GameStop shares slide 16% subsequent Friday’s 40% sell-off

Critical Factors

GameStop shares fell far more than 16% on Monday.
GameStop introduced its earnings report days forward of program, reporting that product sales dropped 29% in the initial quarter.
In the meantime, meme stock champion Keith Gill hosted his first livestream in a handful of years Friday.

Supply

Finance

Bill Ackman’s IPO of Pershing Square closed-end fund is postponed, NYSE says

July 26, 2024

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square’s U.S. closed-end fund, according to a notice on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd, with the ticker PSUS, has […]

Finance

Stocks making the biggest moves midday: 3M, Dexcom, Sweetgreen, Texas Roadhouse and more

July 26, 2024

Check out the companies making headlines in midday trading: 3M — The stock skyrocketed more than 18% to hit a 52-week high after the maker of office supplies and adhesives reported stronger-than-expected quarterly results. 3M posted second-quarter adjusted earnings of $1.93 per share, exceeding an LSEG estimate of $1.68 per share. Its revenue also came […]

Finance

Frank Cappelleri on using charts to successfully navigate the markets

July 26, 2024

For Frank Cappelleri, technical analysis — reading charts to identify patterns in stocks and other assets — is not an art or a science. “It’s both.” That’s because, “I can look at an indicator and use a different way that someone else does,” Cappelleri, the founder and president of CappThesis, told CNBC’s Senior Markets Correspondent […]