Gamestop Corporation - Class A
NYSE: GME
$26.84
-$0.42 (-1.5%)
Closing Price on November 12, 2024
GME Articles
Wednesday’s early top analyst upgrades and downgrades included Albertsons, AppLovin, Array Technologies, eBay, Freeport-McMoRan, GameStop, Melco Resorts, Navitas Semiconductor, Nike and Novartis.
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Two venerable meme stocks took a beating on Monday and were off to a weak start Tuesday.
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U.S. markets were trading lower in the noon hour Monday, and the meme stocks were not running counter to the broad market.
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A newly revealed Department of Justice investigation into short selling could have a ripple effect on meme stocks, many of which benefit from short squeezes to lift their share prices.
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CEO stock sales have had a negative effect on share prices for a couple of well-known meme stocks.
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A new meme stock ETF debuted on Wednesday. The fund's top holding is Digital World Acquisition, the SPAC that is taking Donald Trump's ostensible media company public.
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Two OG meme stocks were in the news Wednesday, along with a couple of double-digit gainers. One of those was likely due to some reported insider buying.
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Meme stocks, like most U.S. equities, had a good day Tuesday and were off to a positive start in premarket trading Wednesday.
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One of the OG meme stocks reports quarterly results after markets close on Wednesday. The outlook is, shall we say, guarded.
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A couple of SEC investigations have cooled off share prices for some popular meme stocks.
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Tuesday's market meltdown didn't miss meme stocks. But there were a few stocks that weathered the storm pretty well.
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Just like the broader markets, the meme stocks mostly traded lower on Tuesday.
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Despite Friday's sharp drop in equity prices, there were a couple of winners. Premarket trading indicated a higher open, with crude oil up well over 5%.
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Swimwear and lingerie company Naked Brand Group is pivoting to become an electric vehicle manufacturer, provided shareholders approve the change next month.
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U.S. markets were struggling to get into the green Tuesday. Meme stocks were no exception.
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