dr_balls personal page - To The Moon

dr_balls

No personal profile

0Follow

0Followers

0Topic

0Badge

06-07

Investigate jim crammer for manipulation, shorts never closed

Keith Gill's GameStop Trades Pose Conundrum for Market Cops

06-07

Shorts never closed.

GameStop Posts Decline in Quarterly Sales, Reveals Plan to Sell More Stock

07-01

What can I say, he obviously likes the stock.

"Roaring Kitty" Accused Of Gamestop Pump-And-Dump Scheme In Class Action Lawsuit

06-01

I agree with Victor, shorts never closed.

GameStop Stock: No Fundamentals Behind The Recent Rally

07-17

Shorts never closed.

GameStop Stock Rises Another 2%, Heading for Eight Straight Sessions

06-13

The first domino

Citron Research Closes GameStop Short Position

06-12

Shorts never closed

Roaring Kitty Shows He’s Holding His GameStop Position as Stock Rallies

06-06

This play is not about business fundamentals although company has minimal debt, was profitable last quarter, has 2bn in cash as Victor said shorts never closed.... boom

GameStop Shares Resume Rally, Seal Highest Close in 3 Weeks

04-29

As Victor said shorts never closed.... boom

GameStop: Approaching An Optimistic Fair Value But Not There Yet

12-11

I like the stock

GameStop Reports Third-Quarter Profit on Spending Cuts

11-27

I would say that this is more a combo of short reporting date and opex clearing rather than some speculation on bezinga. I like the stock.

Stock Track | GameStop Soars 6.39% Amid Speculation of Bitcoin Adoption

08-24

Profitable business 4 bil cash Minimal debt I like the stock.

What Is GameStop Actually Worth?

07-17

I like the stock.

GameStop Stock Rises for Seventh Day, Hits Highest Level in a Month

07-13

One question I would ask is this meme stock frenzy or price discovery

Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?

