Social media forum Reddit Inc. NYSE: RDDT made headlines during the 2021 meme stock frenzy as its popular wallstreetbets forum led small investors into shares of GameStop Co. NYSE: GME, fueling its historic short squeeze. The company went public through an IPO on March 21, 2024, rising to a $74.90 peak the following day and falling to a low of $37.35 just a few days later.
Do you trade stocks for excitement and thrills, or to make money and actually keep it? This is a question for sensible investors to consider as GameStop (NYSE: GME ) is certainly garnering attention in 2024, but not for all the right reasons.
Meme stock madness has returned to Wall Street after a three-year hiatus, with Roaring Kitty (a.k.a. Keith Gill) drawing in massive crowds online with his big bets on GameStop (NYSE: GME ) stock.
After weeks of surging through the hype, GameStop's (NYSE: GME ) fanfare appears to finally be subsiding. Now, retail investors are more aware of this stock's risks in times of short squeezes and meme frenzy.
Meme stocks are back in the spotlight with the resurgence of Keith Gill, aka Roaring Kitty, on social media after a three-year break. His return reignited interest in meme stocks like GameStop Corp GME, AMC Entertainment Holdings Inc AMC, and others, causing a significant surge in their prices.
Gamestop's CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday.
GameStop shares remain volatile after the company's annual meeting and amid updates from "Roaring Kitty" on the value of his stake in the troubled video game retailer.
GameStop (NYSE: GME ) held its delayed annual meeting for shareholders on Monday, June 17. The anticipation was palpable.
Details of a cost-cutting program laid out by CEO Ryan Cohen didn't help much.
GameStop Corp.'s stock fell 1.7% early Tuesday, as investors continued to digest the company's short annual meeting a day earlier that wrapped up in about 20 minutes.
Another week has past and GameStop's (NYSE: GME ) stock has grown more volatile, putting investors further at risk. On June 12, GameStop stock plunged 25% on reports that investor Keith Gill, who goes by the online handle “Roaring Kitty,” exercised most of the 120,000 call option contracts he had.
Roaring Kitty brought meme stocks back to life. His first post in three years in mid-May caused GameStop (NYSE: GME ) shares to triple in value almost overnight.