Enlarge (credit: GameStop) Two of 2021’s strangest trends are coming together Thursday evening as GameStop’s stock surges on a report that it is working to establish an NFT and cryptocurrency marketplace alongside partner game developers and publishers. The news, first reported by The Wall Street Journal, suggests GameStop has a 20-person unit working on the […]
Enlarge / *Glass-breaking noise* (credit: Aurich Lawson) Back in January, when we attempted to explain the meteoric rise of GameStop’s stock price , all of us wrote a lot of words about the potential role of a short squeeze on what was happening. The theory was that a large number of short sellers were being […]
Enlarge / Amazon leases its fleet of planes from a handful of cargo airlines, some of which have signed contracts that give the retailer the right to buy stock in the company. (credit: Jason Alden/Bloomberg) Amazon is making some vendors and suppliers offers they can’t refuse. As part of large contracts with the retailer, companies […]
Enlarge / Q-Bert can’t tell what the @!#?! is going on with GameStop stock, either… (credit: Aurich Lawson / Getty Images) GameStop’s stock price is approaching the historic highs it reached during the zenith of its meme-stock volatility in January. The stock’s steady increase over the last months comes as the company prepares to announce […]
Ryan Cohen in 2019, probably contemplating ways to turn around struggling brick-and-mortar retailers… Struggling video game retailer GameStop announced Thursday that it intends to name Chewy.com co-founder Ryan Cohen as chairman of its board of directors following its next stockholder meeting on June 9. The move seems likely to further encourage some investors who continue to […]
Enlarge / It may take more than one bad earnings report to pop this bubble… The last time GameStop announced its quarterly earnings, in early December, the stock market valued the video game retailer at about $1 billion. Following a worse-than-expected earnings report released Tuesday night, the company now has a market cap of just […]
Enlarge / HODL! (credit: Getty Images) GameStop’s stock price saw yet another sudden surge in late trading hours on Wednesday. After opening at 44.70 that morning, the price shot up from $52.41 at 3pm to $91.71 just before the market closed at 4pm. That 75 percent increase in a single hour was followed shortly after […]
Enlarge / Hi, yeah, how much can I get by trading in this slighty used share of GameStop stock? (credit: Getty Images) At the beginning of the year, the stock market as a whole valued video game retailer GameStop at roughly $1.15 billion. By the close of trading on January 27, at the height of […]
Enlarge / Ready, take aim, and let fly… (credit: Aurich Lawson / Getty Images) As the price of heavily shorted stocks like GameStop has shot up in recent days, so, too, has interest in retail trading apps like Robinhood. That app, launched in 2013 with a promise to “democratize finance for all,” offers so-called retail […]
Enlarge / Apple’s global headquarters in Cupertino, California. (credit: Sam Hall/Bloomberg via Getty Images) The last 24 hours have overflowed with stock market news, from the normal to the nutty, but based on Apple’s performance in recent quarters, the earnings the Cupertino company reported today for its first quarter of 2021 were very much on […]