05-14

as Victor said shorts never closed... boom

2023-09-01

I like the stock

Sorry, the original content has been removed

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4146709871484912","uuid":"4146709871484912","gmtCreate":1683607286576,"gmtModify":1683607812966,"name":"dr_balls","pinyin":"drballsdrballs","introduction":"","introductionEn":"","signature":"","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":0,"tweetSize":16,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"init","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.08.29","exceedPercentage":"80.81%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.10","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.05","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":380541294657784,"gmtCreate":1733931140636,"gmtModify":1733931144527,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"I like the stock","listText":"I like the stock","text":"I like the stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380541294657784","repostId":"2490107830","repostType":2,"repost":{"id":"2490107830","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1733864985,"share":"https://ttm.financial/m/news/2490107830?lang=&edition=fundamental","pubTime":"2024-12-11 05:09","market":"us","language":"en","title":"GameStop Reports Third-Quarter Profit on Spending Cuts","url":"https://stock-news.laohu8.com/highlight/detail?id=2490107830","media":"Reuters","summary":"$GameStop(GME)$ reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.CEO Ryan Cohen told inv","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/GME\">GameStop</a> reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.</p><p>CEO Ryan Cohen told investors in June the company would operate with &#34;a smaller network and more value-added&#34; items as a part of its attempt to boost sales and profitability.</p><p>This helped GameStop report a net income of $17.4 million in the third quarter, compared with a net loss of $3.1 million a year ago.</p><p>Its shares were up 3% in extended trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/beaf76ba97c04e834bcbb1427aa7c03d\" tg-width=\"766\" tg-height=\"598\"/></p><p>The company has been grappling with a slower turnaround of its main business as it struggles to ramp up sales of videogame hardware and collectibles, while facing stiff competition from online retail giants such as Amazon.com and eBay.</p><p>It is also burdened by an uncertain macroeconomic environment, as consumers cut back on discretionary spending owing to stubborn inflation and a slow recovery in the gaming market.</p><p>Wedbush Securities analyst Michael Pachter said he does not see any signs the company&#39;s &#34;core business is salvageable&#34;.</p><p>&#34;There is no turnaround, just stock sales to willingly foolish investors,&#34; Pachter said.</p><p>Its shares have rallied more than 50% this year after stock influencer Keith Gill, also known as &#34;Roaring Kitty&#34;, reemerged earlier in 2024, sparking excitement among his followers.</p><p>The company has taken advantage of the jump in its stock price by raising around $3 billion earlier this year through share sales.</p><p>Gill was a key figure in the meme-stock frenzy of 2021, in which GameStop stock surged 1,600% at one point in January that year, crushing hedge funds that had bet against the videogame retailer.</p><p>GameStop&#39;s third-quarter revenue fell 20% to $860 million, compared with $1.08 billion a year ago.</p><p>Cash and cash equivalents at the end of the third quarter were $4.58 billion, compared with $4.19 billion in the preceding three-month period.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Reports Third-Quarter Profit on Spending Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Reports Third-Quarter Profit on Spending Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-12-11 05:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/GME\">GameStop</a> reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.</p><p>CEO Ryan Cohen told investors in June the company would operate with &#34;a smaller network and more value-added&#34; items as a part of its attempt to boost sales and profitability.</p><p>This helped GameStop report a net income of $17.4 million in the third quarter, compared with a net loss of $3.1 million a year ago.</p><p>Its shares were up 3% in extended trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/beaf76ba97c04e834bcbb1427aa7c03d\" tg-width=\"766\" tg-height=\"598\"/></p><p>The company has been grappling with a slower turnaround of its main business as it struggles to ramp up sales of videogame hardware and collectibles, while facing stiff competition from online retail giants such as Amazon.com and eBay.</p><p>It is also burdened by an uncertain macroeconomic environment, as consumers cut back on discretionary spending owing to stubborn inflation and a slow recovery in the gaming market.</p><p>Wedbush Securities analyst Michael Pachter said he does not see any signs the company&#39;s &#34;core business is salvageable&#34;.</p><p>&#34;There is no turnaround, just stock sales to willingly foolish investors,&#34; Pachter said.</p><p>Its shares have rallied more than 50% this year after stock influencer Keith Gill, also known as &#34;Roaring Kitty&#34;, reemerged earlier in 2024, sparking excitement among his followers.</p><p>The company has taken advantage of the jump in its stock price by raising around $3 billion earlier this year through share sales.</p><p>Gill was a key figure in the meme-stock frenzy of 2021, in which GameStop stock surged 1,600% at one point in January that year, crushing hedge funds that had bet against the videogame retailer.</p><p>GameStop&#39;s third-quarter revenue fell 20% to $860 million, compared with $1.08 billion a year ago.</p><p>Cash and cash equivalents at the end of the third quarter were $4.58 billion, compared with $4.19 billion in the preceding three-month period.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cc1b80381f62294ed0789093ad83059b","relate_stocks":{},"source_url":"https://www.channelnewsasia.com/business/gamestop-reports-third-quarter-profit-spending-cuts-4799231","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2490107830","content_text":"GameStop reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.CEO Ryan Cohen told investors in June the company would operate with \"a smaller network and more value-added\" items as a part of its attempt to boost sales and profitability.This helped GameStop report a net income of $17.4 million in the third quarter, compared with a net loss of $3.1 million a year ago.Its shares were up 3% in extended trading.The company has been grappling with a slower turnaround of its main business as it struggles to ramp up sales of videogame hardware and collectibles, while facing stiff competition from online retail giants such as Amazon.com and eBay.It is also burdened by an uncertain macroeconomic environment, as consumers cut back on discretionary spending owing to stubborn inflation and a slow recovery in the gaming market.Wedbush Securities analyst Michael Pachter said he does not see any signs the company's \"core business is salvageable\".