Tag: Computer Stores

GameStop stock swings lower after earnings

GameStop Corp. stock sank in the extended session Tuesday as the videogame retailer at the center of the so-called meme-stock phenomenon said it had laid the groundwork for its “transformation” and reported lower-than-expected adjusted fourth-quarter earnings and sales. GameStop GME, -6.55% shares initially rose by more than 8% after the report, but sank soon after, […]

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WallStreetBets has silver in its sights, but here’s why this speculative rush may be ‘short-lived,’ says analyst

Stock markets are rebounding from Wall Street’s worst week since October 2020, recouping losses caused in large part by a retail trading frenzy — but signs point to more turbulent days ahead. Last week, investors based on the Reddit group WallStreetBets drove up the prices of shares in heavily-shorted companies, notably GameStop, forcing hedge funds […]

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How will this wild GameStop saga end? The ghosts of trading catastrophes past offer clues

Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see parallels with past trading catastrophes that ultimately left those same individuals holding the bag. Richard Smith, executive director of the Foundation for the Study of Cycles, compared the run-up […]

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