No one can argue that GameStop GME, -1.85% isn’t in a better position than it was one year ago, but whether the OG meme stock is worth its current price will be a white hot topic of debate when the videogame retailer announces earnings after Wednesday’s closing bell.
Once retail investors took control of the stock price, GameStop spiked more than 4,600% in January at the height of an epic short squeeze that birthed similar moves in AMC Entertainment AMC, +8.66%, BlackBerry BB, -2.17% and others. Shares are still up more than 2,400% year-over-year, while Cohen has become both the company’s chairman and a folk hero on social media where GameStop shares remain something between a financial instrument and an article of faith.
Analysts mostly agree with Pachter. Of the five analysts covering GameStop, three rate the stock as a SELL while two rate it as a HOLD.“GME HAS BEEN LOADING BULLETS AND IS READY TO HUNT,” crowed user RealBeltracchi on GameStop subreddit Superstonk. On Reddit and Twitter, users mused that Cohen’s plan will include everything from creating a platform to sell NFTs to a move that would make the company a leader in decentralized finance, perhaps even resulting in GameStop fighting short sellers by introducing a class of stock that uses Blockchain technology, making it harder for shorts to manipulate.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
AYA fintech network platform provides proprietary alpha stock signals and personal finance tools for U.S. stock market investors.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GameStop, Bitcoin, Nio, Citrix: What to Watch When the Stock Market Opens TodayGameStop reports earnings after the close; bitcoin is extending its fall. Bitcoin dropping really hard. Already down passed the 46.7k support Bitcoin now testing the 20 Week SMA Which we all expected to happen This is a time to buy more and hodl next target will be above 53k I’ve been taking 10Ethbtc tweets seriously 👍🏻➡️👍🏻➡️ Btc Get SHIB by joining SHIBA PROJECT Airdrop on SHIBA_BONUS site 💰🍷
Source: WSJ - 🏆 98. / 63 Read more »
Many teens are reluctant to invest in the stock market after the GameStop frenzy, survey findsSome teens may be hesitant about investing in the stock market after the GameStop trading frenzy, according to a survey. Here's why that may be a problem. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her earn_with_Jens Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success Agree go straight to crypto Wow you mean to tell me that instead of creating a market of legit and fundamental traders, the federalreserve has created a literal casino and future generations do not want to participate in a winner take all ponzi? Yea who could've seen this coming.
Source: CNBC - 🏆 12. / 72 Read more »
GameStop’s Earnings to Serve as Early Test for New ExecutivesThe videogame retailer is in the midst of modernizing its business and analysts expected it to benefit from the easing of pandemic restrictions. I could triple the revenue of $GME in two quarters. NOPRESSURE
Source: WSJ - 🏆 98. / 63 Read more »
Stocks may fall 15% by year-end, warns Morgan Stanley. Here are some portfolio moves investors might consider.Morgan Stanley’s optimistic view of the economy isn’t keeping it from warning about a looming correction in the U.S. stock market. And monkeys “might” fly out of my butt. ms kinda sus 👀 good luck
Source: MarketWatch - 🏆 3. / 97 Read more »