A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose roughly 50% and showed that their wild swings are not yet over. The
Jason Kempin | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. GameStop — Shares rose 31% in midday trading as the volatile video game retailer stock looked to snap a losing streak and curb steep losses from the prior session. GameStop, which reported fourth-quarter earnings on Tuesday, is
When the coronavirus first touched down uninvited onto our country, one of the worst-hit sectors was retail stocks. This of course is no surprise to anyone with a functioning brain cell. At the time, we didn’t know much about the new virus — and clearly, there’s much to learn. Therefore, when state governments imposed lockdown
Over the counter (OTC) stocks refer to securities transacted via a dealer network instead of on a centralized exchange such as the Nasdaq or New York Stock Exchange. These exchanges have less severe financial-disclosure requirements and are also known as “pink sheets,” referring to the color of paper on which stock prices were printed before
News of it obtaining regulatory approval for its flagship product has sent Second Sight (NASDAQ:EYES) stock to the moon. Where’s this retinal health play headed from here? That’s the question on the minds of investors, who likely weren’t aware of this company before its game-changing news. Source: Who is Danny / Shutterstock.com After surging from
Have you ever wondered what it would be like to go on the hit TV show, Shark Tank? In our interview with Stephan Aarstol, Stig and Preston ask him insider questions and also what it’s like to be a business owner with billionaire Mark Cuban. The episode generated some good discussion about search engine optimization
Today we’re going to take a look at investing in IPOs or initial profit offerings. Investing in IPOs is something that people are often attracted to because they think that company could be the next Google, it could be the next Facebook or the next Microsoft, and as those companies increase their value in the
Despite what the oil bears might think, energy stocks will recover and I’m taking a look at a couple well-positioned for the future.
Cryptocurrency Hard Forks vs. Airdrops: An Overview If you’ve followed the cryptocurrency world for even a short time, it’s likely that you’ve heard both the terms hard fork and airdrop come up before. Perhaps you’ve even seen the totals in your digital currency wallet increase for no apparent reason at all and then discovered it was
A Fidelity Investments location in New York. Scott Mlyn | CNBC Fidelity Investments is preparing to launch its own bitcoin fund as the investment giant works to cement its clout in the market for digital assets and virtual currency. FD Funds Management, a subsidiary of Fidelity, said on Wednesday that it plans to provide financial
A logo of GameStop seen in Stephen’s Green Shopping Centre in Dublin. Artur Widak | NurPhoto | Getty Images Check out the companies making headlines in midday trading. GameStop — Shares of the brick-and-mortar retailer tanked 17% after failing to give investors enough details about its turnaround plan and acknowledging in a filing that it
Opendoor (NASDAQ:OPEN) has jumped 150% since its June IPO. With a market cap of over $16 billion, Opendoor is now valued more than online real estate competitor Redfin (NASDAQ:RDFN) and nearly half of Zillow (NASDAQ:Z). But despite a red-hot housing market, I’m not chasing OPEN stock. In fact, I think it’s heading for a blow-up
Red-hot Ocugen (NASDAQ:OCGN) stock has cooled off a bit lately. Right now, it appears that investors in OCGN stock are in wait-and-see mode. What are they waiting for? A few key catalysts that could take this stock much higher. Source: luchschenF / Shutterstock.com Indeed, shares of the pre-clinical biopharmaceutical company have traded sideways over the past
There aren’t many better growth stories in the market than The Trade Desk (NASDAQ:TTD). But the TTD stock price suggests investors have forgotten that fact. Source: Shutterstock/ Bella Melo From December highs, the stock has fallen more than 25%. It’s down 15% in just the last four weeks. There are some reasons why. The biggest
Credit Suisse bank. NurPhoto | NurPhoto | Getty Images One Wall Street firm may have found a solution to the unhappiness of overworked junior bankers amid a boom in deals activity: Money. Credit Suisse executives told mid- and entry-level investment bankers Wednesday that they were getting special $20,000 bonuses in the second quarter, and that
It was a bad day for Cathie Wood. And it was a very strange trading day. For weeks, stocks have been held hostage to Treasury yields, particularly the 10-year. As yields moved up, stocks, particularly high-multiple megacap stocks, moved down. If yields dropped, tech rallied. That relationship has broken down. Yields have been down three
Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Wednesday: KB Home – Shares of the homebuilding company slid 3% after the company reported mixed fiscal first-quarter results. KB home reported earnings
The epic rise in Palantir’s (NYSE:PLTR) stock price started way before “meme stocks” became a thing. Back in November, on the heels of President Joe Biden’s election, investors aggressively bid up the stock, betting this big-data company’s ties with the incoming administration would pay off big time. But, as the momentum from this “Biden boost”
After Ayro (NASDAQ:AYRO) announced a promising partnership and unveiled a new electric vehicle (EV) that I believe has a great deal of potential, the outlook of AYRO stock continues to be very favorable. Source: Alexandru Nika / Shutterstock.com Further, certain aspects of Ayro’s recent sales of its new shares bode well for its stock price.
Marathon Digital Holdings (NASDAQ:MARA) formerly Marathon Patent Group continues to be one of the hottest stocks of 2021. Since I last wrote about MARA stock a month ago, the Bitcoin (CCC:BTC-USD) mining stock is up another 60%. But as we know, that doesn’t mean the stock is 60% more valuable. Source: Shutterstock The primary reason