\"There is no turnaround, just stock sales to willingly foolish investors,\" Pachter said.Its shares have rallied more than 50% this year after stock influencer Keith Gill, also known as \"Roaring Kitty\", reemerged earlier in 2024, sparking excitement among his followers.The company has taken advantage of the jump in its stock price by raising around $3 billion earlier this year through share sales.Gill was a key figure in the meme-stock frenzy of 2021, in which GameStop stock surged 1,600% at one point in January that year, crushing hedge funds that had bet against the videogame retailer.GameStop's third-quarter revenue fell 20% to $860 million, compared with $1.08 billion a year ago.Cash and cash equivalents at the end of the third quarter were $4.58 billion, compared with $4.19 billion in the preceding three-month period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375365902675976,"gmtCreate":1732645970251,"gmtModify":1732645974941,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"I would say that this is more a combo of short&nbsp; reporting date and opex clearing rather than some speculation on&nbsp; bezinga. I like the stock.","listText":"I would say that this is more a combo of short&nbsp; reporting date and opex clearing rather than some speculation on&nbsp; bezinga. I like the stock.","text":"I would say that this is more a combo of short reporting date and opex clearing rather than some speculation on bezinga. I like the stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375365902675976","repostId":"1116331473","repostType":4,"repost":{"id":"1116331473","kind":"news","weMediaInfo":{"introduction":"Track stock‘s movements and relevant news","home_visible":1,"media_name":"Stock Track","id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"pubTimestamp":1732644862,"share":"https://ttm.financial/m/news/1116331473?lang=&edition=fundamental","pubTime":"2024-11-27 02:14","market":"hk","language":"en","title":"Stock Track | GameStop Soars 6.39% Amid Speculation of Bitcoin Adoption","url":"https://stock-news.laohu8.com/highlight/detail?id=1116331473","media":"Stock Track","summary":"GameStop Corp.  shares surged 6.39% in intraday trading on Tuesday, amid speculation that the company could follow the footsteps of MicroStrategy and Rumble Inc. in adopting Bitcoin as a treasury asset.The speculation was fueled by a news article from Benzinga, which reported that Rumble Inc.  had approved a plan to invest up to $20 million in Bitcoin. The article also mentioned that GameStop's board had previously granted CEO Ryan Cohen increased control over the company's cash hoard, raising t","content":"<p>GameStop Corp. (GME) shares surged 6.39% in intraday trading on Tuesday, amid speculation that the company could follow the footsteps of MicroStrategy and Rumble Inc. in adopting Bitcoin as a treasury asset.</p>\n\n<p>The speculation was fueled by a news article from Benzinga, which reported that Rumble Inc. (RUM) had approved a plan to invest up to $20 million in Bitcoin. The article also mentioned that GameStop's board had previously granted CEO Ryan Cohen increased control over the company's cash hoard, raising the possibility that he could allocate funds to alternative investments such as cryptocurrencies.</p>\n\n<p>However, it's important to note that GameStop has not officially announced any plans to invest in Bitcoin or other cryptocurrencies. The speculation is based solely on the Benzinga article and comments made on social media platforms.</p>","source":"ai_movement_en","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | GameStop Soars 6.39% Amid Speculation of Bitcoin Adoption</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | GameStop Soars 6.39% Amid Speculation of Bitcoin Adoption\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-27 02:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>GameStop Corp. (GME) shares surged 6.39% in intraday trading on Tuesday, amid speculation that the company could follow the footsteps of MicroStrategy and Rumble Inc. in adopting Bitcoin as a treasury asset.</p>\n\n<p>The speculation was fueled by a news article from Benzinga, which reported that Rumble Inc. (RUM) had approved a plan to invest up to $20 million in Bitcoin. The article also mentioned that GameStop's board had previously granted CEO Ryan Cohen increased control over the company's cash hoard, raising the possibility that he could allocate funds to alternative investments such as cryptocurrencies.</p>\n\n<p>However, it's important to note that GameStop has not officially announced any plans to invest in Bitcoin or other cryptocurrencies. The speculation is based solely on the Benzinga article and comments made on social media platforms.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116331473","content_text":"GameStop Corp. (GME) shares surged 6.39% in intraday trading on Tuesday, amid speculation that the company could follow the footsteps of MicroStrategy and Rumble Inc. in adopting Bitcoin as a treasury asset.\nThe speculation was fueled by a news article from Benzinga, which reported that Rumble Inc. (RUM) had approved a plan to invest up to $20 million in Bitcoin. The article also mentioned that GameStop's board had previously granted CEO Ryan Cohen increased control over the company's cash hoard, raising the possibility that he could allocate funds to alternative investments such as cryptocurrencies.\nHowever, it's important to note that GameStop has not officially announced any plans to invest in Bitcoin or other cryptocurrencies. The speculation is based solely on the Benzinga article and comments made on social media platforms.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341682456637568,"gmtCreate":1724440414110,"gmtModify":1724440418942,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"Profitable business&nbsp; 4 bil cash Minimal debt I like the stock.&nbsp;","listText":"Profitable business&nbsp; 4 bil cash Minimal debt I like the stock.&nbsp;","text":"Profitable business 4 bil cash Minimal debt I like the stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341682456637568","repostId":"2461877943","repostType":2,"repost":{"id":"2461877943","kind":"highlight","pubTimestamp":1724266399,"share":"https://ttm.financial/m/news/2461877943?lang=&edition=fundamental","pubTime":"2024-08-22 02:53","market":"us","language":"en","title":"What Is GameStop Actually Worth?","url":"https://stock-news.laohu8.com/highlight/detail?id=2461877943","media":"seekingalpha","summary":"Today, we're exploring what 'Fair Value' for GME shares could be.Given the declining sales figures, persistent headwinds, and patently absurd valuation, we're staying far away from this stock.In an op","content":"<html><body><ul><li>Today, we're exploring what 'Fair Value' for GME shares could be.</li><li>Given the declining sales figures, persistent headwinds, and patently absurd valuation, we're staying far away from this stock.