• Q4 GDP Growth Revised Higher to 4.1%

    1 month ago - By Crossing Wall Street

    The GameStop saga returned to the market yesterday and today. At 2:30 pm yesterday, GameStop was going for just under $50 per share. At 4 pm, the stock closed at $91.71. This morning, Game Stop got as high at $170 per share.
    The rally was apparently sparked by an ice cream cone tweet from Ryan Cohen. This tweet somehow had a cryptic message. Anyway, I have a feeling this story isn't over.
    We had some good economic news this morning. Q1 GDP was revised slightly higher to growth of 4.1%.
    The National Bureau of Economic Research is the official dater of recessions. They say when a recession...
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  • GameStop short-sellers have lost $1.9 billion in just 2 days amid the stock's latest spike

    GameStop short-sellers have lost $1.9 billion in just 2 days amid the stock's latest spike

    1 month ago - By Business Insider

    Summary List Placement
    Short sellers lost $664 million on Wednesday as GameStop shares spiked 104% in the final 30 minutes of trading, S3 Partners said.
    The stock's 84% intraday gain on Thursday fueled another $1.19 billion in mark-to-market losses.
    Reddit traders revived the GameStop rally this week on new hopes the company can reinvent itself.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Nearly one month after GameStop's leap to record highs, Reddit traders are boosting the meme stock all over again. And just like in the January rally, short-sellers are...
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  • GameStop short-sellers have lost $1.9 billion in just 2 days amid the stock's latest spike

    GameStop short-sellers have lost $1.9 billion in just 2 days amid the stock's latest spike

    1 month ago - By Business Insider

    Ethan Miller/Getty Images
    Short sellers lost $664 million on Wednesday as GameStop shares spiked 104% in the final 30 minutes of trading, S3 Partners said. The stock's 84% intraday gain on Thursday fueled another $1.19 billion in mark-to-market losses. Reddit traders revived the GameStop rally this week on new hopes the company can reinvent itself. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Nearly one month after GameStop's leap to record highs, Reddit traders are boosting the meme stock all over again. And just like in the January rally, short-sellers are...
    Read more ...