Loading...Loading...Cryptocurrencies linked to legendary trader “Roaring Kitty" surged higher Tuesday on high short interest in meme stock, GameStop Corp. GME.What Happened: GameStop GME/USD, the Solana SOL/USD-based meme coin that pays tribute to the historic 2021 short squeeze, jumped 10% in the last 24 hours. Additionally, Kitty AI KITTY/USD shot up 25%, with a 10% jump in 24-hour trading volumes. Both of these memecoins have no fundamental ties to GameStop or Roaring Kitty but are just playing on the sp ...

GameStop (NYSE:GME) stock is on the climb this week after Chief Executive Ryan Cohen publicly endorsed Republican presidential nominee Donald Trump on Saturday. Indeed, Cohen posted a simple “Trump 2024” post on X, formerly Twitter, following Saturday’s assassination attempt on the former president.Trump 2024 🇺🇸— Ryan Cohen (@ryancohen) July 13, 2024 The post has invited divisive reactions from investors and political fans alike. Indeed, while some X users expressed approval of the surprise advocation, othe ...

GameStop (NYSE:GME) stock has swung wildly since Roaring Kitty returned to social media to reiterate just how much he likes the video game retailer. And though shares are down sharply from those peaks, what may not be clear to many is that GameStop stock continues to trend higher.Just because it is not acting like a moonshot doesn’t mean the stock isn’t still rising. GameStop is down 61% from its May high point but up 161% from their April lows. More importantly, after the initial frenzy died down, GameStop ...

GameStop (GME) closed at $26.05 in the latest trading session, marking a +1.88% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.63%.The video game retailer's stock has dropped by 12.19% in the past month, falling short of the Consumer Discretionary sector's loss of 0.99% and the S&P 500's gain of 4.28%.Analysts and investors alike will be keeping a close eye on the perfor ...

NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), and GameStop Corp. (NYSE: GME). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided. Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) Class ...

GameStop’s (NYSE:GME) stock continued its decline last week, driven by fading meme stock momentum which was initially spurred by meme trader Keith Gill. GameStop stock dropped 3% to $24.18 by Friday’s close. Gill’s bullish views on GME previously sparked significant price increases in May and June.Since early June, Roaring Kitty scaled back on GameStop after boosting his holdings to 9 million shares and hosting his first livestream since 2021. As GME’s price dropped, Gill appears to have turned his attentio ...

NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of all persons and entities who purchased securities of GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) between May 13, 2024 and June 13, 2024, inclusive (the “Class Period”). The Complaint alleges that Defendant Keith Patrick Gill engaged in a pump-and-dump scheme, whereby he: (i) sho ...

While there are always dangers associated with stock market investing, one way to lessen possible losses is to select stocks likely to underperform. Here, the focus is on the core flaws of three businesses called out for having unsettling operational and financial data. These businesses consistently face falling sales, rising overhead, and failing to reach long-term profitability. For example, the first in the list continues to be unprofitable with consistent negative adjusted EBITDA and net losses despite ...

GameStop (NYSE:GME) is a video game retailer with serious problems but some stock traders are willing to overlook the company’s issues. That’s highly risky and I would compare buying GameStop stock to gambling in a casino. And never forget, the odds are always stacked against you at a casino. Sure, it was a cute story in 2021 when the financial media pitted meme stock traders against the big, bad short sellers. The joke isn’t funny anymore, though, and it’s not so cute when retail investors lose their hard- ...

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of GameStop Corp. (“GameStop” or the “Company”) (NYSE: GME) between May 13, 2024 and June 14, 2024, inclusive (the “Class Period”). For more information, submit a form at GameStop Corp. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, o ...