GameStop swings between gains and losses, capping volatile week

Nasdaq2021-03-29

March 26 (Reuters)-"Meme" stock-in-chief GameStopGME.Nswung between gains and losses on Friday, with the shares reversing course after rising 19% earlier in the session. Shares of the video game ...

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精彩评论

eep
2021-03-29
eep
comment pls
Jo5tarz
2021-03-29
Jo5tarz
Diamond hands
Jungkook
2021-03-29
Jungkook
Game stonks....i honestly dont have faith in it
thammada
2021-03-29
thammada
Good opportunity for short term speculation
ZCZC
2021-03-29
ZCZC
[财迷]
sheru
2021-03-29
sheru
Tough week ahead

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The stock, which had hit a record high of $483 in January, tumbled 34% the day after the company's Tuesday earnings report only to roar back more than 50% on Thursday. The shares are on track for a 10.9% weekly loss.\nRetail investors on forums such as Reddit’s WallStreetBets have helped send the company’s shares, which are up 849% year-to-date, on a wild ride in 2021.\nThe stock's gyrations have also attracted traders seeking to benefit from its outsize price moves.\n\"I have no problem whatsoever ... trading the volatility that is going on in GameStop right now,\" said Jeff Tomasulo, CEO of Vespula Capital. \"We're not even looking at this fundamentally anymore because it's just gotten so insane.\"\nChewy IncCHWY.Nco-founder Ryan Cohen is seeking to transform the retailer into an e-commerce firm that can take on big-box store rivals such as Target CorpTGT.Nand Walmart IncWMT.N.\nChief Financial Officer Jim Bell has departed and the company said this week it had appointed former Amazon.comAMZN.Oexecutive Jenna Owens as chief operating officer.\n\"It's fascinating because it seems that the Reddit army is doubling down and believing that the company is going to be able to shift their business and pivot to e-commerce,\" said Edward Moya, senior market analyst at OANDA.\nShort interest in GameStop has fallen to about 15% of the stock's float from a peak of 141% in the first week of 2021, according to data from financial analytics firm S3 Partners.\nA swarm of buying in late January forced bearish investors to unwind their bets against the stock, resulting in a surge of more than 1,600% that month.\nGameStop, which added three new directors including Cohen to its board in January as part of a settlement, said in its annual regulatoryfilingon Tuesday it expects eight incumbent board members to retire at its 2021 annual meeting in June.\n(Reporting by Susan Mathew in Bengaluru; 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