Tag: Reddit
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It’s no secret that GameStop shares are way up this year, despite recent struggles: This could be an opportune time for the company to sell more shares to fund its transformation from a brick-and-mortar to a digital business. Indeed, the company hints at this in their latest annual report, just…
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+ Business+ Day trading, Finance, Gamestop, GME, Investing, Meme stocks, Reddit, Stock Market, Stocks, Wallstreetbets+
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The volatility in shares of GameStop Corp. has been widely reported, but just how volatile they’ve been this year truly boggles the mind. I found this gem in their annual report, which was just released this week: …from January 11, 2021 to March 17, 2021, the closing price of our…
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Digging into GameStop Corp.’s annual report today, which just came out after yesterday’s market close, a couple numbers really stuck out to me: Sales are down 40% in 2 years Shareholder equity is down 80% in 2 years And lest we blame COVID for all of this, note that the…
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I came across an incredible stat while doing a little research on Palantir Technologies, Inc today: The company has only ~125 customers despite being in the business for nearly two decades and as a result, it’s not diversified enough. Right now, the top 20 clients generate 70% of the overall…
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GameStop’s chief customer officer is resigning from the video-games retailer, per a Tuesday Securities and Exchange Commission filing released hours before the company announced its 2020 earnings. The filing said that Frank Hamlin, who also serves as executive vice-president, would leave the company on March 31, following a transition period.…
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Many investors are excited about Chewy founder Ryan Cohen joining the GameStop Corp. board and helping the company transition to e-commerce. But what isn’t as widely known is that GameStop has tried this before, with abysmal results: Wall Street and short sellers placed heavy bets against GameStop because of strategic…
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+ Business+ Day trading, E-commerce, Finance, Gamestop, GME, Investing, Reddit, Stock Market, Stocks, Video games, Wallstreetbets+
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I came across an incredible stat on the video game industry this morning. In just nine years, it’s gone from almost entirely physical to almost 100% digital: Physical video game sales from computers & consoles have made a dramatic shift since 2009. In 2009 physical sales still accounted for 80%…
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Congress held a second hearing on the mania in GameStop Corp. shares yesterday. It focused on the business model used by Robinhood and other brokers popular with retail traders, which is called “payment for order flow.” In this system, companies that execute trades (such as Citadel Securities) pay the broker…
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Short sellers are abandoning their positions as the market reaches new highs: Short interest in U.S. stocks fell to just 2.95% by the end of February, S&P Global Market Intelligence says. That’s down 45 basis points from the short interest level at the end of 2020 when it was 3.4%.…
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+ Business+ Finance, Gamestop, Investing, Meme stocks, Reddit, Short sellers, Stock Market, Stocks, Wallstreetbets+
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GameStop Corp. soared in January as short sellers were squeezed by a legion of buyers from Reddit’s Wallstreetbets. The shorts had to buy in order to close out their positions and stanch the bleeding, driving the stock even higher. It seems they’ve learned their lesson. Short selling of GameStop shares…
Tremendous 