Mike Khouw talks GameStop options getting a boost on Roaring Kitty's post.
Did Roaring Kitty give meme-stock traders a Christmas present? While that isn't presently clear, GameStop (GME) fans did a little shopping of their own today.
Did Roaring Kitty give meme-stock traders a Christmas present? While that isn't presently clear, GameStop (GME) fans are doing a little shopping of their own this morning.
Did Roaring Kitty give meme-stock traders a Christmas present? While that isn't presently clear, GameStop (GME) fans are doing a little shopping of their own this morning.
Roaring Kitty tweeted again, and shares are rising.
Cryptocurrencies and stocks associated with “Roaring Kitty” rose Wednesday following the famed trader's apparent ‘Merry Christmas' wish.
While GME has risen almost $4 or 15% to $30.90 since the company announced its third fiscal quarter results nearly two weeks ago, the key takeaway is the basic story hasn't changed. Revenue continues to decline and it is bleeding money.
GameStop (GME) stock price has moved sideways in the past few months as investors assess its slow business trajectory and its strong balance sheet. GME was trading at $29.8, where it has been in the past few weeks.
GameStop (GME) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how GameStop (GME) and Cinemark Holdings (CNK) have performed compared to their sector so far this year.
GameStop Corp. shares jumped following the video game retailer's third-quarter results this week, although analyst firm Wedbush thinks that a return to profitability in the company's core business is unlikely.
It raises the question of whether Chewy and maybe even DJT are poised for another turn in the spotlight.