GameStop Corp
Bed Bath & Beyond soars as much as 70% as meme traders talk up Ryan Cohen’s call options purchase
A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond shares soared Tuesday as retail traders active on social media piled into the stock, encouraged by news that GameStop Chairman Ryan Cohen placed another bet on the struggling […]
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Don’t bet against short sellers in this market, Jim Cramer warns
CNBC’s Jim Cramer on Tuesday warned investors to avoid buying money-losing stocks in a bet against short sellers. The market went in favor of short-sellers on Tuesday after the major indices fell. The market teetered earlier in the day as it digested disappointing financial reports from companies and prepared for key inflation numbers later this […]
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Surging Bed Bath & Beyond shares downgraded by Baird on ‘latest meme stock frenzy’
Investors should steer clear of shares of Bed Bath & Beyond , especially after the stock’s “latest meme stock frenzy,” according to Baird. Analyst Justin Kleber downgraded the home retail stock to underperform, saying in a note to clients that shares look unattractive at these levels. “Shares have surged 148% since July 27, including +86% […]
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Bed Bath & Beyond shares jump more than 50% as message board mentions soar on the troubled, heavily shorted stock
A view of a Bed Bath and Beyond store in Daly City, California. Justin Sullivan | Getty Images Shares of Bed Bath & Beyond jumped nearly 60% on Monday as meme traders seemed to be betting on the stock despite any apparent catalyst for the move. The heavily shorted stock, which has tumbled more than […]
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The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough
JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle […]
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The $300 billion meme stock that makes GameStop look like child’s play
The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters Think the meme stock mania is so 2021? Just take a look at AMTD Digital. The little-known Hong Kong-based fintech firm saw its shares skyrocket 126% Tuesday […]
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Walmart’s slashed profit outlook sends warning about state of the American consumer
A Walmart Inc. logo is displayed on a sign that reads “Everyday Low Price” at a store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of retailers including Macy’s, American Eagle and Amazon fell Tuesday, a day after Walmart slashed its profit forecast and warned […]
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From Gap to GameStop, there’s a retail executive exodus underway — and more departures are coming
Shoppers explore a mostly empty mall in Columbus, Ohio. Matthew Hatcher | Getty Images Don’t expect the stream of departures from retailers’ C-suites to stop anytime soon. Already this year, Gap and Bed Bath & Beyond abruptly replaced their CEOs as the companies’ sales plunged. GameStop fired its chief financial officer in the middle of […]
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GameStop launches NFT marketplace as it hunts for growth in digital-fueled turnaround
NurPhoto | NurPhoto | Getty Images GameStop on Monday announced the long-awaited debut of its online marketplace for nonfungible tokens, or NFTs, in a bid to reinvent its business and cash in on consumer adoption of cryptocurrencies and blockchain technology. The platform, which is now open to the public for beta testing, allows users to […]
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Stocks making the biggest moves midday: Upstart, WD-40, Vita Coco and more
The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Upstart — The consumer lender’s shares tumbled by more than 20% after […]
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