Slideshow ( 2 images )(Reuters) – Shares of Reddit-darling GameStop Corp fell more than 13% before the bell on Wednesday, a day after the videogame retailer said it may raise funds through a share sale. Wedbush analysts downgraded the stock
The stock market frenzy surrounding videogame store, GameStop seemed to come out of nowhere. Last week, armchair investors, armed with easy-to-use trading apps, used social media to drive up the share prices that multiple billion-dollar hedge funds had bet against.
LONDON (AP) — The price of silver is rallying as the online trading movement fuelling the rise of unloved shares like GameStop took a shine to the precious metal. Silver futures jumped 11% on Monday to about $30 per ounce
As amateur investors banded together this past week to squeeze Wall Street hedge funds by sending GameStop’s stock prices to dizzying heights, some novice traders, like 10-year-old Jaydyn Carr of San Antonio, have seen their long-term investments pay off. In
Even during a calm stretch on Wall Street, the stock market contains pockets of madness. But these days have been anything but calm. One word captures it: GameStop. It’s no longer just the name of a chain of video game
(Reuters) – The battle between small-time traders and hedge funds that has shaken U.S. and European stock markets moved into Asia on Thursday, with surges in several Australian companies joining a list of social-media hyped moves that have cost financial