Robinhood CEO Vlad Tenev assures preparedness for GameStop surge and announces Bitstamp acquisition. Company aims for international expansion and entry into institutional business.
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.
Wall Street experienced a relatively quiet day on Thursday, with major indices trading within tight ranges as investors remain cautious ahead of the highly anticipated May jobs report, set for release Friday.
GameStop shares surged in early May after Keith Gill, also known as "Roaring Kitty" made his return to social media following three years of silence. Gill is often credited with spearheading the meme stock movement of 2021 that saw multiple heavily shorted stocks squeeze higher as retail traders piled into the names.