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The 3 Best Meme Stocks to Buy in August 2024
Investor Place· 2024-08-06 18:00
The story of the video game retailer GameStop (NYSE:GME) shook up the information space and gave small investors faith in their ability to beat the industry giants. Over time, the list of best meme stocks has changed, and the very definition of the term has changed along with it. However, informal discussions and agreements among stockholders can still set the tone for the market. The hype on the Internet can both raise the price of an asset and negate the company’s long history of development. The public i ...
GameStop's Silence Speaks Volumes: Why You Should Be Wary of GME Stock
Investor Place· 2024-07-31 18:00
GameStop (NYSE:GME) stock is up 64% in the past six months. But just try finding timely information about the company. GameStop stock has just two analysts covering it. Yet it has an average daily volume of over 14 million shares. That’s seven million shares per analyst. Nvidia (NASDAQ:NVDA) has an average daily volume of 261 million shares, about 19x GameStop. Yet, it has 62 analysts covering it, which works out to about 4.2 million shares per analyst. As a retail investor, you’ve got better odds staying i ...
GameStop (GME) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-07-30 06:50
The most recent trading session ended with GameStop (GME) standing at $23.67, reflecting a -1.91% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.12%, and the technology-dominated Nasdaq saw an increase of 0.07%.The video game retailer's stock has dropped by 2.27% in the past month, falling short of the Consumer Discretionary sector's loss of 1.74% and the S&P 500's loss of 0.21%.The investment community will be p ...
GME Red Alert: Sell GameStop Stock Now Before It's Too Late
Investor Place· 2024-07-27 19:05
Grapevine, TX-based GameStop (NYSE:GME) is a global operator of video game retail stores, with an online presence as well. The company focuses on the U.S. market, but has presence in Canada, Australia and Europe under other banners, selling a range of gaming products as well as other collectibles and technology at its locations.That said, it’s become increasingly clear that meeting consumers where they are is the most important. With gamers increasingly buying their games and accessories online, it’s unclea ...
GameStop (GME) Advances But Underperforms Market: Key Facts
ZACKS· 2024-07-23 06:52
In the latest market close, GameStop (GME) reached $25.22, with a +1% movement compared to the previous day. This change lagged the S&P 500's 1.08% gain on the day. Meanwhile, the Dow experienced a rise of 0.32%, and the technology-dominated Nasdaq saw an increase of 1.58%.The video game retailer's stock has climbed by 4.35% in the past month, exceeding the Consumer Discretionary sector's loss of 0.91% and the S&P 500's gain of 0.43%.Market participants will be closely following the financial results of Gam ...
Roaring Kitty vs. Risks: Why Investors Should Avoid GameStop Stock Now
Investor Place· 2024-07-18 18:15
文章核心观点 - GameStop公司正在努力转型,从传统的视频游戏零售业务向收藏品等新业务拓展 [5][6][7] - 但是公司能否通过这些新业务实现持续的股价增长仍存在很大不确定性 [8] - 投资者对GameStop股票的看法存在分歧,一些人持谨慎态度 [1][2] 根据相关目录分别进行总结 GameStop公司动态 - GameStop股价在过去一周上涨约8%,超过纳斯达克指数0.43%的涨幅 [3] - 公司推出了一项收藏品活动,奖励获得罕见的梅西球员卡 [6] - 这反映了公司正在努力拓展业务,从传统视频游戏零售向收藏品等新领域转型 [7] Roaring Kitty的影响 - Roaring Kitty(Keith Gill)在2021年推动了GameStop股票的暴涨 [9] - Gill最近增加了对GameStop的投资,持有900万股价值2.33亿美元 [4] - 但Gill最近一个月未发声,引发了一些疑问,投资者担心他可能已经转向其他"记忆股" [10][11][12][13] GameStop股票前景 - 对于长期投资者来说,GameStop等投机性资产并不适合作为合适的投资 [14][15] - 公司目前的估值难以得到基本面的支撑,存在较大风险 [15][16] - 因此建议投资者谨慎对待GameStop股票,无论是做多还是做空都是一种高风险策略 [16]
Why Are GameStop And Kitty-Themed Memecoins Trading Higher Today? Read On
Benzinga· 2024-07-17 11:54
Loading...Loading...Cryptocurrencies linked to legendary trader “Roaring Kitty" surged higher Tuesday on high short interest in meme stock, GameStop Corp. GME.What Happened: GameStop GME/USD, the Solana SOL/USD-based meme coin that pays tribute to the historic 2021 short squeeze, jumped 10% in the last 24 hours. Additionally, Kitty AI KITTY/USD shot up 25%, with a 10% jump in 24-hour trading volumes. Both of these memecoins have no fundamental ties to GameStop or Roaring Kitty but are just playing on the sp ...
GameStop (GME) Stock Pops as Ryan Cohen Endorses Trump
Investor Place· 2024-07-17 00:04
GameStop (NYSE:GME) stock is on the climb this week after Chief Executive Ryan Cohen publicly endorsed Republican presidential nominee Donald Trump on Saturday. Indeed, Cohen posted a simple “Trump 2024” post on X, formerly Twitter, following Saturday’s assassination attempt on the former president.Trump 2024 🇺🇸— Ryan Cohen (@ryancohen) July 13, 2024 The post has invited divisive reactions from investors and political fans alike. Indeed, while some X users expressed approval of the surprise advocation, othe ...
Is GameStop Stock Really Worth $11 Billion? No.
Investor Place· 2024-07-16 18:10
GameStop (NYSE:GME) stock has swung wildly since Roaring Kitty returned to social media to reiterate just how much he likes the video game retailer. And though shares are down sharply from those peaks, what may not be clear to many is that GameStop stock continues to trend higher.Just because it is not acting like a moonshot doesn’t mean the stock isn’t still rising. GameStop is down 61% from its May high point but up 161% from their April lows. More importantly, after the initial frenzy died down, GameStop ...
GameStop (GME) Rises Higher Than Market: Key Facts
ZACKS· 2024-07-13 06:51
GameStop (GME) closed at $26.05 in the latest trading session, marking a +1.88% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.63%.The video game retailer's stock has dropped by 12.19% in the past month, falling short of the Consumer Discretionary sector's loss of 0.99% and the S&P 500's gain of 4.28%.Analysts and investors alike will be keeping a close eye on the perfor ...