stonks

Several stocks favored by the retail investor crowd saw gains earlier this week, but what looked like a promising meme stock rally fizzled out by Thursday. Classic meme stock names including GameStop Corp (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) were...

A children’s author who previously took on tackling subjects like the rise of Dogecoin (CRYPTO: DOGE) and meme stocks is now hoping to pay tribute to the story of Michael Burry, who predicted the housing collapse of 2008. The New Book: After writing on several other financial topics...

Activist investor Ryan Cohen posted a cryptic tweet late Wednesday that sent Twitter into a guessing game. What Happened: Cohen, who took a stake in electronics retailer GameStop Corp. (NYSE:GME) and has been instrumental in its turnaround, suggested in a tweet that he spoke to a company, which was...

The stock market had a challenging 2022 due to macro and geopolitical headwinds, with high-profile names suffering losses. The S&P 500 lost about 20%, and the Nasdaq Composite dropped around 33%.  Even industry giants like Tesla Inc (NASDAQ: TSLA) experienced...

Former hedge fund manager Whitney Tilson, who recently removed electronics retailer GameStop Corp. (NYSE: GME) from the “Dirty Dozen” list of stocks to avoid, chimed in on the meme stock yet again. What Happened: “What GameStop is doing is smart,” Tilson said, adding this...

The founder of retail investor-driven discussion board WallStreetBets, Jaime Rogozinski, is reportedly suing Reddit for ousting him as moderator. What Happened: Rogozinski is accusing Reddit of a breach of contract for his 2020 ousting and infringing on his right to trademark the WallStreetBets...

At the peak of the frenzy surrounding so-called "meme stocks" — brokerages and trading platforms restricted transactions in retail investor-boosted names like GameStop Corporation (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) on Jan. 28, 2021.  The restrictions...

Shares of GameStop Corp. (NYSE: GME) closed 8.45% lower on Tuesday. The company has reportedly commenced lay-offs as it prepares to report third-quarter financial results after the market close on Wednesday. What Happened: GameStop’s option chain of Dec. 09 expiry shows that the maximum open...

Billionaire investor Carl Icahn started shorting GameStop Corp. (NYSE: GME) during the height of the "meme-stock" frenzy around January 2021 and continues to hold a large position, reported Bloomberg, citing sources. Short Position: Icahn commenced building the short position when...

A film revolving around the GameStop Inc (NYSE: GME) short-squeeze saga, starring Seth Rogen and Pete Davidson, is reportedly in the works. What Happened: The movie “Dumb Money” is based on Ben Mezrich’s 2021 book “The Antisocial...

Microsoft Corporation (NASDAQ: MSFT) co-founder Bill Gates says he’s never been “long or short” GameStop Corporation (NYSE: GME).  What Happened: Gates discussed whether he ever had any position on the main street video game retailer's stock in a Reddit “Ask Me...

CNBC host and television personality Jim Cramer took to Twitter Inc. (NYSE: TWTR) to take on cryptocurrency investors and young investors with a warning over “anger investing.” What Happened: Cramer has been known to share his opinions on stocks and the market via Twitter. Over the...

Apple Inc (NASDAQ: AAPL) authorized retailer and service provider Simply Mac is reportedly ending operations and letting go of all its employees. What Happened: Simply Mac CEO Rein Voigt mentioned the COVID-19 pandemic in a letter to employees as a reason for setbacks suffered by the retailer...

GameStop Corp (NYSE: GME) is dishing out some major discounts for Sony Group Corp’s (NYSE: SONY) PlayStation “Days of Play” event. What Happened: The event is due to take place between May 25 and June 8 this year. On offer are GameStop discounts on...

Melvin Capital, the hedge fund at the center of the GameStop Corporation (NYSE: GME) short squeeze saga, will shut down, Reuters reported on Wednesday. What Happened: Melvin Chief Investment Officer Gabriel Plotkin said in a letter that the last 17 months have been an “incredibly...