Tag: GameStop Corp. Cl A
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Why some Bed Bath and Beyond investors think ‘Teddy’ could be meme stock savior
[ad_1] Shares of bankrupt Bed Bath & Beyond Inc. rose 3% Wednesday, with the meme stock maintaining its appeal to some investors, despite the retailer’s well-publicized woes. Bed Bath & Beyond BBBYQ filed for chapter 11 in April and was subsequently delisted from the Nasdaq Composite. Trading over the counter since May 4, and with liquidation…
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‘We remain convinced that GameStop is doomed’: Analysts weigh in after CEO’s firing, Q1 earnings
[ad_1] A day after videogame retailer GameStop Corp. fired Chief Executive Matthew Furlong, installed activist investor Ryan Cohen as executive chair and reported falling quarterly sales, one analyst said he remained convinced that chain was “doomed,” while others were left trying to chart the company’s path under new leadership. Some analysts who follow GameStop GME,…
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GameStop fires CEO, elects Ryan Cohen as executive chairman; stock plunges
[ad_1] GameStop Corp. fired Chief Executive Matthew Furlong on Wednesday and said that its board had elected activist investor Ryan Cohen as its executive chairman, effective immediately. Shares of the videogame retailer and meme stock sank 19% after hours following a brief press release detailing the move. That release did not offer a reason for…
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GameStop sales may get boost from ‘Zelda,’ but profit is another story
[ad_1] GameStop Corp. could get a sales boost this year from big videogame releases like “The Legend of Zelda: Tears of the Kingdom” and “Hogwarts Legacy.” But when the gaming retailer reports first-quarter results on Wednesday after the market close, profit could still prove hard to come by. The results for GameStop GME, +1.46% will…
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Small-cap Chinese stocks spark meme-like buzz
[ad_1] Small-cap Chinese stocks have been attracting plenty of attention in recent days, according to data from Stocktwits, a social platform for investors and traders. “Regardless of what’s happening in the broader market, there are communities of retail investors focused on trading stocks that larger players can’t (or won’t),” Tom Bruni, lead writer of the…