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“#Reddit’s ‘meme stock’ crowd is launching a Super PAC” The WallStreetBets crowd is angling to get into the political game. A pair of part-time stock traders has launched a Super PAC to “amplify the voice of the retail investor” as the rise of Reddit-fueled “meme stocks” like GameStop has rattled big hedge funds and caught…
“#How it built a $30B kid-friendly gaming business” Roblox just became Wall Street’s hottest new tech stock — but your kid was probably a fan already. The Silicon Valley company behind a massive world of social video games went public Wednesday after a year of explosive growth. Roblox shares started trading at $64.50 apiece, giving…
“#GameStop stock extends win streak into sixth day” GameStop shares tried to hang onto a sixth straight day of gains Wednesday as the mother of all meme stocks took investors on yet another wild ride. The video-game retailer’s stock price exploded as much as 41 percent to $348.50, a level not seen since the unprecedented retail trading…
“#GameStop stock surges for 5th day with other ‘meme stocks’” GameStop shares soared their highest level in more than a month Tuesday as the video-game retailer’s pivot to e-commerce added more fuel to Reddit’s favorite “meme stock.” Shares in the Texas-based company surged 26 percent to a peak of $246.35 on their fifth consecutive day…
“#Hedge funds hit hard by Reddit Rally bounced back in February” Some of the hedge funds hardest hit by January’s populist short squeeze have already begun recovering from the pain inflicted by retail traders looking to topple Wall Street, The Post has learned. At least three funds hurt by manic moves in stocks like GameStop…
“#GameStop stock surges as investor Ryan Cohen takes on bigger role” GameStop’s stock price soared Monday as the the struggling video-game retailer revealed that activist investor Ryan Cohen had taken charge of its turnaround. Shares in the Texas-based chain jumped 11 percent to $153.00 in premarket trading as of 8:35 a.m. after it announced that…
“#GameStop booster ‘Roaring Kitty’ testifies before regulators” Keith Gill, the social media persona known as “Roaring Kitty,” whose online posts helped spark January’s trading frenzy in GameStop shares, appeared before Massachusetts securities regulators on Wednesday to testify as part of an examination into his activities. Massachusetts Secretary of the Commonwealth William Galvin, the state’s top…
“#Woman leaves NSFW item on display when boyfriend’s mom visits” She should probably try to iron out a few kinks before the next visit. A woman shared a humiliating tale on Reddit that should serve as a warning to us all: Clean the house before the in-laws come to visit. In the saga, which has…
“#‘Share-plunge’ GameStop traders serve valuable function” It feels wrong to hope that a company goes out of business and its stock craters to zero, which is why short sellers — the traders who make money when stocks tank — are treated with disdain in many corners of Wall Street and now increasingly in Washington. But…
“#Some GameStop traders think stock will surge to $800 in one day” Some GameStop traders think the so-called meme stock will build on this week’s surprise surge — by skyrocketing to $800 in a single day. The most popular GameStop options contract on Thursday was a bet that the shares would climb to that price…