GameStop and AMC stocks surge by 147% and 121% respectively, driven by retail investors coordinating through online platforms. Market volatility expected.
Top cryptocurrencies of the market lifted upward Monday, spurred by top banks' disclosure of investments in spot Bitcoin ETFs, and a social media post by retail trader "Roaring Kitty" that sent meme coins flying.
Paysafe reported first-quarter adjusted earnings of 57 cents per share, beating the 10 cent analyst consensus estimate. Quarterly sales came in at $417.7 million, reflecting 7% growth in total payment volume and beating the $408.25 million estimate.