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GameStop Stock Update: What's Driving Today's Prices?
MarketBeat· 2024-06-06 14:30
If fundamental investors are investigating, then the price action behind shares of GameStop Corp. NYSE: GME other than a few tweets that would be considered borderline stock manipulation from Keith Gill, A.K.A. 'Roaring Kitty.' This is not the first time Kitty has come on the scene to make GameStop stock soar.GameStop TodayGMEGameStop$32.88 +1.31 (+4.15%) 52-Week Range$9.95▼$64.83P/E Ratio1,644.82Price Target$7.00Add to WatchlistIn 2021, the online persona sent tweets and YouTube videos, making bold assumpt ...
GameStop Corp. Fundamental Company Report 2024 Including Financial, SWOT, Competitors and Industry Analysis
GlobeNewswire News Room· 2024-06-05 14:54
Core Insights - The report provides a comprehensive overview of GameStop Corp., including financial performance, SWOT analysis, and industry comparisons [1][2][3]. Group 1: Company Profile - The report includes key facts about GameStop Corp., such as ownership, senior executives, locations, subsidiaries, markets, products, and company history [2][3]. - Financial performance metrics are presented, including income statements, balance sheets, and cash flow statements on both annual and quarterly bases [2][4]. Group 2: Business Overview - GameStop Corp.'s business description covers major products and services, sales activities, and operational locations [3][4]. - The report outlines the company's market presence and sales strategies [2][3]. Group 3: SWOT Analysis - The SWOT analysis identifies GameStop Corp.'s strengths, weaknesses, opportunities, and threats [3][4]. - This section provides insights into the company's competitive positioning and potential challenges [2][3]. Group 4: Financial Analysis - Financial statements are detailed, including profitability ratios, margin analysis, asset turnover, credit ratios, and long-term solvency metrics [4][5]. - The report includes growth comparisons over the prior year and visual representations of financial ratios [4][5]. Group 5: Competitors and Industry Analysis - GameStop Corp.'s direct competitors are identified, along with a comparison of financial ratios and stock performance against these competitors [5]. - The report provides an analysis of the retail industry, highlighting GameStop Corp.'s position within the market [5]. Group 6: News and Events - The report includes an analysis of relevant news, public relations activities, and corporate events impacting GameStop Corp. [5].
Rising Retail Headwinds? Clues from Victoria's Secret and GameStop Preliminary Earnings
See It Market· 2024-06-05 13:57
The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon.April U.S. Retail Sales were below estimates, but other macro data show decent spending trendsAfter issuing preliminary earnings reports in May, Victoria’s Secret and GameStop hint at differing consumer vibesThe two firms also host shareholder meetings next week, potentially drawing further volatilityIt’s hard to paint the American consumer using one broad brush. Upper-end households seem to be doing fine, ...
Roaring Kitty Faces Trading Probe After GameStop (GME) Stock Frenzy
Investor Place· 2024-06-05 13:30
Keith Gill, alias Roaring Kitty, faces a probe by regulators in Massachusetts over his trades in GameStop (NYSE:GME) stock.Gill, who led the 2021 meme stock rally, recently bought a big block of GameStop common and options. He advertised the positions by posting them to X, formerly Twitter. He also showed a screenshot of his positions on Reddit’s Superstonks subreddit.GME stock rose 5.5% on June 4 but fell slightly overnight. It was due to open this morning at about $26.80 per share, a market capitalization ...
