What’s driving the AMC price spurt? While on its way to pre-pandemic patronage, the world largest Cinema company is undoubtedly not inspiring investors purely with its fundamentals. Rather, I suspect that investors are inspired by the recent media reports detailing the phenomenal losses that short sellers are continually racking
At this point in the GameStop short squeeze, which has (admirably) been ongoing for months now, I would expect very little correlation between GME and the market at large. GME is a beast all of its own, with market forces beyond the general day-to-day pettiness of the major US indices. People trading GameStop stock are not interested in inflationary pressure in the US. They are not interested in commodity prices. They are not interested in when The Fed begins tapering off its stimulus.
The Mother Of All Short Squeezes (MOASS) is how the short squeeze of GameStop Inc (NYSE: GME) is being referred. If the squeeze eventuates as speculated, with shares selling for prices exponentially higher than where is currently is sitting, then further squeezes could be energetically pursued by the same crowd to repeat its success.
Just make Ryan Cohen GameStop CEO Already An impressive list of executive superstars has joined the C-suite roster of GameStop (NYSE:GME). The new appointments should help build confidence in the Company as it pivots to a digitally-driven business. The news was welcomed by the r/wallstreetbets community on Reddit, who have been eagerly awaiting a C-Suite […]
Around seven years ago, in 2014, 15 year old me was intrigued by cryptocurrencies. At the time, Bitcoin was hovering around $220, and the talk of the town was no how much cryptocurrencies were worth but how increasingly harder it was to mine. The “Explain like I’m Five” rundown for crypto mining is that computers figure out blocks of mathematical equations, and for doing so, get allocated Bitcoin/crypto.
While the world continues to grapple with the Coronavirus, the financial markets are captivated by the financial phenomena that are GameStop. Currently, the stock price sits at $255, but by the time this is posted, the price will likely be plus or minus $50. Lawsuits have been served to Robinhood in New York and Chicago due to the low-cost brokerage withholding the ability to purchase more stocks of GME. Sources have stated that Robinhood is currently drawing millions
In the early 1600s, Tulips first arrived on the shores of Holland from Turkey. The flower was exotic, beautiful, and nothing like any other flower that grew in Holland at the time.