South Korea extends ban on short selling until 2025 to crack down on illegal practices. Institutions like HSBC and BNP Paribas fined for naked shorting.
Meme stocks, including AMC Entertainment and Tupperware Brands, are trading lower Friday as GameStop shares tumble following the early release of its first-quarter financial results and additional stock offering.
Several meme stocks including AMC Entertainment Inc (NYSE:AMC), Koss Corp (NASDAQ:KOSS), BlackBerry Ltd (NYSE:BB) and Newegg Commerce Inc (NASDAQ:NEGG) are trading higher Thursday following a swift surge in GameStop Corp (NYSE:GME) stock. Here's what you need to know.
Koss Corp stock surge coincides with Roaring Kitty's return on social media. Interest in meme stocks like GME and AMC drives gains despite weak fundamentals. Technical analysis shows bullish trend, but caution advised due to potential pullback.
Roaring Kitty's disclosure of a GameStop position on Reddit has sparked renewed interest in meme stocks, boosting AMC's pre-market trading. The impact of this resurgence and AMC's future prospects remain uncertain.
GameStop shares are up more than 75% Monday morning, which has sparked a move in several related meme names and stocks with high short interest. Gill, best known as "Roaring Kitty" on YouTube and X or "DeepF***ingValue" on Reddit, posted a screenshot to Reddit showing that he currently has a $116 million bet on GameStop.
Shares of Bolt Biotherapeutics, Inc. (NASDAQ:BOLT) fell sharply during Wednesday’s session after the company reported first-quarter financial results.…