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May 4, 2021

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GameStop shares jump after the Reddit favorite raises $551 million in stock sales

CNBC
CNBC – For more and to sign up click here GameStop‘s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored by the Reddit retail trading crowd, jumped 15%......

Stocks making the biggest moves after the bell: Tesla, Snap, GameStop & more

CNBC
CNBC – For more and to sign up click here A man walks in front of a GameStop store in the Jackson Heights neighborhood of New York City, New York, Jan. 27, 2021. Nick Zieminski | Reuters Check out the companies making headlines after the bell on Monday: Tesla —......

How meme stocks like Gamestop and AMC changed Wall Street

CNBC
CNBC – For more and to sign up click here The GameStop frenzy in late January forced Wall Street to pay attention to retail investors like never before. The r/WallStreetBets community piled into the video game retailer’s stock and options, triggering a short squeeze and leaving short sellers with huge......

Value investor Bill Miller says his firm sold GameStop holdings during initial Reddit frenzy

CNBC
CNBC – For more and to sign up click here Value investor Bill Miller told CNBC on Tuesday that one of his firm’s funds sold its GameStop holdings during the Reddit-fueled frenzy that began earlier this year. “We had GameStop in our deep-value product, and I think our cost on it was......

Stocks making the biggest moves midday: Peloton, GameStop, Harley-Davidson and more

CNBC
CNBC – For more and to sign up click here A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making......

GameStop shares jump after CEO steps down, ‘Roaring Kitty’ raises stake

CNBC
CNBC – For more and to sign up click here Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters GameStop rallied on Monday after the brick-and-mortar video game retailer announced its succession plan as it seeks......

‘Roaring Kitty’ acquires more shares in GameStop – Bloomberg

Reuters
The man known as “Roaring Kitty” on social media, whose online posts helped spark January’s trading frenzy in GameStop Corp (GME.N), exercised call options on the stock to acquire 50,000 more shares at a strike price of $12, Bloomberg reported. Bloomberg cited a screenshot of Keith Gill’s portfolio showing that......

Betterment sees record growth, as GameStop frenzy ‘shines a light’ on investing

CNBC
CNBC – For more and to sign up click here Betterment launched a new savings option in 2019. Source: Betterment Trading apps aren’t the only ones benefiting from the rise of meme stocks. Betterment, a digital investment advisor, said it saw record growth in the first quarter of 2021. Despite......

‘Roaring Kitty’ stands to rake in millions on his GameStop options bet Friday

CNBC
CNBC – For more and to sign up click here The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters It could be a big pay day for Keith Gill, the Reddit......

Exclusive: GameStop initiates search for new CEO – sources

Reuters
(Reuters) – GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from being a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. FILE PHOTO: A GameStop store is seen in the Jackson Heights neighborhood......

GameStop shares jump after company says it plans to name Ryan Cohen chairman

CNBC
CNBC – For more and to sign up click here Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. John Minchillo | AP GameStop announced Thursday that the Chewy co-founder Ryan Cohen will become its chairman following......

GameStop erases a 14% loss and turns green after the Reddit favorite plans a $1 billion stock sale

CNBC
CNBC – For more and to sign up click here John Smith | Corbis News | Getty Images Shares of GameStop climbed into positive territory after tumbling by double digits at one point Monday after the video game retailer said it may sell up to $1 billion worth of additional shares following......

Stocks making the biggest moves in the premarket: Tesla, GameStop, Roblox & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla delivered nearly 185,000 vehicles during the first quarter, a record for the company and more than 10,000 about consensus forecasts. The stock jumped 7.6%......

GameStop hires Amazon executive as chief growth officer in e-commerce shift

Reuters
FILE PHOTO: A GameStop store is pictured in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File Photo/File Photo/File Photo (Reuters) – GameStop Corp said on Tuesday it named Amazon.com Inc executive Elliott Wilke as chief growth officer, the latest top level appointment after......

GameStop shakes off earnings slump, soars 50% to snap recent slide

CNBC
CNBC – For more and to sign up click here GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the video game retailer rose more than 50% and showed that their wild swings are not yet over. The stock slumped 33% in the prior......

Cramer says GameStop remains overvalued, despite promising Q4 report

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Wednesday said there’s promise in GameStop‘s turnaround story, though he thinks the company remains overvalued after its most recent quarterly report. “I’m much more of a believer than I was yesterday, but I also think you’re......

Jefferies dramatically increases GameStop price target

Reuters
(Reuters) – Two months after a stock-buying frenzy sent shares of GameStop surging, analysts at Jefferies have raised their price target on the company nearly twelve-fold, making them a standout among those that cover the video game retailer. FILE PHOTO: A man walks in front of a GameStop store in......

Stocks making the biggest moves in the premarket: Intel, GameStop, ViacomCBS & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Intel (INTC) – Intel said it would spend $20 billion to build two new plants at existing facilities in Arizona, in an effort to grab more market shares......

Stocks making the biggest moves after the bell: GameStop, Intel, Steelcase & more

CNBC
CNBC – For more and to sign up click here A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images Check out the companies making headlines after the bell on Tuesday: GameStop – Shares of the video......

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