Chewy founder Ryan Cohen has achieved a cult-like following in the meme-stock community for his efforts to save the video-game merchandiser GameStop, a frequent target of short-sellers that had soared to massive heights as it defied smart-money expectations to stay out of bankruptcy. And yet Cohen has one of the lowest public profiles in corporate America … Read more
Keith Gill, the stock influencer known as Roaring Kitty, has dissolved his entire stake in pet products retailer Chewy, a filing with the Securities and Exchange Commission showed Tuesday. Chewy’s shares fell nearly 2% in extended trading. Known for his cryptic posts, Gill uses platforms like YouTube and Reddit to disclose his trading positions. In July, … Read more
“Bond King” Bill Gross is known for his aggressive bond investing strategies and is accredited with democratising the fixed-income securities market by making it accessible to all investors. He co-founded Pacific Investment Management Company (PIMCO) and worked to make it the biggest active fixed-income fund management firm globally. Before PIMCO, trading bonds were rare and … Read more
Famed meme-stock trader “Roaring Kitty” flopped in a hotly anticipated live YouTube broadcast — failing to stem a selloff in GameStop shares that was sparked by a dismal earnings announcement from the video-game retailer. Meme stock influencer Keith Gill — also known on Reddit under the handle “DeepF—–gValue” — confirmed his position as a major … Read more
Why are GameStop shares on the rise again? Why are GameStop shares on the rise again? 05:11 GameStop remains a hot property among retail investors eager to snap up the “meme stock,” but its financial results continue to cool. The video game seller on Friday reported a loss of $32.3 million on revenue of $882 … Read more
This week, the return of ‘Roaring Kitty’ and the subsequent rally in meme stocks like GameStop and AMC have made headlines. Roaring Kitty’s re-emergence has also electrified the crypto world – with meme coin traders looking to benefit from the speculation. From established tokens to new presale projects, here are five meme cryptocurrencies seeing sizable … Read more
One of the top hedge funds in the world bought a sizable stake in GameStop just a few weeks before shares surged as much as 400% in the latest “meme stock” rally, a regulatory filing showed Wednesday. Renaissance Technologies, the quant firm founded by legendary investor Jim Simons, who died last week, bought just over … Read more
There’s a general feeling among Wall Street’s top players that 2024 is going to be a really insane year — far eclipsing 2023 in terms of crazy town. That says something, of course. In 2023, lots of weird stuff went down: A former president, who might be our next president, was criminally indicted a bunch … Read more
