GameStop chairman Ryan Cohen just bought another 100000 shares of the video game retailer on Tuesday, bringing his ownership to 11.9%.
Just two weeks ago, Cohen revealed a big stake in Bed Bath & Beyond and pushed for a turnaround. The stock ended 2021 up more than 680%. Cohen cofounded pet-supply retailer Chewy and managed to turn it into a booming business.
GameStop shares jump Tuesday on heaviest volume since August 2021, after a Reddit post argues the stock is trading at a massive discount, and the other ...
Regardless of whether the tweets had readers picturing Aron in a powdered wig eating tiny pastries or not, Hycroft shares traded up almost 5.7% on the day on action that was almost three times its daily volume. “The post was on our radar in premarket due to that it was the most upvoted and most discussed post on WallStreetBets,” said Ivan Cosovic, founder of Breakout Point, a data group focusing on meme stocks. As it often does, the pump on GameStop led to price swelling on AMC shares, which closed up 15.1% on the day, after CEO Adam Aron spent the twilight hours ahead of the session tweeting insults at haters of his recent investment in Hycroft Mining, a Northern Nevada gold and silver mining company. While the trading day gave rise to the growing meme portfolios of GameStop chairman Ryan Cohen and AMC CEO Adam Aron, it was a morning move on GameStop that appears to have incited the buying spree. The stock closed at $94.20 on Monday, but after the Reddit post received a few thousand upvotes, GameStop shares became the belle of Tuesday’s market ball, closing up 30.7% on the day at $123.15, nudging it closer to Thump4’s target price. Thump4 used a chart of the stock’s implied volatility and some options projections on contracts that suggested a calls-to-puts ratio of almost 2 to 1 into 2024.
GameStop stock has been up sharply lately, in meme style. Here is why shares could be on their way to the moon for the first time in 2022.
Yes, GME could be heading to the moon again. And this is what seems to be happening. Could this be the beginning of another melt-your-face rally? They are unlikely to resolve in the immediate future. To be fair, the retailer delivered fiscal Q4 revenue growth of 6% that, while modest, topped expectations by two percentage points. By late afternoon on Tuesday, shares of the popular game retailer had climbed more than 30% in a single session.
Shares of GameStop closed up 30% today on seemingly no news. Here are five institutional investors helping to drive up GME stock.
On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. That’s an increase of five funds from the prior quarter. On top of this, Seeking Alpha notes that GME stock has seen an increase in out-of-the-money call buying. In addition, GameStop currently has an extremely high short interest as a percentage of float. Mentions on the forum up more than 400% over the past 24 hours. According to WhaleWisdom, which tracks all 13F filers, 275 funds hold GME stock.
Shares of GameStop (GME) are rallying sharply Tuesday without a clear catalyst, reminiscent of the moves at the height of meme stock trading a year ago.
In a gamma squeeze, call writers buy the underlying shares, increasing demand and boosting the price. Shares are looking at a sixth-straight session of gains and have erased all the losses seen this month. But market watchers have noted a pickup in out-of-the-money call buying, which could be producing a gamma squeeze effect.
Retail investors apparently aren't the only ones who think the stock has room to move up.
Cohen has said he would help transition the company from a brick-and-mortar business to more of an e-commerce model. But at the same time, it appears chairman Ryan Cohen was also purchasing shares. Sometimes these moves can be written off as just meme stock moves being driven by retail investors pushing each other to buy the stock on social media.
GameStop Corp. (GME) stock has risen 60.00% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
GameStop Corp. (GME) stock has risen 60.00% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. GameStop Corp. (GME) stock has risen 60.00% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
The stock price of AMC Entertainment Holdings Inc (NYSE: AMC) increased by 15.02% today. This is why.
Plus, there has been an uptick in out-of-the-money call buying for the meme stocks, causing a gamma squeeze and driving up the price. There are no company-specific news reports or regulatory filings that appear to be driving up the price so it seems like external factors are at play. The stock price of AMC Entertainment Holdings Inc (NYSE: AMC) increased by 15.02% today.
Rumor has it, WallStreetBets traders have started investing in the struggling retailer once again. Will we see another surge in GameStop stock?
Gill allegedly had 50,000 shares of GME in his possession already, which would now bring his total shares to 100,000.While it isn't clear whether Gill’s move to purchase more GamesStop stock was premeditated knowing the retailer would come up in Reddit discussions once again, it’s certainly possible.Was WallStreetBets responsible for GameStop’s historical rise in 2021?Given GME’s recent behavior, it wouldn’t hurt to keep a watchful eye on it — WallStreetBets traders and Redditors certainly are. As of March 22, GME reached over 400 mentions on the WallStreetBets subreddit — up from 115 mentions the day before.While GME has certainly gained traction on Reddit, WallStreetBets traders have already begun placing their bets with the stock back in February 2022 when GME took a dip. WallStreetBets community members not only spend their time speculating on market trends but also predicting stocks with potential.While there's a wide variety of topics discussed in the WallStreetBets forum, it appears GameStop stock has once again sparked the interest of some traders affiliated with this group. Read on to find out.Reddit WallStreetBets traders appear to be buying into GameStop stock again.WallStreetBets is a forum on Reddit that was founded by Jaime Rogozinski in 2012. By the end of the trading day, GameStop stock had risen more than 30 percent and continues to be a topic of discussion on the Reddit forum WallStreetBets. WallStreetBets traders have begun investing in the struggling retailer once again. The forum or subReddit is comprised of individuals interested or involved in investing, particularly in the stock market.
Chewy co-founder Ryan Cohen began building a stake in the company in late 2020.
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GameStop Corp. (NYSE:GME) saw an upside of 3.76% to close Monday at $94.20 after adding $3.41 on the day. The 5-day average trading volume is 4,501,360 ...
Analysts offering their rating for GME stock have a consensus rating for the stock as Underweight. Currently, 2 brokerage advisors rate GME as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. The stock’s 5-day moving average is $88.44, reflecting a +20.60% or $16.09 change from its current price. Let’s look briefly at GameStop Corp. (GME) price momentum from a technical analysis perspective. 0 rates the stock as overweight while 0 have offered a “buy” rating. However, the current price is down -72.67%% from the 52-week high price. For the quarterly period ending October 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts have a consensus price target ranging from a low of $23.00 and a high of $90.00, with their median price target at $58.85. Looking at these predictions, the average price target given by analysts is for GameStop Corp. (GME) stock is $57.68. The 5-day average trading volume is 4,501,360 shares of the company’s common stock. This transaction cost the insider $413,782. EBITDA for the quarter stood at more than -$142.8 million. Net income grew 154.58% to -$147.5 million, while revenue of -$105.4 million was 28.54% off the previous quarter. GameStop Corp. (NYSE:GME) saw an upside of 3.76% to close Monday at $94.20 after adding $3.41 on the day.