</li><li>In an optimistic scenario, we've pegged Fair Value at around $6.5 per share, which is 72% beneath the current stock price.</li><li>We rate GME a 'Strong Sell'.</li></ul><p><figure><picture> <img fetchpriority=\"high\" height=\"1024px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture><figcaption> <p>jetcityimage</p></figcaption></figure></p> <p>Most of the time when we review a company, we start with the premise that the market is probably <em>somewhat</em> correct, if not entirely correct, about a stock's value.</p> <p>We <strong>often think that the market is wrong </strong>upon<span> further inspection, but it typically pays to </span><em>at least get a sense</em><span> of what investors are thinking before starting your own analysis. Then, you can ferret out the degree to which you think you have an edge, which can then be expressed in a position.</span></p> <p>In the case of GameStop (<span>NYSE:GME</span>), the reverse is probably true.</p> <p>As a bona fide meme stock, the company doesn't trade on fundamentals, and so there's really no reason to take a look at 'market expectations' because they're quite difficult to parse.</p> <p>In May, Roaring Kitty, the meme stock 'hero' from 2021, showed that he had a massive amount of<span> capital invested in the name, and the stock flew up more than 500% over a few days from trough to peak:</span></p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17240937495659525.png\"/></span> </picture><figcaption><p><span>TradingView</span></p></figcaption></figure></p> <p>In situations like this, we think it's a lot easier to <strong>work backwards from the ground up</strong> to get a sense of where the stock could be headed over the long term.</p> <p>Today, we'll be doing just that.</p> <p>In this article, we'll take a look at GME's business, trends, and assets to determine what we think the company is worth on a fundamental basis.</p> <p>Then, we'll issue our rating.</p> <p>In case you're short on time, we think GME is a 'Strong Sell' - a speculative plaything for shorter term traders that has no position in a serious portfolio.</p> <p>If you want to see how we came to that conclusion, then read on.</p> <h2>GME's Financials</h2> <p>If you're just coming into the picture now for the first time in the last few years, here are the high-level stats to be aware of.</p> <p>GME's market cap is around <strong>$9.5 billion</strong>.</p> <p>Over the last twelve months, the company did <strong>$4.9 billion</strong> in revenue, <strong>$1.2 billion</strong> in gross profit, and <strong>$24 <em>million</em></strong> ($0.024 billion) in net income.</p> <p>This is a net margin of <strong>0.51%</strong>, which puts the company slightly in the black.</p> <p>For context, these financial results come within the picture of generally falling revenue, worsening operating income, and plummeting EBIT:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17240945219148483.png\"/></span> </picture><figcaption><p>Revenue <span>(Seeking Alpha)</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-1724094583444458.png\"/></span> </picture><figcaption><p>Operating Income <span>(Seeking Alpha)</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17240946123812904.png\"/></span> </picture><figcaption><p>EBIT <span>(Seeking Alpha)</span></p></figcaption></figure></p> <p>To some, the incremental improvements over the last year or so to GME's bottom line have served as 'proof' of the company's turnaround, but cash from operations remains firmly negative as net losses around payables and inventory keep cropping up:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17240947017725484.png\"/></span> </picture><figcaption><p><span>Seeking Alpha</span></p></figcaption></figure></p> <p>To be clear, we do want to give management some credit for shoring up the balance sheet, cutting costs, and getting the company into fighting shape looking forward.</p> <p>Since 2021, the company has been focused on a few key prongs, all of which have been focused on making the company investible:</p> <blockquote> <p>• <strong>Establish Omnichannel Retail Excellence </strong>- We aim to be the leading destination for games and entertainment products through our stores and ecommerce platforms. To accomplish this, we are taking steps to ensure we are a fast and convenient solution for our customers. This includes increased product availability across all channels, faster fulfillment through ship from store offerings, and a further improved customer service experience.</p> <p>• <strong>Achieve Profitability </strong>- During fiscal 2023, we continued to optimize our cost structure to align with our current and anticipated future needs. We will continue to focus on cost containment as we look to operate with increased efficiency.</p> <p>• <strong>Leverage Brand Equity to Support Growth </strong>- GameStop has many strengths and assets, including strong household brand recognition and a significant store network.</p> </blockquote> <p>Taken together, there have been some improvements made to GME from an asset allocation standpoint.</p> <p><strong>That said, there are still huge headwinds that shareholders should be ready to contend with.</strong></p> <p>The main cause of GME's revenue decline has been an increase in digital game purchases directly on consoles and PCs, which is a trend that we don't see reversing anytime soon.</p> <p>In 2023, only 17% of console gaming revenue was physical, as opposed to digital:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17241007292095253.png\"/></span> </picture><figcaption><p><span>TweakTown | NewZoo</span></p></figcaption></figure></p> <p>In 2022, just one year earlier, the number was 28%.</p> <p>To us, these megatrends in gaming represent <strong>terminal velocity</strong> when it comes to physical sales. We <em>will</em> have an all-digital future in gaming - it's hard to see things going any other direction.</p> <p>To underscore this fact, console manufacturers are already producing consoles without disc slots:</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/saupload_main-qimg-5c7da1cf2145b1b5b8cce2015393ed73-lq.jpeg\"/> </picture><figcaption><p><span>Quora</span></p></figcaption></figure></p> <p>To be fair to GME, the company does sell adjacent products to games as well, including software keys and collectibles:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17241010867839038.png\"/></span> </picture><figcaption><p><span>10Q</span></p></figcaption></figure></p> <p>Plus, gamers need to go somewhere to <em>buy</em> consoles, controllers, and other equipment, which means that we don't think <em>all</em> of GME's revenue sources are going to zero.</p> <p><strong>However</strong>, GME's cost structure is going to have a tough time coping with the decline in sales if and when games begin to make up a smaller and smaller portion of what people actually buy at GameStop.</p> <p>It's already happening:</p> <blockquote><p>[We had a] 29.1%, decline in the sale of new software, a $220.5 million, or 30.4%, decline in the sale of hardware and accessories, and a $36.2 million, or 20.9%, decline in the sale of collectibles.