GameStop's surprise profit triggers short squeeze, meme stocks rally

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Meme stock GameStop Corp surged nearly 41% on Wednesday as the video game retailer's first profitable quarter in two years squeezed bearish investors and sparked off a rally in other stocks popular among retail traders.

surged nearly 41% on Wednesday as the video game retailer's first profitable quarter in two years squeezed bearish investors and sparked off a rally in other stocks popular among retail traders.and several other names were at the heart of a meme-stock frenzy in 2021, which was driven by small investors coordinating on social media. A number of those names were up on Wednesday.

"Luckily, this go-around is not due to meme investors, but an actual tangible fundamental event," said David Wagner, portfolio manager at Aptus Capital Advisors, who does not have a position in the stock.

 

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plywood windows are never a good sign.

Profits in reality will always occur from the virtual worlds of fantasy. None does until it is.

I made money on this turkey once.

Really people, first profit in 2 years ? Gamestop declining. Is it going to zero ? Maybe not, but I buy games on line, I haven't been in a game stop since October 26, 2004, to get GTA SA. They will have to change there business to be more online if they are to survive

Another short squeeze?

GAMESTOP IS THE ONLY WAY !

Price is $24. This ain't no squeeze. WeAreNotSelling DRS GME $GME

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GameStop jumps after swinging to profit, ignites rally in meme stocksMeme stock GameStop Corp jumped nearly 40% in premarket trading on Wednesday after the video game retailer posted its first profitable quarter in two years, igniting a surge in other stocks popular among retail traders. AMCNOTLEAVING What a headline.
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GameStop soars on short squeeze after swinging to profit, meme stocks rallyMeme stock GameStop Corp jumped nearly 50% in early trading on Wednesday as the video game retailer's first profitable quarter in two years squeezed bearish investors and ignited a surge in other stocks popular among retail traders. 💣 Too bad it's shareholders who only hold GME are pushing other people away by attacking their stocks, retail should be on retail's side, division is only going to slow the victory up. May I can finally cash out on this stock ! Sigh
Source: Reuters - 🏆 2. / 97 Read more »