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Meme Stock Euphoria Goes Bust as Group Drops to All-Time Low

(Bloomberg) — A basket of so-called meme stocks that took Wall Street by storm at the start of 2021 slumped to a record low this week, erasing the last vestiges of the retail-investor driven rally that made them famous. The group of 37 retail trading favorites tracked by Bloomberg extended a four-day slide on Tuesday, […]

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GameStop
Meme Stocks
WallStreetBets
WallStreetBets Reddit

GameStop Split Brings a Hint of Meme-Mania to Friday’s Trading

(Bloomberg) — A proposed stock split by GameStop Corp. brought back echoes of peak-meme mania days to trading forums on Friday, with investors snatching up shares in the company and other retail favored-names. The video-game retailer jumped as much as 14% in New York before erasing gains to trade close lower Friday after it said […]

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Entertainment
Meme Stocks
Wall Street
WallStreetBets
WallStreetBets Reddit

AMC Entertainment Mixes Popcorn, Metals in Mining Bet

(Bloomberg) — AMC Entertainment Holdings Inc. said it’s buying 22% of a gold and silver mining company, marking an unorthodox move for the world’s largest movie-theater chain and a past darling of meme-stock investors. The cinema giant is investing in Hycroft Mining Holding Corp. alongside Eric Sprott, a gold and silver investor, AMC said in […]

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Compliance and Regulatory Reporting
GameStop
HODL
Meme Stocks
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SEC Response to Meme-Stock Mania Coming Next Week, Gensler Says

(Bloomberg) — The Securities and Exchange Commission is set to consider new stock trading rules in what would be the Wall Street regulator’s most direct response yet to last year’s wild trading in GameStop Corp. and other meme stocks. SEC Chair Gary Gensler said Thursday that the agency is preparing to take up a range […]

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Meme Stocks
Reddit Stocks
Robinhood
WallStreetBets
WallStreetBets Reddit

Robinhood Investors Have Been Fleeing: These Charts Show Why

(Bloomberg) — Robinhood Markets Inc.’s free fall has stopped, at least for now. After losing more than two-third of its value since the company’s initial public offering, the stock erased early declines Friday, a day after reporting fourth-results that missed Wall Street estimates. The shares rose 52 cents to $12.13 at 12:54 p.m. in New […]

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Meme Stocks
WallStreetBets
WallStreetBets Reddit

On the 1-year anniversary of the big short squeeze, GameStop bulls tried to relive their first attack, and that’s the problem

It has been one year since retail traders began their unprecedented move on GameStop stock GME sending the price soaring and short sellers scattering, creating both a Wall Street panic and the “meme stock” phenomenon. And the year that followed was indeed a wild one, giving birth to a new classification of equities, fostering even […]

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Meme Stocks
WallStreetBets
WallStreetBets Reddit

Meme stocks: 'A lot of people will lose a lot of money,' Interactive Brokers founder says

It’s been roughly a year since GameStop (GME) began overtaking headlines and a ‘meme stock’ phenomenon was born. However speculative assets have been under pressure recently amid rising inflation and a more hawkish-toned Federal Reserve. “I do hope that investors will refocus on fundamental values,” Thomas Peterffy, founder of Interactive Brokers told Yahoo Finance Live. […]

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GameStop
Meme Stocks
Reddit Stocks
Robinhood
WallStreetBets
WallStreetBets Reddit

A 27-year-old truck driver just became Robinhood’s first big headache of 2022

Less than a week into the new year, a 27-year-old truck driver from Connecticut might have given Robinhood HOOD a whole new thing to be worried about in 2022. On January 6, an arbitrator for the Financial Industry Regulatory Authority ruled that the zero-commission trading platform was liable for $29,460.77 in compensatory damages to Jose […]

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Meme Stocks
Reddit Stocks
WallStreetBets
WallStreetBets Reddit

Take that, meme stocks!

Retirees and near-retirees have every reason to gloat over the stunning losses that meme stocks have suffered in recent weeks. That’s because earlier this year, when meme stocks were all the rage, the graybeards were dismissed as irrelevant has-beens. They just didn’t “get” the meme stock phenomenon; their concerns about earnings and balance sheets were […]

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Meme Stocks
Reddit Stocks
WallStreetBets
WallStreetBets Reddit

WallStreetBets Jokes of Pumping Reddit Stock After IPO Filing

(Bloomberg) — It took approximately zero seconds for Reddit users to dissect the social media platform’s short announcement on Wednesday that it had filed for a confidential initial public offering. On WallStreetBets, the subreddit responsible for igniting this year’s meme stock craze, the pile-ons were plentiful, the profanity more so. Many members worried that a […]

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GameStop
Meme Stocks
WallStreetBets
WallStreetBets Reddit

You Don’t Have to Believe in a Turnaround to Believe in GameStop Stock

It seems like people just can’t get enough comeback stories lately, whether it’s Apple TV+ hit Ted Lasso or my favorite investment turnaround story right now: GameStop (NYSE:GME). GameStop Stock: Is The Tide Turning For GME Stock? Source: Shutterstock GameStop holds the esteemed title of favorite turnaround play despite the fact that I’ve gotten this […]

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