</p></blockquote> <p>It's very hard to cut your way to profitability when sales are dropping this fast:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-1724101712231091.png\"/></span> </picture><figcaption><p><span>Seeking Alpha</span></p></figcaption></figure></p> <p>Slashing SG&amp;A simply can't keep up with market forces that are beyond GME's control.</p> <p>On top of that, all of the aforementioned moves taken to improve the company's position thus far have come at great expense to shareholders, as retained earnings continue to plunge into the red and common equity value declines:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17241003428534157.png\"/></span> </picture><figcaption><p><span>Seeking Alpha</span></p></figcaption></figure></p> <p>Long story short, we think the company is in better shape than it was in 2021, but it's very hard to imagine a scenario where GME can get revenue moving in the right direction <em>and</em> keep the cost structure profitable.</p> <p>We think GME will stay in business for the foreseeable future and could even be profitable going forward given the improved balance sheet. However, doing so would likely mean that the company's revenue would be a fraction of where it is today.</p> <p>This brings us to the valuation.</p> <h2>GME's Valuation</h2> <p>Right now, as we mentioned, GME's market cap is roughly <strong>$9.5 billion</strong>.</p> <p>But what is the company <em>actually</em> worth?</p> <p>Well, if you assume that sales will continue declining until the company sells an even split of collectibles, consoles, and software keys at some point in the next 5 years, then we're looking at a revenue base of roughly <strong>$1.2 - $1.5 billion per year</strong>.</p> <p>On this, if management can continue making progress on the cost structure, then we could see 10% net margins over time (which is a tad generous given the headwinds), which would result in $120 - $150 million per annum in profit.</p> <p>This would be an optimal outcome for shareholders, in our view, and assumes solid management execution to get to this point.</p> <p>If you slap on a 12x P/E - which is a discount to the sector's average 17x P/E due to GME's lower growth profile - then you end up with a potential market cap somewhere in the $1.4 - $1.8 billion range.</p> <p>Tack on the additional $1 billion in cash, and you end up with $2.4 - $2.8 billion market cap as a Fair Value for GME sometime over the next few years.</p> <p>Remember, this assumption includes continued declines in sales to a 'baseline' (which might not exist) and assumes 10% net margins (which may be impossible to generate).</p> <p>Taken together, we'd argue this is a rosy projection.</p> <p>Right now, GME is trading at a $9.5 billion market cap, which is significantly higher than this value. If GME were to fall tomorrow to this estimate, investors would lose 72% overnight, and <strong>shares would settle around the $6.5 mark</strong>.</p> <p>The key thing here is that GME's sales are still substantial, which means that it's easy for investors to look at the company and think the following:</p> <blockquote><p>'Well, if sales can stay flat and profitability improves, then the multiple doesn't look so crazy'.</p></blockquote> <p>However, as sales continue to drop (as they have been doing), then the $9.5 billion market cap makes absolutely no sense from a fundamental standpoint.</p> <p>Long story short, given the discrepancy between our projection and the company's current market cap, it's hard to argue that GME is anything other than a 'Strong Sell'.</p> <h2>Risks</h2> <p>That said, we don't think you should be shorting the stock.</p> <p>As we mentioned at the start of this article, GME doesn't trade off of fundamental value in the short term, which means that the stock is prone to serious, prolonged, nasty spikes which are sure to wreck the average short seller.</p> <p>As Manuel Paul Dipold's recent article summarized in the title: \"<strong>GameStop: Too Risky To Buy, Too Risky To Short</strong>\".</p> <p>This seems about right, in our view.</p> <p>We've outlined the many risks to staying long at this price, but going short simply doesn't make a lot of sense either.</p> <h2>Summary</h2> <p>All in all, we think the best path for investors interested in GME is simply to stay away. It's too volatile to consider as a short play, and the fundamentals simply don't back a long position.</p> <p>Thus, our 'Strong Sell' rating.</p> <div></div> <p>Stay safe out there!</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Is GameStop Actually Worth?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Is GameStop Actually Worth?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-22 02:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4716275-what-is-gamestop-actually-worth><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Today, we're exploring what 'Fair Value' for GME shares could be.Given the declining sales figures, persistent headwinds, and patently absurd valuation, we're staying far away from this stock.In an ...</p>\n\n<a href=\"https://seekingalpha.com/article/4716275-what-is-gamestop-actually-worth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4076":"电脑与电子产品零售","BK4577":"网络游戏","GME":"游戏驿站","BK4547":"WSB热门概念"},"source_url":"https://seekingalpha.com/article/4716275-what-is-gamestop-actually-worth","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2461877943","content_text":"Today, we're exploring what 'Fair Value' for GME shares could be.Given the declining sales figures, persistent headwinds, and patently absurd valuation, we're staying far away from this stock.In an optimistic scenario, we've pegged Fair Value at around $6.5 per share, which is 72% beneath the current stock price.We rate GME a 'Strong Sell'.   jetcityimage Most of the time when we review a company, we start with the premise that the market is probably somewhat correct, if not entirely correct, about a stock's value. We often think that the market is wrong upon further inspection, but it typically pays to at least get a sense of what investors are thinking before starting your own analysis. Then, you can ferret out the degree to which you think you have an edge, which can then be expressed in a position. In the case of GameStop (NYSE:GME), the reverse is probably true. As a bona fide meme stock, the company doesn't trade on fundamentals, and so there's really no reason to take a look at 'market expectations' because they're quite difficult to parse. In May, Roaring Kitty, the meme stock 'hero' from 2021, showed that he had a massive amount of capital invested in the name, and the stock flew up more than 500% over a few days from trough to peak:   TradingView In situations like this, we think it's a lot easier to work backwards from the ground up to get a sense of where the stock could be headed over the long term. Today, we'll be doing just that. In this article, we'll take a look at GME's business, trends, and assets to determine what