Meme stocks were one of the biggest trends on Wall Street in 2021. Plenty of traders made a killing trading stocks like AMC Entertainment Holdings Inc. and GameStop Corp. and meme cryptocurrencies like Dogecoin. AMC shares are on track to finish 2021 up more than 1,250 percent, GameStop shares are up 707 percent year-to-date, and…
Missed out on AMC, GameStop, and Dogecoin in 2021? Here’s Why That’s OK
Read Why Ascendiant Is Bearish on GameStop
Ascendiant analyst Edward Woo lowered the price target on GameStop Corp. to $23 from $24, implying an 84.9 percent downside, and reiterated a Sell. “Reddit trading” may rally the shares in the near term, but this will likely fade in 2022 as digital threats increase, given the company’s “weak” earnings outlook, Woo tells. Recent reports by video…
Is It Time to Sell Stock in These 10 Top Performers of 2021?
December 18, 2021
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This year has been a great year for stocks overall, with the SPDR S&P 500 ETF Trust on track to finish the year up more than 24 percent. Unfortunately, some stocks that started off the year red-hot are limping into the close of the year as investors cash out of their gains and rebalance their holdings…
BZ Chart Of The Day: GameStop Crashes Into a Wall of Sellers
In financial markets price levels that were previously support can convert into resistance. That’s why the GameStop Corp. rebound may have halted. This conversion happens because of buyer’s remorse. In August, the $150 level was support for GameStop. There was a large number of buyers and they put a floor under the price and a rally…
Reddit ‘Confidentially’ Files for IPO
December 16, 2021
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Reddit, which showed the world the power wielded by retail investors when grouped together on social media, said that it has filed for an initial public offering, in a year that has seen major tech stocks fare extremely well. “Reddit, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1…
Chart Wars: What Will It Take for AMC and GameStop to Buck the Downtrend?
AMC Entertainment Holdings Inc. and GameStop Corporation have both been trading in bearish downtrends since Nov. 23, making consistent lower highs and lower lows. On Monday, AMC and GameStop plummeted about 15 percent and 16 percent, respectively, and on Tuesday both stocks were attempting to erase some of their losses. The two retail favorites were…
5 Short Squeeze Candidates to Watch: Petros Pharma Tops List With 254 Percent Cost to Borrow, One of Highest Figures on Record
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 looking…
Is GameStop’s Stock Powering Down? A Technical Take
GameStop Corp. shares are trading lower Monday alongside other meme stocks. The stock is continuing to slide lower after the company’s quarterly earnings report last Wednesday showed a 30 percent revenue boost, but a large widening loss-per-share. GameStop was down 1.23 percent at $137.96 at time of publication. GameStop Daily Chart Analysis Shares look to…
Doge, GameStop, and Mega Millions Among the Most Googled News Stories of 2021
Google kept up its tryst with the year-end tradition of releasing the Google search trends, and it’s no wonder that meme stocks and meme cryptos that rose to prominence in 2021 found a place among the top 10. Lottery Game, Stonks, and Cryptos Make the Cut The top news search in the United States for…
Is GameStop’s Stock Overvalued or Undervalued?
GameStop Corp. shares have left the S&P 500 in the dust in 2021, generating a year-to-date total return of 1,060 percent. GameStop’s stock has had a wild ride in 2021, but investors may be wondering whether there’s any value left in GameStop shares. Earnings A price-to-earnings ratio (PE) is one of the most basic fundamental…
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