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BREAKING: Both $AMC and $GME are up over 130% pre-market adding another $14.5 BILLION of market cap today. Gamestop is now officially one of the 500 largest public companies in the US. This morning, AMC Entertainment announced that they would be raising $250 million in equity. Over the last 2 days, these stocks have added over $20 billion in market cap. Truly insane.

GameStop (GME) was up 74% on Monday during regular trading hours, and closed at $30.45...In After Hours trading, on Tuesday early AM, it has been up as much as 49% at $45.00...Is it pure hype?...Or, the greatest Short Squeeze anyone has seen for a long time?...Extreme buyer caution advised...At the $30 close yesterday, the GME Price/Earnings Ratio was 1,400...The median P/E for the S&P 500 is around 18

The surprise social media return of the trader who helped ignite the meme stock frenzy in 2021 sent GameStop shares skyrocketing Monday. The surge had nothing to do with the troubled company’s fundamentals — and everything to do with a cartoon of a gamer that the trader, nicknamed Roaring Kitty, shared on X. GameStop shares surged 74% on Monday after the account run by Keith Gill shared a meme on X, marking its first post in three years. The shares skyrocketed by more than 110% earlier and were halted for volatility several times on Monday morning. Short sellers have seen...

Things got heated with the "It's Ma'am" guy who tried to follow this father's daughter into the women's restroom. Watch the Chad Dad protect his little girl! [Warning: Language] The dad even gives the trans guy a stern talking to: "You are a man, start acting like a man... You're a man! Act like one! Why are you acting this way? I'm a man. So are you." I love it! Of course, "It's Ma'am" guy responds just the way you'd expect: "No, I'm not...I was born intersex, dude. In case you don't know what that is, I was born with...

ORLANDO, Fla. - Police released new videos Tuesday in an effort to find the suspects accused of burglarizing a GameStop store in Orlando Monday morning. In the security footage provided by the Orlando Police Department, a silver Hyundai Tucson SUV can be seen being driven backward through the store's front glass. At least two suspects are then seen rummaging through the store, including its stockroom. The suspects got away with more than $1,200 worth of Microsoft Xbox consoles and gaming accessories, according to a case report. Authorities said the incident resulted in $60,000 in damages. Police said the incident happened...

A federal grand jury indicted seven Twitter users and a podcaster Wednesday on behalf of the Securities and Exchange Commission, charging the eight men with conspiracy to commit securities fraud. The eight influencers are alleged to have used their presence on social media platforms Discord and Twitter to run a “pump and dump” scheme from at least January 2020 to April 2022. So-called meme stocks mentioned by their accounts included GameStop and AMC...

GameStop on Monday announced the long-awaited debut of its online marketplace for nonfungible tokens, or NFTs, in a bid to reinvent its business and cash in on consumer adoption of cryptocurrencies and blockchain technology.

Shares of GameStop jumped more than 8% in extended trading Wednesday after the retailer said a 4-for-1 stock split was approved by its board.

Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks last year and on wagers on growth stocks this year.

Melvin Capital, the embattled hedge fund run by its once high-flying founder Gabe Plotkin, has been discussing a novel plan with its investors under which the firm would return their capital, while giving them the right to reinvest that capital in what would essentially be a new fund run by Plotkin.

Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for $43 billion, the company announced Friday. The board voted unanimously to adopt the plan. Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval, other shareholders will be allowed to purchase additional shares at a discount. The plan is set to expire on April 14, 2023.

Investors in GameStop are back on board a volatile roller coaster more than a year after the so-called "meme stock" phenomenon nabbed headlines in early 2021. While GameStop's recent highs are not nearly as close to the surge last year (when its stock hovered around $400 a share at one point), experts have said the company's stock price far exceeds what the retailer is actually worth. "It's hard to make this argument that the price is worth more than $80," said Kevin Mullally, an assistant professor of finance in the College of Business at the University of Central Florida. On...

Maybe the new meme is open-market stock purchases by insiders. GameStop (ticker: GME) just saw its third insider stock purchase in as many days, and shares of the videogame retailer soared last week on news of the big buys. GameStop has a high profile as one of the meme stocks, highly volatile shares that rocketed last year as investors egged each other on to buy on social media and other platforms.

Key Points The department store industry's recovery will soon be capped by waning interest that was declining well before the pandemic surfaced. Commodity metal prices are elevated right now, but both the supply and demand forces at work are both set to weaken sooner than most anyone anticipates.

GameStop (NYSE:GME) quickly became one of the hottest meme stocks during the pandemic. Since mid-2020, it has gone from penny-stock status to a high of more than $480 over a six-month timespan.

2021 has been a very weird year. Inflation has boomed (highest in 40 years) after the election of Joe Biden as President of the USA (called it Bidenflation). Then we have The Federal Reserve barely acting on the booming inflation (keeping rates at 25 basis points while withdrawing the COVID-related monetary stimulus). Then we have the rise of cryptocurrency Ethereum and the surge meme stocks such game store GameStop, a favorite of the internet site Reddit. Given the volatility of GameStop (Reddit-inspired), you can see the strange shape of GameStop’s volatility surface. By contrast, gold is now where it was...

I love how The Federal Reserve talking heads, the media, economists like Paul Krugman, all refer to inflation as “transitory” and excessive liquidity as “temporary.” Let’s look at a variety of alternative investments to the S&P 500, GameStop, Bitcoin, Ethereum and Gold after The Federal Reserve’s and Federal government massive (over)reaction to COVID in early 2020. Gold is the first asset to surge after M2 Money surged, but has declined since. Game Stop had a big surge (likely due to positive vibes on Reddit), but has been volatile and generally falling since “The Surge.” Bitcoin had a delayed surge as...

Thieves reportedly targeted a Neiman Marcus store on Chicago’s Magnificent Mile and a GameStop on the South Side on Friday night as protesters took the streets to oppose Kyle Rittenhouse’s’ acquittal. At the Neiman Marcus, a group of 15 men reportedly rushed into the department store and left in three vehicles with their stolen merchandise. The protests in Chicago remained largely peaceful, according to FOX 32. "We have to protest tonight to show these right-wingers, to show the system that we won’t back down," demonstrator Shavvir Manjee told the station. "Because the precedent that they’re setting is that these armed...

The original meme name, GameStop (NYSE:GME) stock, is holding pretty solid, shedding just 9.7% of value in the last month. Shares still have a mouth-watering one-year return of 3,410.15%.

Hello FRiends! I started following the GME - Game Stop - saga back in February. I missed the early boat - <10 per share, but my millennial age son talked me into buying a share. I was hooked as I "averaged down" from my first around 300 to several when it dropped below 50. It didn't make sense. Why buy a stock that kept going down? Why buy a stock that every online financial article and tv finance station said to sell? (Trump is done, Biden/Hillary, etc are inevitable) They all said, congratulations to the "retail" (populist), now it is...