Former GameStop Corpemployee Trevon Mack prosecuted the video game retail company in a proposed class-action lawsuit for allegedly violating New York Labor Law, the Polygon reports. Mack and his lawyer asserted that GameStop workers qualify as “manual laborers,” suggesting that 25 percent of their jobs require manual labor, like organizing stockrooms, moving packages, and standing for…
GameStop Faces Class Action Lawsuit For Alleged Breach Of Labor Law—Read Why
GameStop Trading Halted 4 Times Owing to Dramatic Movements
Trading of GameStop stock was halted by Nasdaq four times on May 12 as the share price kept rising and falling dramatically amid the index registering a decline. GameStop shares were halted at around 10:14 a.m., 10:20 a.m., 10:25 a.m., and 10:31 a.m., with the stops followed by resumption of trading a few minutes later,…
GameStop Is Surging Again on First Stock Split in 15 Years
Shares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years. The Grapevine, Texas, company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million, so it can implement a stock split in…
Could GameStop Reach $400 Again? Technically Yes and Here’s Why
GameStop Corporation gapped down slightly on Thursday before experiencing volatility, which caused the stock to fluctuate over 7 percent during the first hour of trading. The stock has experienced a massive rebound lately, after falling about 70 percent off its Nov. 3, 2021 high of $255.69 to reach a March 14 low at the $77.58,…
AMC, GameStop Remain ‘Dangerously Overvalued’ a Year After Meme Stock Frenzy: Analyst
One year has passed since the rise of “meme stocks” that included triple-digit increases in the prices of GameStop Corp. and AMC Entertainment Holdings Inc. While both stocks have come down from peaks in 2021, there could be more room to fall, according to a new report. What Happened In January 2021, one of the…
Robinhood Allows Employees to Work Remotely Permanently
Stock trading app Robinhood plans to allow a major portion of its employees to work remotely on a permanent basis, following a similar shift by tech companies in the face of COVID-19 related uncertainties on returning back to offices. “For a large segment of our employees, there will be no location or regular in-office requirement,…
GameStop Enters NFT Market
New reports indicate that GameStop has taken steps to develop a marketplace for non-fungible tokens (NTFs), marking the latest development in its ongoing effort to transform its core business. A source familiar with the matter told The Wall Street Journal that the video game retailer has hired over twenty people to facilitate the creation of “an online…
A Weak Quarter at Bed Bath & Beyond, and Shares Soar
Losses widened at Bed Bath & Beyond as a tangled global supply chain continued to squeeze sales and the home goods chain lowered expectations for its final fiscal quarter, and also its full-year revenue. At the opening bell, however, shares of the company that have been grouped with other meme stocks of beaten down companies,…
2021 Was The Year Of Dogecoin: A Month By Month Retrospective With Top Stories
One of the biggest storylines for cryptocurrency in 2021 was the rise of Dogecoin. Benzinga took a look back at the popular meme coin to see what the top storylines were for Dogecoin in each month in 2021. January Start Price: $0.0047 End Price: $0.0349 High Price: $0.0779 Dogecoin started 2021 trading under $0.01 per coin. The…
5 Short Squeeze Candidates to Watch: Biofrontera Rejoins and Tops List, 2 New Names Enter Leaderboard
Potential short squeeze plays have gained steam in 2021 with new retail traders looking for the next huge move. GameStop Corp. and AMC Entertainment Holdings are two high-profile examples of short squeezes earlier this year. A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be…
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