Tag: Stock Market
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I came across a shocking fact this morning: 28% of Americans bought a meme stock like GameStop or AMC in January: Over a quarter of American adults say they bought GameStop (GME) or another viral stock in January, according to a new survey from Yahoo Finance and The Harris Poll.…
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We are seeing strong options activity on Palantir Technologies, Inc., which is a darling of the Reddit crowd: On CNBC’s “Options Action,” Mike Khouw said about 610,000 contracts traded in Palantir Technologies Inc on Wednesday and calls outpaced puts by about three to one. The most active calls were the…
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Stock mania has gripped the US throughout the year. And now it’s spreading to Asia, where trading volumes are rising far faster than even in the US: The value of stock trades matched on exchanges, in what is known as electronic order-book trading, gives a sense of the trend. Such…
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Congress is investigating whether traders on Reddit’s Wallstreetbets colluded to drive up the price of GameStop, possibily illegally. But two major legal precedents are on the side of Wallstreetbets: In the DRW case, the CFTC argued the defendants’ orders for a swap contract were “inherently manipulative” because the defendants “understood…
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As Rocket Companies jumped over 70% yesterday, short sellers are feeling the pain: A surge in the shares of U.S. mortgage provider Rocket Companies on Tuesday is estimated to have inflicted losses of $813 million on short-sellers, data from financial analytics firm Ortex showed. More here. Given that this is…
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Shares in Rocket Companies jumped over 70% today, and that optimism is also reflected in the options market: RKT stock was one of the most active stocks in the options market yesterday with total volume of over 365,000 contracts. Call option volume outpaced puts by a ratio of 6-to-1. Overall…
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Rocket Companies, a mortgage originator, has returned solid profits in 2020’s hot real estate market: Boosted by the boom in mortgage refinancing activity, the company had $15.7 billion in total revenue, or more than triple its $5.1 billion revenue in 2019. Its net income, or profit, skyrocketed to $9.4 billion…
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Government bond yields are increasing in many countries, including the US. Australia is already taking action. Europe and Japan also appear to be close: This morning, Australian three-year government bond yields reached as high as 0.15% at the market open, far above the 0.1% ceiling established by the Reserve Bank…
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Buy GameStop! New research indicates that bots are pumping GameStop shares on Twitter, Facebook, and Instagram: PiiQ said it identified very similar daily “start and stop patterns” in the GameStop-related posts, with activity starting at the beginning of the trading day, followed by a large spike at the end of…
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+ Business+ Blockchain, Cryptocurrency, Dogecoin, Gamestop, Investing, Markets, Reddit, Stock Market, Stocks, Wallstreetbets+
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As COVID forced AMC to close all its movie theaters in the spring of 2020, it played hardball with its landlords in order to survive. From a letter to landlords: “Without revenue from its theatres,” the letter continues, “AMC will cease paying rent and charges under the lease effective as…
Tremendous 