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.
The market could pause in the final trading session of the week following its record run, facilitated by tamer-than-expected inflation data. The major index futures were moderately lower in early trading. Adobe Inc.
After a couple of days with no position updates from Gill, the trader posted a new screenshot to Reddit after the market close on Thursday showing that he is now holding 9.001 million shares of GameStop.
GameStop stock was highly volatile Thursday with the video game retailer postponing their annual shareholder meeting, which came as the result of a server crash from overwhelming demand.
Wall Street experienced a rude awakening the day after the Federal Reserve’s June policy meeting, as investors sold off risky assets and shifted to safer bonds and cash in response to the latest batch economic data.
The biggest move in GameStop stock since Gill's return came after the trader posted a position update showing that he was holding 5 million shares of GameStop and call options expiring later this month. New reports suggest he may have started selling some of those short-dated call options.