Tag Archives: GME

GME Stock: Short Sellers Are Sleepwalking Into Another Squeeze

Editor’s note: This article was updated on Oct. 18 to correct free cash flow and stock split data.

In July, GameStop (NYSE:GME) launched its NFT marketplace to a relatively muted reception. NFT trades had already fallen three-quarters since January, and traders assumed the game retailer had missed yet another party. Shares would eventually drop another 25%.

Investor pessimism, however, has quietly turned GME stock into a short-squeeze candidate. Sagging trading volume means that it would take traders almost 17 days to cover their short positions, up from three days in July.....More>>>

Robinhood Earnings: Expect More Volatility In HOOD Stock

Robinhood Markets (NASDAQ:HOOD) stock started its life as a public company on July 29 at an initial price of $38. After hitting a high of $85 during its first few days of trading, HOOD stock has swiftly plunged back to the $50 territory. It currently hovers at $47, around 25% above its initial public offering price.

Source: mundissima / Shutterstock.com

Investors already question whether this selloff was an early warning for HOOD shares. Robinhood will issues Q2 earnings on Aug. 18, its first such announcement as a public company. Therefore, today we look at what investors....More>>>