Tag: GME

  • This is Why You Should Never Chase Meme Stocks

    This is Why You Should Never Chase Meme Stocks

    What goes up must come down. Unfortunately, some of us learned that the hard way with meme stocks this week. Over the last few days, shares of AMC Entertainment ran from a low of $2.90 to a high of $11.88. All as “Roaring Kitty” sparked a flurry of meme stock buying activity.  And while it’s been fun to…

  • GameStop Just Announced a 4:1 Stock Split

    GameStop Just Announced a 4:1 Stock Split

    GameStop Corp. (GME) just announced a 4:1 split. All after the stock exploded from a low of about $3.15 to a current price of $117.43.  On the news, the GME stock is up another $10.46 in aftermarket to $127.89. “Shareholders of record at the close of business on July 18 will receive three additional shares…

  • This is Why GameStop Has Been on a Tear

    This is Why GameStop Has Been on a Tear

    GameStop (GME) has been explosive. After pulling back from about $120 to $80, the stock shot up to $138.22 within days. All after Chairman Ryan Cohen bought 100,000 shares, bringing his holdings to 11.9%. He paid between $96.81 and $108.82 per share. “I put my money where my mouth is,” Cohen tweeted. With that news,…

  • With WallStreetBets, Which Stock Could be Next?

    With WallStreetBets, Which Stock Could be Next?

    The GameStop short squeeze continues. This morning, GME is up another 100% to $310 a share on explosive volume.  It’s now a $20.22 billion company In just days.  Melvin Capital and Citron Research just closed out their short positions on the stock, fueling even more upside. At this point, the rally has reached a new…

  • WallStreetBets May Also Be Behind these Volume Spikes

    WallStreetBets May Also Be Behind these Volume Spikes

    GameStop (GME) is pushing even higher today. All thanks to an unstoppable short covering spree that’s sent the gaming stock from a low of $19.61 to a high of $159.18 in just days.  This morning, it’s up another $15 to $91.27. According to Screen Rant, “GameStop stock prices have exploded thanks to popular social media platform Reddit’s hottest…

  • Don’t Get Caught Holding the Bag with GameStop

    Don’t Get Caught Holding the Bag with GameStop

    GameStop (GME) shorts have been ridiculously squeezed. Over the last few days, the gaming stock exploded from $20 to a high of $159.18 on a massive volume spike of 105.9 million shares, as compared to average volume of 18.9 million. Two key announcements may be contributing to the rally. For one, the company announced a…