Enlarge (credit: Innocenti | Getty Images) Melvin Capital, the hedge fund that was wrongfooted by retail traders who drove up shares in GameStop and other companies it had bet against, lost 53 percent in January, according to people familiar with the firm’s results. The New York-based hedge fund sustained a $4.5 billion fall in its […]
Enlarge / Pop goes the bubble… (credit: Aurich Lawson / Getty Images) Last week, an epic short squeeze had driven GameStop stock up to $40 a share, a roughly 1,500 percent increase from its low point nine months ago. Little did anyone know at the time that this would only be the beginning of the […]
This summertime, investor Nathan Anderson acquired a hot tip. The topic: Nikola Corp. {On June 4, the Phoenix-based electric-vehicle manufacturer had gone {} a reverse osmosis. |} At a year of euphoric requirement for growth stocks, especially EV manufacturers, this one dropped out. Nikola bulls thought that the firm would perform for hydrogen-powered, long standing trucking […]