2. On Thursday, the stock swung between a low of $32.14 and a high of $37.40. Shares of videogame retailer Game...

Credit Suisse offers big blocks of Discovery, iQIYI shares related to Archegos: sources FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Zurich (Reuters) – Credit Suisse put large blocks of shares in media company Discovery Inc and iQIYI Inc on the market after regular trading ended on Tuesday, multiple sources said, as the bank continued unwinding positions related to last month’s meltdown of Archegos Capital. Credit Suisse has not yet finished unwinding its Archegos positions, said one source familiar with the matter. The bank has taken a $4.7 billion hit from dealings with A...

3 Min Read (Reuters) - A wild rally in shares of Rocket Companies that saw the stock rise 70% in an apparent short squeeze has attracted fresh bets that the stock price will decline. Slideshow ( 2 images ) Shares of Rocket, the parent of mortgage lender Quicken Loans, were down 31.7% to $28.43 in afternoon trading on Wednesday. The heavily-shorted stock had surged more than 70% on Tuesday in a move that analysts said was likely sparked by bearish investors unwinding bets against the stock as its share price surged. However, the stock’s gains appear to have drawn more investors betting again...

4 Min Read (Reuters) - Heavily shorted mortgage provider Rocket Companies saw its stock surge on Tuesday, in an eye-popping move reminiscent of the rallies that powered GameStop GME.N and other so-called meme stocks earlier in the year. FILE PHOTO: A banner celebrating Rocket Companies Inc., the parent company of U.S. mortgage lender Quicken Loans, IPO is seen on the front facade of the New York Stock Exchange (NYSE) in New York City, U.S., August 6, 2020. REUTERS/Brendan McDermid Shares of Rocket, the parent company of Quicken Loans, closed up 71.2% at $41.60 after being halted several time...

Shares in heavily-shorted mortgage provider Rocket Companies surged on Tuesday (Mar 2) and were set for their third straight day of gains as the ...