we think the company is worth on a fundamental basis. Then, we'll issue our rating. In case you're short on time, we think GME is a 'Strong Sell' - a speculative plaything for shorter term traders that has no position in a serious portfolio. If you want to see how we came to that conclusion, then read on. GME's Financials If you're just coming into the picture now for the first time in the last few years, here are the high-level stats to be aware of. GME's market cap is around $9.5 billion. Over the last twelve months, the company did $4.9 billion in revenue, $1.2 billion in gross profit, and $24 million ($0.024 billion) in net income. This is a net margin of 0.51%, which puts the company slightly in the black. For context, these financial results come within the picture of generally falling revenue, worsening operating income, and plummeting EBIT:   Revenue (Seeking Alpha)  Operating Income (Seeking Alpha)  EBIT (Seeking Alpha) To some, the incremental improvements over the last year or so to GME's bottom line have served as 'proof' of the company's turnaround, but cash from operations remains firmly negative as net losses around payables and inventory keep cropping up:   Seeking Alpha To be clear, we do want to give management some credit for shoring up the balance sheet, cutting costs, and getting the company into fighting shape looking forward. Since 2021, the company has been focused on a few key prongs, all of which have been focused on making the company investible:  • Establish Omnichannel Retail Excellence - We aim to be the leading destination for games and entertainment products through our stores and ecommerce platforms. To accomplish this, we are taking steps to ensure we are a fast and convenient solution for our customers. This includes increased product availability across all channels, faster fulfillment through ship from store offerings, and a further improved customer service experience. • Achieve Profitability - During fiscal 2023, we continued to optimize our cost structure to align with our current and anticipated future needs. We will continue to focus on cost containment as we look to operate with increased efficiency. • Leverage Brand Equity to Support Growth - GameStop has many strengths and assets, including strong household brand recognition and a significant store network.  Taken together, there have been some improvements made to GME from an asset allocation standpoint. That said, there are still huge headwinds that shareholders should be ready to contend with. The main cause of GME's revenue decline has been an increase in digital game purchases directly on consoles and PCs, which is a trend that we don't see reversing anytime soon. In 2023, only 17% of console gaming revenue was physical, as opposed to digital:   TweakTown | NewZoo In 2022, just one year earlier, the number was 28%. To us, these megatrends in gaming represent terminal velocity when it comes to physical sales. We will have an all-digital future in gaming - it's hard to see things going any other direction. To underscore this fact, console manufacturers are already producing consoles without disc slots:   Quora To be fair to GME, the company does sell adjacent products to games as well, including software keys and collectibles:   10Q Plus, gamers need to go somewhere to buy consoles, controllers, and other equipment, which means that we don't think all of GME's revenue sources are going to zero. However, GME's cost structure is going to have a tough time coping with the decline in sales if and when games begin to make up a smaller and smaller portion of what people actually buy at GameStop. It's already happening: [We had a] 29.1%, decline in the sale of new software, a $220.5 million, or 30.4%, decline in the sale of hardware and accessories, and a $36.2 million, or 20.9%, decline in the sale of collectibles. It's very hard to cut your way to profitability when sales are dropping this fast:   Seeking Alpha Slashing SG&A simply can't keep up with market forces that are beyond GME's control. On top of that, all of the aforementioned moves taken to improve the company's position thus far have come at great expense to shareholders, as retained earnings continue to plunge into the red and common equity value declines:   Seeking Alpha Long story short, we think the company is in better shape than it was in 2021, but it's very hard to imagine a scenario where GME can get revenue moving in the right direction and keep the cost structure profitable. We think GME will stay in business for the foreseeable future and could even be profitable going forward given the improved balance sheet. However, doing so would likely mean that the company's revenue would be a fraction of where it is today. This brings us to the valuation. GME's Valuation Right now, as we mentioned, GME's market cap is roughly $9.5 billion. But what is the company actually worth? Well, if you assume that sales will continue declining until the company sells an even split of collectibles, consoles, and software keys at some point in the next 5 years, then we're looking at a revenue base of roughly $1.2 - $1.5 billion per year. On this, if management can continue making progress on the cost structure, then we could see 10% net margins over time (which is a tad generous given the headwinds), which would result in $120 - $150 million per annum in profit. This would be an optimal outcome for shareholders, in our view, and assumes solid management execution to get to this point. If you slap on a 12x P/E - which is a discount to the sector's average 17x P/E due to GME's lower growth profile - then you end up with a potential market cap somewhere in the $1.4 - $1.8 billion range. Tack on the additional $1 billion in cash, and you end up with $2.4 - $2.8 billion market cap as a Fair Value for GME sometime over the next few years. Remember, this assumption includes continued declines in sales to a 'baseline' (which might not exist) and assumes 10% net margins (which may be impossible to generate). Taken together, we'd argue this is a rosy projection. Right now, GME is trading at a $9.5 billion market cap, which is significantly higher than this value. If GME were to fall tomorrow to this estimate, investors would lose 72% overnight, and shares would settle around the $6.5 mark. The key thing here is that GME's sales are still substantial, which means that it's easy for investors to look at the company and think the following: 'Well, if sales can stay flat and profitability improves, then the multiple doesn't look so crazy'. However, as sales continue to drop (as they have been doing), then the $9.5 billion market cap makes absolutely no sense from a fundamental standpoint. Long story short, given the discrepancy between our projection and the company's current market cap, it's hard to argue that GME is anything other than a 'Strong Sell'. Risks That said, we don't think you should be shorting the stock. As we mentioned at the start of this article, GME doesn't trade off of fundamental value in the short term, which means that the stock is prone to serious, prolonged, nasty spikes which are sure to wreck the average short seller. As Manuel Paul Dipold's recent article summarized in the title: \"GameStop: Too Risky To Buy, Too Risky To Short\". This seems about right, in our view. We've outlined the many risks to staying long at this price, but going short simply doesn't make a lot of sense either. Summary All in all, we think the best path for investors interested in GME is simply to stay away. It's too volatile to consider as a short play, and the fundamentals simply don't back a long position. Thus, our 'Strong Sell' rating.  