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GameStop (GME): The King of Meme Stocks Almost Stopped the Game 2021-04-30 14:43:00 James Stanley, Izaac Brook, GameStop (GME) Talking Points: GameStop stock took markets by storm in Q1 as a short-squeeze in GME threatened to up-end US equity markets. GameStop propelled WallStreetBets to the center of the market’s attention as redditors teamed up to go long the stock. Advertisement GameStop (GME) is the leader of the pack of meme stocks, propelling WallStreetBets to fame during the coordinated short squeeze in January. The rally in GameStop and the disruptions it caused among brokerage platforms and the overall market was even a focus of congressional testimonies. While the beltway scrutiny may have faded for now the stock continues to trade above $150 per share as of late April, compared to $20 per share at the start of the year. The share price has continued to see high levels of volatility. ....
How Redditors find the next GameStop stock File Photo: While WallStreetBets had good success boosting beaten down stocks, it struggled to push hot names higher (REUTERS)Premium Shane Shifflett, , The Wall Street Journal On the surface, WallStreetBets looks like a casino, but an analysis of the stocks that take off reveals some common factors that drive the winners Share Via Read Full Story There is a method to the madness on WallStreetBets. For every stock that soars like GameStop Corp. and AMC Entertainment Holdings Inc., many more names touted on the Reddit site fail to launch. A Wall Street Journal analysis of millions of posts on WallStreetBets, the performance of the most-mentioned companies each month and interviews with traders show what makes a stock take off. ....
Watch Live: Leaders Of Citadel, Robinhood, Reddit Face Off Against 'Mad Maxine' In "Game Stopped" Hearing zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
GameStop stock: Massachusetts Redditor Keith Gill lost $13M in one day after stock plummeted Updated Feb 03, 2021; There are highs and lows with everything. Some lows just hurt more than others. Redditor Keith Gill, who was recently identified as the man behind the GameStop stock rally, revealed on Tuesday he took a big loss when the GameStop stock began to drop on Tuesday. The Massachusetts native, who goes by “DeepF ingValue” on Reddit and “RoaringKitty” on YouTube, posted to the WallStreetBets forum on Reddit Tuesday and wrote that he lost $13M in the stock’s value drop. The screenshot of Gill’s trading account on Tuesday showed he has 50,000 shares of the video game retailer and 500 call options. Those shares accounted for a $13.6M loss on Tuesday as the GameStop stock plummeted 60 percent. According to another screenshot posted to the forum on Monday, Gill also lost a little more than $5M on Monday. ....