(Bloomberg) -- Traders are keeping a close eye on flows into equities from the retail crowd as stocks hover near record highs and meme stocks popped and then fizzled this week. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyVoters Prefer Trump Over Biden on Economy. This Data Shows WhyA 25-Year-Old BofA Trader Dies Suddenly at Industr

GME stock tumbles after GameStop's preliminary Q1 results disappoint. A major short seller returns. Robinhood sees double upgrade. Meme rally fizzles.

(Bloomberg) -- GameStop Corp. tumbled after filings opened the door for it to sell more equity, furthering a rout that erased most of the meme-fueled rally that had sent the stock soaring 271% at the start of the week. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyVoters Prefer Trump Over Biden on Economy. This Data Shows WhyA 25-Yea

Stocks were mostly unchanged as investors await Nvidia earnings. Fed Chair Powell tested positive for Covid. GameStop fell on preliminary results.

Meme stocks have made a return after popular Reddit contributor Keith Gill, also known as "Roaring Kitty," returned to social media. Stocks like GameStop (GME) and AMC Entertainment (AMC) saw a bump in trading but, as of Friday afternoon, are showing signs of fizzling out. Other companies, including small-cap stocks like Faraday Future Intelligent Electric (FFIE) and Greenwave Technology Solutions (GWAV) were caught up in the meme craze, seeing triple-digit percentage gains for the week. Yahoo F...

Even if you didn’t catch the movie 'Dumb Money', you might remember the real story of Roaring Kitty—a.k.a Keith Gill—sparking a never-before-seen market revolution around GameStop (GME) back in 2019. It turns out Roaring Kitty and his legion were itching for round 2 this week, with a faltering attempt to reignite the meme stock rally. The events left Yahoo Finance Executive Editor Brian Sozzi and guest expert Jonathan Boyar questioning if meme stocks are ruining the experience for new investors....

GameStop's stock recently experienced a dramatic surge, reminiscent of the 2021 meme stock phenomenon. On May 13, 2024, GameStop (GME) shares skyrocketed more than 70% in just one day, reviving memories of the retail investor frenzy that captivated the financial world three years ago. This unexpected spike was triggered by a viral social media post from "Roaring Kitty," a key player in the initial meme stock craze. The stock plummeted more than 20% just a few days later when the video game retai...

GameStop said it is selling up to 45 million shares of common stock, Doximity’s revenue topped estimates, and DXC reported a decline in revenue from a year ago.

Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note seen by Reuters on Friday showed. The note, published on Wednesday just before the rally faded, said hedge funds dropped positions on the most actively shorted stocks tracked by a Goldman Sachs index. Most hedge fund short covering, when investors have to buy back stock borrowed for bearish bets, came from stocks tracked in the Goldman Sachs ind...

GameStop shares (GME) sank after the company said it plans to sell more shares and revealed that revenue slid in its latest quarter. + GameStop has about 306 million shares outstanding. GameStop stock stood 25% lower in recent trading.