GameStop and several other highly shorted stocks surged again Tuesday, while Home Depot slipped after earnings.
Wix (WIX) beat analyst earnings estimates and jumped 20%. Management is expecting revenue of $1.75 billion this year, and a profit. The software is popular with ad agencies and advertisers. Israeli website creator Wix (NASDAQ:WIX) beat earnings estimates, sending WIX stock up 20%. Wix earned $24 million, 41 cents per share fully diluted, on revenue of almost $420 million during the quarter. WIX stock opened today at $150 per share, a market cap of over $8 billion. That means shares are now up...
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US Banks Suffer $80BN Deposit Decline, Money Market Fund AUM Rise As Stocks Soar For the fourth straight week, money market funds saw inflows (+$16.4BN), pushing back towards record highs above the $6 trillion level - the highest level in a month - after the seasonal tax-related dip Source: Bloomberg Retail investors have piled into money funds since the Fed began one of the most-aggressive tightening cycles in decades in 2022. On the institutional side, about $2 billion of cash...
GameStop stock surged as much as 110% after 'Roaring Kitty,' who was credited with starting the 2021 meme stock frenzy, posted on X for the first time in three years.
GameStop stock was once again skyrocketing Tuesday before markets opened, a day after the return of Roaring Kitty — the American investor known for his Reddit posts — drove the shares sharply higher and brought meme stock mania back to the market. The video game retailer’s stock was up a whopping 120% in pre-market trading Tuesday morning. Posting under the name Roaring Kitty, Keith Patrick Gill is known for igniting GameStop’s massive meme stock short squeeze in 2021, then disappearing from...
Shares of Sinclair (NASDAQ: SBGI) were moving higher after the local
Shares of website design and e-commerce platform provider Wix.com (NASDAQ:WIX) jumped 21.4% in the morning session after the company reported a "beat and raise" quarter. Q1'24 revenue beat by a small margin but more convincingly on bookings. Wix also beat handily on the operating income line.
Meme stocks are back. One day after an account associated with the phenomenon posted for the first time in years on the X social media platform, shares in companies that have been linked to speculative trading activity are soaring in value. Leading the way is video game retailer GameStop, whose shares soared 74% in Monday trading to about $30 and were up another 93% in Tuesday morning trading before the opening bell. Other stocks rallying at eye-watering rates include AMC Entertainment...
Retail investor darlings GameStop and AMC soared on Tuesday, as posts from “Roaring Kitty” Keith Gill raised chatter about the return of the central figure behind the 2021 meme stock frenzy.
In Ghana, the Bank of Ghana launched the Sustainable Banking Principles Committee signalling the beginning of work on developing sustainable banking principles.
Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. For the first time in three years, a stock market frenzy involving video game retailer GameStop sparked up again. Keith Gill, known online as ‘Roaring Kitty’, posted an image of a man sitting forward in his chair holding a game controller yesterday, which in turn, sent stock prices surging overnight. In 2021, GameStop was struggling […]