Forget GameStop, this stock is a perfect short-squeeze candidate
Finbold· 2024-06-05 09:51
GameStop and Short Squeeze Trends - GameStop (NYSE: GME) has been a hot topic due to renewed trading activity from Roaring Kitty, drawing attention away from other potential short squeeze targets [1] - Olema Pharmaceuticals (NASDAQ: OLMA) has seen a significant surge, with its stock price rising by 52.56% in the last five trading sessions, from $9.17 to $13.95 [1] Olema Pharmaceuticals' Stock Performance - Olema Pharmaceuticals' stock surge is not based on speculation but has viable reasons for success [2] - The company's stock has experienced sustainable gains, particularly in recent sessions [1] Pfizer's Breakthrough and Its Impact on Olema - Pfizer's (NYSE: PFE) drug PF-07248144, targeting histone lysine acetyltransferases (KATs), showed promising results in a Phase 1 trial, with a 'tolerable safety profile and durable antitumor activity' when combined with fulvestrant for HER2-negative breast cancer patients [3] - Olema's KAT6 inhibitor, OP-3136, is in preclinical development and works similarly to Pfizer's drug, potentially benefiting from Pfizer's breakthrough [3] - This development could significantly impact cancer treatment and bring impressive gains to Olema's stock [3] Analyst Opinions on Olema Pharmaceuticals - Oppenheimer analyst Matthew Biegler described Pfizer's findings as 'the most exciting Phase 1 results' and has an 'outperform' rating on Olema with a $21 per share target [4][5] - Biegler noted that Olema is the only other publicly traded biotech company studying KAT-6 and that its potential cancer therapy, OP-3136, 'looks better' [5] - Jefferies analyst Michael Yee highlighted KAT6 as a novel cancer target and expects interest in Olema to increase, with a 'buy' rating and a $30 target on OLMA [5]
GameStop, AMC Rally Fades Amid Reports E*Trade Is Considering Banning Keith Gill
Investopedia· 2024-06-04 19:25
Key TakeawaysMonday's rally in GameStop and AMC shares faded Tuesday following a report that Morgan Stanley’s E*Trade is considering banning Keith Gill from the trading platform.Gill, also known as "Roaring Kitty," was one of the key drivers of the 2020 and 2021 meme stock craze.Recent rallies fueled by Gill's social media posts raised concerns that he could stoke enthusiasm for the stocks with posts for his own gain, the Wall Street Journal reported. Monday's rally in GameStop (GME) and AMC Entertainment ( ...
Andrew Left Is Shorting GameStop (GME) Stock. Again.
Investor Place· 2024-06-04 18:31
Citron Research founder Andrew Left is back to shorting GameStop (NYSE:GME) after realizing a significant loss in 2021 doing the same thing. In fact, he shorted GME stock last month following the return of Roaring Kitty on social media but closed his position, only to restart it again.“I have covered my short from May, and then I re-shorted it today,” said Left in an interview with Bloomberg, adding that his current short is smaller than his short in May.Shares of the video game retailer soared higher yeste ...
GME Stock Alert: Roaring Kitty Held GameStop Shares as of June 3
Investor Place· 2024-06-04 15:49
Shares of GameStop (NYSE:GME) stock are in the red today despite a position update from Roaring Kitty on Reddit.Over the weekend, an account associated with Roaring Kitty — real name Keith Gill — posted a screenshot disclosing ownership of 5 million shares of GME as well as 120,000 $20 GME calls expiring on June 21. The positions were worth a combined $181.40 million at the time.After yesterday’s close, the account posted another screenshot on Reddit, this time disclosing that it had not sold out of its pos ...
How Roaring Kitty's wealth went from $53,000 to nearly $300 million — and could one day top $1 billion
CNBC· 2024-06-04 15:33
In this articleGMEPavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesAlmost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. Fast forward to this week, and his net worth has ballooned to over $289 million.The meme stock leader, who can move the stock by simply posting cryptic messages online, shared a screenshot of his portfolio Monday night, showing he held onto his 5 million shares of GameStop and 120,000 call options even after a 21% rally.He m ...
Goodbye, Roaring Kitty? E*Trade Considers Banning Keith Gill After New GME Stock Pop.
Investor Place· 2024-06-04 14:07
Morgan Stanley’s (NYSE:MS) E*Trade unit is considering banning Keith Gill, also known as Roaring Kitty, from its trading platform. Gill reignited the meme stock craze this May after buying call options in GameStop (NYSE:GME) stock and bragging about a 5 million share position on Reddit.GME stock is down about 7% as of this writing at about $25 per share, with a market capitalization of roughly $9 billion. A month ago, shares traded around the $12 mark. AMC Entertainment (NYSE:AMC), another meme stock from 2 ...