The rise of Opendoor Technologies was the biggest story in retail-trader circles over the summer. Since the start of July when hedge fund founder Eric Jackson posted his bullish outlook, shares of the online real estate company have surged more than 1,600%, rising from less than $1 per share to a high of $10.28 on…
Analysts say global financial markets are entering a euphoric but potentially dangerous speculative phase. Such phases are typically characterised by investor mania for so-called meme stocks, made popular on the share market by social media posts. But investors are also chasing after cryptocurrencies, gold and small-cap stocks, or stocks with relatively low prices. Adelaide woman…
For retail investors, the summer of 2025 is quickly turning into the latest meme stock moment. Stocks like Opendoor (OPEN), Kohl’s (KSS), and Krispy Kreme (DNUT) have replaced yesterday’s meme darlings like GameStop (GME), AMC (AMC), and now-shuttered Bed, Bath & Beyond as the latest market curiosities, treating investors to wild price swings with little…
NEW YORK (AP) — As the stock market pushes into record territory and bargains become harder to find, investors are once again turning to some of Wall Street’s beaten down companies in hopes of a quick score. The latest so-called meme stocks are the department store Kohl’s, which has surged this week, and the online-based…
Photo: Scott Olson / Staff (Getty Images) Even the world’s most prominent Trump supporter, Elon Musk, is displeased with the tariffs. Musk, who runs the Department of Government Efficiency (DOGE), spent the weekend criticizing the administration’s top trade adviser, Peter Navarro, and amped up his criticism Tuesday, saying Navarro is “dumber than a sack of…
GameStop (NYSE:GME) dropped 22% on March 27 after revealing plans to invest in Bitcoin (BTC-USD), triggering a surge in short selling and activating a short sale restriction on the New York Stock Exchange. The stock had briefly risen 12% after the announcement but reversed course as short volume jumped 234%, totaling nearly 31 million sharesits…
Why GameStop (GME) Shares Are Getting Obliterated Today Shares of video game retailer GameStop (NYSE:GME) fell 24.1% in the afternoon session after the company announced plans to raise up to $1.3 billion in convertible debt for corporate purposes, including acquiring Bitcoin. Yes, Bitcoin. The stock’s reaction suggested markets were struggling to reconcile the potential impact…
Meme stocks like AMC Entertainment and GameStop get their price spikes from exceptional buying interest. AMC announced its fourth-quarter results on Feb. 25. AMC and GameStop are known for volatile movements associated with meme stocks. Source link
Why Is GameStop (GME) Stock Rocketing Higher Today Shares of video game retailer GameStop (NYSE:GME) jumped 8.1% in the afternoon session after CEO Ryan Cohen shared a photo with Michael Saylor, co-founder and chairman of MicroStrategy, the largest corporate holder of Bitcoin. The post has sparked speculation that GameStop may be planning a move into…
Social media changed everything from news consumption to shopping. Now, Dub thinks it can do the same for investing through an influencer-driven marketplace where users can follow the trades of top investors with a few taps. Think of it as TikTok meets Wall Street. Founded by 23-year-old Steven Wang — a Harvard drop-out who began…