I cover technology companies, worldwide economies and the stock market, Unlike Trump, Biden Won’t Sign Name On $1,400 Stimulus Checks, Earnings Preview: Tupperware Reports Before Wednesday’s Open, Earnings Preview: Oracle Reports On Wednesday. Support: 888-992-3836|NewsWire|Home|Login / Register. Below is an explanation of the controversy, the terms bandied about when the news reports it, and a chronology of events surrounding the story. Greg Abbott addresses border issues, Texas HMOs racked up big profit gains in early months of pandemic, Dallas County reports 27 more coronavirus deaths, 500 cases; Tarrant County adds 16 deaths, North Texas COVID-19 vaccine guide: Everything you need to know, 33-year-old man arrested after stealing ambulance from Baylor University Medical Center, Walmart, NorthPark and Best Buy are sticking with masks after Gov. Get the latest headlines delivered to your inbox every weekday. I have a B.S. (Photo by Paul Weaver/SOPA ... [+] Images/LightRocket via Getty Images). However, when what appears to be a new phenomenon comes into the picture, such as the Reddit Raiders, portfolio managers tend to step back a bit to access the situation and their exposure. NDAQ December 31, 2020: $1.3 billion Backlash against short-sellers including Citron Research had been a key rallying point for retail traders using Reddit to communicate about their bets. Gamestop Corporation GME Stock Message Board: they have 3 days to cover it all....Funny. The platform loosened restrictions on Monday afternoon to allow users to purchase a limit of 20 shares of GameStop. Not sure how many of you have been following the story, so I’ll do a quick recap (Vox has a more detailed one if you want more info). • “A short squeeze in a security named GameStop forced several hedge funds to liquidate other securities to cover their losses. I provide independent research of technology companies and was previously one of two analysts that determined the technology holdings for Atlantic Trust (Invesco's high net worth group), a firm with $15 billion under management. Background . I provide independent research of technology companies and was previously one of two analysts that determined the technology holdings for Atlantic Trust (Invesco's high. The second largest value gainer of these other visible stocks was AMC, but it only saw its market cap rise by $2.8 billion. It is Short Interest ÷ Volume. GameStop’s decline came as short interest for the company plunged to 53% of its available shares, from more than 140% just last month, according to data from financial analytics firm S3 Partners. The decline came as bets against the company appeared to plummet, according to a pair of market intelligence firms. If every shareholder were to seek a vote, short sellers would have only 10 trading days to cover 62 million shares. $1,400 Stimulus Checks Are Almost Here—How To Know If You’re Eligible, January 13, 2021: $2.2 billion (first big rise in the stock), January 22, 2021: $4.5 billion (up 226% since January 12), January 29, 2021: $22.7 billion (up 1,529% since January 12). Message. MSFT GameStop Corp. shares tumbled nearly 31% on Monday as bearish investors appeared to cover their positions while retail traders flocked to other corners of the market. The mania spread to companies like AMC Entertainment Holdings Inc. which saw record volatility as trading volumes soared last week. With over 2 million copies sold on PC (digital download),Indie hit 7 Days to Die has redefined the survival genre,with unrivalled crafting and world-building content. 02/08/2021 21:20. Abbott’s rule lifts, 1 person dead after Old East Dallas shooting, police say, UT’s school song had ‘no racist intent’ despite complicated history, report finds, Another big warehouse project in the works for Forney, Dallas Morning News parent company seeks name change to ‘embrace social justice movement’, Winter storm put a chill on North Texas home sales, He earned it: Dez Bryant, DeMarcus Lawrence, others react to Dak Prescott’s new deal with the Cowboys, This new restaurant has the best skyline views in Dallas, Albertsons, Tom Thumb, Market Street, Galleria Dallas will require masks after Gov. Prior to becoming an equity analyst, I spent 16 years at IBM in a variety of sales and manufacturing positions. “The volume is down a lot over the past few days, so that suggests that shorts aren’t pressing as hard as they were and longs aren’t getting the desired short squeeze,” said Wedbush Securities analyst Michael Pachter. The surge comes days after Reddit trader Keith Gill, who runs the YouTube channel Roaring Kitty, doubled down on GameStop and bought additional shares last week. This is especially true of investment vehicles that are both long and short the market. GameStop wasn’t expected to return profits until 2023, so hedge funds shorted the company’s shares, betting that its price was going to drop.
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