Smaller Investors Face Down Hedge Funds, As Gamestop Soars

NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Mon, 01/25/2021 - 1:18pm

NEW YORK (AP) — A head-scratching David and Goliath story is playing out on Wall Street over the stock price of a money-losing video game retailer. An army of smaller-pocketed, optimistic investors is throwing dollars and buy orders at the stock of GameStop — in direct opposition to a group of wealthy investors who are counting on the stock price to plunge. The resulting action is wild, with GameStop's stock soaring nearly 145% in less than two hours Monday morning, only for the gains to disappear quickly afterward. The struggling company based in Grapevine, Texas, has lost $1.6 billion over the last 12 quarters, and its stock fell for six straight years before rebounding in 2020.Read more on NewsOK.com

Topics: york ap david goliath wall street grapevine texas newsok a gamestop smaller investors stock price

Place your ad here
Loading...

BING NEWS:

GameStop’s stock skyrockets 29% to continue rally and register biggest gain in over a year
Short interest as a percentage of GameStop’s public float of shares is 22.5%, according to the latest exchange data. GameStop shares surged on trading volume of 36.17 million shares, well above their ...
05/3/2024 - 12:58 pm | View Link
Global hedge funds chase Hong Kong stocks rally, UBS says
Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a ...
05/2/2024 - 2:48 pm | View Link
Hedge funds are making a run for safety, says Goldman
Portfolio positioning data show a shift toward defensive stocks as investing pros turn skittish on rate uncertainty.
05/2/2024 - 2:00 pm | View Link
Hedge funds are ‘dead as a doornail,’ says chairman of ultra-rich investors' club Tiger 21
Hedge funds are "dead" as an investment asset class among members of Tiger 21, a network of ultra-high net worth investors, said founder Michael Sonnenfeldt.
04/30/2024 - 1:59 pm | View Link
Hedge Funds Step Up Purchases of Tech Stocks, Goldman Sachs Says
The risk-on momentum in technology stocks last week wasn’t lost on hedge funds, who scooped up the sector’s companies at the fastest clip in more than a year.
04/29/2024 - 2:47 am | View Link
More

More Movie News

More Business News

Momofuku Noodle Bar is turning 20. Here are 5 ways chef David Chang changed dining forever
Fast Company, Saturday - 05/04/2024 - 09:00 AM
Like it or not, whatever you’re planning to do for dinner tonight, David Chang probably had a hand in it. An unknown chef named David Chang opened a tiny noodle shop on a rundown stretch of First Avenue in New York. He had just turned 26.
More | Talk | Read It Later | Share
Your iPhone is about to become an ‘AI phone.’ What to expect from Apple’s iOS 18
Fast Company, Saturday - 05/04/2024 - 09:00 AM
If Apple launches an that LLM will run directly on the iPhone, as I expect it will, it’ll be a game-changer for the entire AI chatbot industry After a long delay, Apple is gearing up, finally, to embrace artificial intelligence in a big way on the iPhone. The company is expected to show off new AI-powered features for the iPhone’s upcoming operating system, iOS 18, next month at its annual Worldwide Developers Conference.
More | Talk | Read It Later | Share
Water branding has officially gone off the rails
Fast Company, Saturday - 05/04/2024 - 09:00 AM
With packaging that looks like beer and cigarettes, water is positioning itself as your next vice. Last summer, a new beverage brand hit the market. Accompanying the product release was a two-minute promotional video with some eye-catching details: a man in a skull mask cracking open a cold one to some death metal, a bikini-clad woman emerging from a lagoon in front of an industrial plant, and some seemingly intoxicated shenanigans in a kiddie pool.
More | Talk | Read It Later | Share
Proven practices to rewire your brain to help you live your best life
Fast Company, Saturday - 05/04/2024 - 09:00 AM
Ashish Kothari is the founder and CEO of Happiness Squad, a company launched in 2022 with the mission of helping people integrate the art and science of happiness into their lives. Previously, he spent 25 years in consulting, most recently as a partner at McKinsey & Company where he organized efforts in leadership, well-being, and […] Ashish Kothari is the founder and CEO of Happiness Squad, a company launched in 2022 with the mission of helping people integrate the art and science of happiness into their lives.
More | Talk | Read It Later | Share
Sneaker sales for Sambas, the 2023 ‘Shoe of the Year’, will likely peak soon, but Adidas has a plan
Fast Company, Saturday - 05/04/2024 - 09:00 AM
The German sportswear giant is preparing for the inevitable downward trend in Samba sales this year. As Adidas aims to build on hot demand for its three-striped white and black Samba and multicolored Gazelle sneakers, it’s also taking steps to prevent the shoes from becoming victims of their own success.
More | Talk | Read It Later | Share
The federal government can help cities help immigrants. Here’s how
Fast Company, Saturday - 05/04/2024 - 09:00 AM
Large cities such as New York, Miami, Denver, and Boston are struggling to house new arrivals and meet their basic needs. Immigration has become a defining issue in the 2024 elections and a major challenge in many U. S. cities. Over the past several years, wars and armed conflict, violent persecution and desperate poverty have displaced millions of people worldwide and propelled the arrival in the U.
More | Talk | Read It Later | Share

Smaller Investors Face Down Hedge Funds, As Gamestop Soars

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News