Stay safe out there!","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328483860168968,"gmtCreate":1721210688413,"gmtModify":1721210692048,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"Shorts never closed.","listText":"Shorts never closed.","text":"Shorts never closed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328483860168968","repostId":"1120603503","repostType":2,"repost":{"id":"1120603503","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1721203863,"share":"https://ttm.financial/m/news/1120603503?lang=&edition=fundamental","pubTime":"2024-07-17 16:11","market":"us","language":"en","title":"GameStop Stock Rises Another 2%, Heading for Eight Straight Sessions","url":"https://stock-news.laohu8.com/highlight/detail?id=1120603503","media":"Tiger Newspress","summary":"GameStop stock gained another 2% in premarket trading Wednesday, heading for eight straight sessions.GameStop meme trading is alive and well this month, with the videogame retailer rising for the seve","content":"<html><head></head><body><p>GameStop stock gained another 2% in premarket trading Wednesday, heading for eight straight sessions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/32706ea7e5319e62c3c15efcaf5cb40f\" tg-width=\"873\" tg-height=\"625\"/></p><p>GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.</p><p style=\"text-align: start;\">The stock closed up 5.7% at $28.54. It’s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.</p><p>The current streak has sent the stock price up 18% for its best seven-day stretch since June and its highest price in a month. GameStop stock’s highest close for the year was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.</p><p>The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.</p><p style=\"text-align: start;\">The stock is currently down 67% from a record high in January 2021. And GameStop stock has slipped from its intraday high for the year of nearly $65 set in May.</p><p style=\"text-align: start;\">Another meme-stock trade, Trump Media &amp; Technology Group, rose sharply Monday, following theassassination attempton the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen posted on X what appeared to be anendorsement of Donald Trumpin the 2024 election shortly afterward.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock Rises Another 2%, Heading for Eight Straight Sessions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock Rises Another 2%, Heading for Eight Straight Sessions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-07-17 16:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>GameStop stock gained another 2% in premarket trading Wednesday, heading for eight straight sessions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/32706ea7e5319e62c3c15efcaf5cb40f\" tg-width=\"873\" tg-height=\"625\"/></p><p>GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.</p><p style=\"text-align: start;\">The stock closed up 5.7% at $28.54. It’s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.</p><p>The current streak has sent the stock price up 18% for its best seven-day stretch since June and its highest price in a month. GameStop stock’s highest close for the year was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.</p><p>The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.</p><p style=\"text-align: start;\">The stock is currently down 67% from a record high in January 2021. And GameStop stock has slipped from its intraday high for the year of nearly $65 set in May.</p><p style=\"text-align: start;\">Another meme-stock trade, Trump Media &amp; Technology Group, rose sharply Monday, following theassassination attempton the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen posted on X what appeared to be anendorsement of Donald Trumpin the 2024 election shortly afterward.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120603503","content_text":"GameStop stock gained another 2% in premarket trading Wednesday, heading for eight straight sessions.GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.The stock closed up 5.7% at $28.54. It’s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.The current streak has sent the stock price up 18% for its best seven-day stretch since June and its highest price in a month. GameStop stock’s highest close for the year was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.The stock is currently down 67% from a record high in January 2021. And GameStop stock has slipped from its intraday high for the year of nearly $65 set in May.Another meme-stock trade, Trump Media & Technology Group, rose sharply Monday, following theassassination attempton the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen posted on X what appeared to be anendorsement of Donald Trumpin the 2024 election shortly afterward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328422527443040,"gmtCreate":1721190916771,"gmtModify":1721190920363,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"I like the stock.","listText":"I like the stock.","text":"I like the stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328422527443040","repostId":"2452128159","repostType":2,"repost":{"id":"2452128159","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1721183338,"share":"https://ttm.financial/m/news/2452128159?lang=&edition=fundamental","pubTime":"2024-07-17 10:28","market":"us","language":"en","title":"GameStop Stock Rises for Seventh Day, Hits Highest Level in a Month","url":"https://stock-news.laohu8.com/highlight/detail?id=2452128159","media":"Dow Jones","summary":"GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.The stock was up 2.1% by just before noon, trading at $27.56. It's up 58% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.The current streak has sent the stock price up 16% for its best seven-day stretch since June and its highest price in a month. GameStop stock's highest close for the year so far was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.GameStop stock hit an intraday high for the year of nearly $65 in May on excitement o ver Roaring Kitty's return, before slipping. The stock is currently down 68% from a recor","content":"<html><head></head><body><p>GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.</p><p>The stock was up 5.7% on Tuesday. It&#39;s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/944e516ed7d5c4e6b611f3e8c82aad26\" tg-width=\"772\" tg-height=\"627\"/></p><p>The current streak has sent the stock price up 16% for its best seven-day stretch since June and its highest price in a month. GameStop stock&#39;s highest close for the year so far was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.