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“#GameStop soars 100 percent as Reddit’s WallStreetBets board crashes” The mother of all meme stocks is acting up again. Shares in GameStop skyrocketed 103.9 percent on Wednesday, with almost all of that action bubbling up in the final hour of trading. The bizarre rally resulted in shares of the video-game retailer being halted with less…
“#Ken Griffin expected to testify at House ‘Reddit Rally’ hearing” Congress is eyeing both Main Street and Wall Street to testify at its upcoming “Reddit Rally” hearing, including billionaire trader Ken Griffin. The hearing before the House of Representatives on Feb. 18 is expected to include testimony from Griffin, founder and CEO of investment giant…
“#Clover Health shares dip as SEC probes short-seller allegations” The Securities and Exchange Commission is following up on a critical report about Clover Health by short-selling specialist Hindenburg Research and has told the insurance company to preserve any relevant documents. Clover, backed by venture capitalist Chamath Palihapitiya, said Friday it would cooperate with the request from the…
“#Clover Health stock drops on allegations it’s facing DOJ probe” The King of SPACs is under fire from a short-seller gunning for a crown of his own. Shares in Clover Health were down more than 12 percent on Thursday after an excoriating report from an up-and-coming short seller that raised serious questions about billionaire Chamath…
“#Short-seller Andrew Left says his firm will drop the practice” As the craziest short squeeze in stock market history rages on, one of the most outspoken voices in the short-selling world is throwing in the towel. Andrew Left, founder and CEO of Citron, announced via a video on social media that after 20 years his…
“#GameStop trading craze lifts shares of mining firm with same ticker” A tiny West Australian mining company has been caught up in the GameStop investing craze — thanks to a ticker symbol that matches that of the video game retailer. GME Resources, which trades on the Australian equities trading platform (ASX) under ticker symbol GME,…
“#GameStop up another 134% as officials raise possibility of foul play” The “Reddit rally” continued full steam ahead on Wednesday as officials began to question whether they are dealing with a populist market insurrection or something more sinister. Shares GameStop and AMC Entertainment posted one-day gains of 134 percent and 301 percent respectively — just…
“#Why GameStop is surging and what it means for the stock market” GameStop is among a handful of previously unloved companies whose shares are spiking in recent weeks. They’re being fueled by an unruly crowd of individual investors on chat forums like Reddit. Here’s what you need to know. Why is GameStop up? GameStop was…
“#GameStop shares soar 93 percent as frenzy continues” Individual investors continued to pile into niche stock market plays on Tuesday, causing a scramble by short-seller funds to cover losing bets, with companies like GameStop skyrocketing 93 percent — the fourth straight day of increases — even as others caught up in the buying frenzy reversed…
“#GameStop short seller says he’s being threatened by its investors” This is one sick game. Investors piled into shares of GameStop on Friday, sending the video game retailer up 51 percent in an apparent effort to squeeze out a short seller who says he’s being threatened and harassed for predicting that GameStop’s shares are going…