| (USD) | Oct 2023 | Q/Q |
|---|---|---|
| Revenue | 430.7MM | -7% |
| Gross Profit | 72.5MM | -2% |
| Cost Of Revenue | 358.2MM | -8% |
| Operating Income | -32.3MM | +39% |
| Operating Expenses | 104.8MM | +8% |
| Net Income | -37.4MM | +20% |
| R&D | 5.4MM | -17% |
| G&A | 93.3MM | +3% |
| Amortization | 3.2MM | - |
| Interest Expense | 7.7MM | +32% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
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...
A short squeeze certainly helped.
Lesser-known small-cap stocks took part in the meme craze this week, outperforming flagship names.
There were some big stock moves this week and short squeezes are to blame.
The future may be brighter if SunPower stock continues to climb.
After a wild two-day run, the meme-stock rally is sputtering. Shares of GameStop closed 19% lower Wednesday, but are still up 127% this week. AMC Entertainment shares fell 20%. Koss was off 19% and SunPower shed about 29%.
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills explore market reactions to economic data, company announcements, and the latest developments in the AI sector. Market dynamics take center stage as the show dissects the ripple effects of Wednesday's Consumer Price Index (CPI) print and the resurgence of the meme stock frenzy. Yahoo Finance's Jared Blikre breaks down the market response to the meme trade resurgence. Rabobank Senior Cross-Asset Macro Strategist Christian Law...
SunPower Corporation (SPWR) stock has been downgraded by Wolfe Research to Underperform from Peer Perform. The firm initiated this downgrade due to SunPower's being an "extreme" example of a stock benefiting from the resurgence of the meme trade. Yahoo Finance's Seana Smith and Madison Mills break down the details. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
The party's over for SunPower shares after a short squeeze caused the stock to nearly double in two trading days this week.
GameStop stock fell after a two-day meme rally.