• Home
  • Contact Us
  • Privacy & Policy
Tuesday, May 24, 2022
Finances Advise
No Result
View All Result
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
No Result
View All Result
Finances Advise
No Result
View All Result
Home Investing

GameStop shakes off earnings slump, soars 50% to snap recent slide

by admin
March 28, 2021
in Investing
0
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the video game retailer rose more than 50% and showed that their wild swings are not yet over.

The stock slumped 33% in the prior session after the company reported disappointing fourth-quarter results and failed to give in-depth detail about its turnaround plans. GameStop also disclosed that it was considering selling more stock.

That was the fifth-straight negative day for the name after closing near $210 per share on March 17. The stock rose 52.7% to close at $183.75 on Thursday.

There was no apparent news driving Thursday’s price action. GameStop has been the most high-profile “meme stock,” which are popular among retail traders on Reddit and other social media platforms.

GameStop famously rocketed above $400 per share in January before dropping roughly 90% in less than a month.

Other popular Reddit trades also bounced higher on Thursday, with Koss climbing 57% and AMC Entertainment gaining 21%.

GameStop is a traditional brick-and-mortar retailer that is attempting to pivot into e-commerce, led in part by board member and Chewy co-founder Ryan Cohen. Most recently, the company hired Jenna Owens, a former Amazon and Google executive, as its new chief operating officer.

The company, which has largely been quiet about the violent gyrations in its stock price this year, has seen several executive roles turn over as it gears up for its transition.



Source link

Tags: earningsGameStopshakesslideslumpsnapSoars
  • Trending
  • Comments
  • Latest

A 48-year market vet warns that the Fed will be forced to tighten policy ‘way sooner’ than investors anticipate as inflation continues to soar — triggering a stock market crash of up to 80%

August 28, 2021
27-year-old UG graduate now millionaire proposes to girlfriend on b’day in video

27-year-old UG graduate now millionaire proposes to girlfriend on b’day in video

August 9, 2021

‘It’s begging to be destroyed’: A stock trader who says he made more than $100,000 shorting the market during the 2008 crash just bet against the S&P 500 — and warns there’s a ‘fair chance’ stocks are about to drop 25%

September 11, 2021

Stocks tanked in the first quarter, and new research shows there should be a reversal by the end of June

April 15, 2022

Climate Company Flowcarbon Raises $70M Through A16z-Led Round, Sale of Carbon-Backed Token

0

Uber Hacking: Customers Not at Risk of Financial Crime, Says Minister

0

Black Friday Merchants Look to Extend Moment of Retail Optimism

0

Hotshot Snapchat Founders Face a Dilemma: Lie Low or Live Large?

0

Climate Company Flowcarbon Raises $70M Through A16z-Led Round, Sale of Carbon-Backed Token

May 24, 2022

Coinbase Enters Fortune 500 List of Biggest US Companies

May 24, 2022

Best Buy shares rise after electronics chain’s sales top expectations

May 24, 2022
USD/TRY Forex Signal: Continues to Free Fall

USD/TRY Forex Signal: Continues to Free Fall

May 24, 2022

Recent News

Climate Company Flowcarbon Raises $70M Through A16z-Led Round, Sale of Carbon-Backed Token

May 24, 2022

Coinbase Enters Fortune 500 List of Biggest US Companies

May 24, 2022

Categories

  • Bitcoin
  • Block chain
  • Business
  • Commodities
  • Ethereum
  • Financial Advisors
  • Forex
  • Investing
  • Litecoin
  • Market Insider
  • Personal Finance
  • Stocks

Site Navigation

  • Home
  • Contact Us
  • Privacy & Policy

We bring the Best and latest Crypto News

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.