</p><p>The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.</p><p>GameStop stock hit an intraday high for the year of nearly $65 in May on excitement o ver Roaring Kitty&#39;s return, before slipping. The stock is currently down 68% from a record high in 2021.</p><p>Another meme-stock trade, Trump Media &amp; Technology Group, rose sharply Monday, following the assassination attempt on the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen tweeted what appeared to be an endorsement of Donald Trump in the 2024 election shortly afterward.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock Rises for Seventh Day, Hits Highest Level in a Month</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock Rises for Seventh Day, Hits Highest Level in a Month\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-07-17 10:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.</p><p>The stock was up 5.7% on Tuesday. It&#39;s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/944e516ed7d5c4e6b611f3e8c82aad26\" tg-width=\"772\" tg-height=\"627\"/></p><p>The current streak has sent the stock price up 16% for its best seven-day stretch since June and its highest price in a month. GameStop stock&#39;s highest close for the year so far was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.</p><p>The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.</p><p>GameStop stock hit an intraday high for the year of nearly $65 in May on excitement o ver Roaring Kitty&#39;s return, before slipping. The stock is currently down 68% from a record high in 2021.</p><p>Another meme-stock trade, Trump Media &amp; Technology Group, rose sharply Monday, following the assassination attempt on the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen tweeted what appeared to be an endorsement of Donald Trump in the 2024 election shortly afterward.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4077":"互动媒体与服务","BK4588":"碎股","BK4547":"WSB热门概念","BK4516":"特朗普概念","BK4585":"ETF&股票定投概念","BK4076":"电脑与电子产品零售","BK4577":"网络游戏"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2452128159","content_text":"GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.The stock was up 5.7% on Tuesday. It's up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.The current streak has sent the stock price up 16% for its best seven-day stretch since June and its highest price in a month. GameStop stock's highest close for the year so far was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.GameStop stock hit an intraday high for the year of nearly $65 in May on excitement o ver Roaring Kitty's return, before slipping. The stock is currently down 68% from a record high in 2021.Another meme-stock trade, Trump Media & Technology Group, rose sharply Monday, following the assassination attempt on the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen tweeted what appeared to be an endorsement of Donald Trump in the 2024 election shortly afterward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326751889604856,"gmtCreate":1720806927762,"gmtModify":1720806968199,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"One question I would ask is this meme stock frenzy or price discovery&nbsp;","listText":"One question I would ask is this meme stock frenzy or price discovery&nbsp;","text":"One question I would ask is this meme stock frenzy or price discovery","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/326751889604856","repostId":"2450596153","repostType":2,"repost":{"id":"2450596153","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1720699500,"share":"https://ttm.financial/m/news/2450596153?lang=&edition=fundamental","pubTime":"2024-07-11 20:05","market":"us","language":"en","title":"Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2450596153","media":"Dow Jones","summary":"Meme stocks are alive and kicking, despite rumors of their demise, says Derek Horstmeyer, professor of finance at the Costello College of Business at George Mason University. The last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media.The recent flurry of activity proved that meme stocks are alive and kicking, despite rumors of their demise. \"I think we all predicted meme stocks will disappear when they raised interest rates, that it would stop the party, but it didn't,\" Derek Horstmeyer, a professor of finance at the Costello College of Business at George Mason University. \"I think when they lower them, it's going to be more full on - you can borrow at a lower cost.\"Here we go again,\" wrote @WingGirlTrader, on X, formerly Twitter, with a fac","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?\n</p>\n<p>\n  By James Rogers \n</p>\n<p>\n     Meme stocks are alive and kicking, despite rumors of their demise, says Derek Horstmeyer, professor of finance at the Costello College of Business at George Mason University \n</p>\n<p>\n     The last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media. \n</p>\n<p>\n     The recent flurry of activity proved that meme stocks are alive and kicking, despite rumors of their demise. \"I think we all predicted meme stocks will disappear when they raised interest rates, that it would stop the party, but it didn't,\" Derek Horstmeyer, a professor of finance at the Costello College of Business at George Mason University. \"I think when they lower them, it's going to be more full on - you can borrow at a lower cost. \n</p>\n<p>\n     \"I think the party will be even more on,\" he added. \n</p>\n<p>\n     Related: Why Roaring Kitty is a GameStop 'true believer' \n</p>\n<p>\n     Gill posts as Roaring Kitty on X, formerly known as Twitter, and YouTube. He uses the moniker u/DeepF-ingValue when posting on <a href=\"https://laohu8.com/S/RDDT\">Reddit</a> Inc. (RDDT). While Gill clearly looms large over the meme-stock landscape, Horstmeyer thinks that other figures could also emerge as key players. \"You never know who is going to be the next celebrity in this circle of meme-stock investors,\" he said. \n</p>\n<p>\n     The professor pointed to AMC Entertainment Holdings Inc. <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> CEO Adam Aron and his relationship with the investors, who refer to themselves as 'apes', that turned the movie-theater chain into an original meme stock in 2021. \"Who would have predicted the AMC CEO becoming beloved in the meme world?\" Horstmeyer added. \n</p>\n<p>\n     Gill, a pivotal figure in the 2021 meme stock frenzy, recently increased his stake in meme stock GameStop Corp. <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>, sending it skyrocketing. The trader also voiced his support for GameStop Chief Executive Ryan Cohen in his first livestream since 2021 on June 7. \n</p>\n<p>\n     Related: GameStop's stock suffers worst day since 2021 despite Roaring Kitty livestream \n</p>\n<p>\n     There was another meme stock twist on June 27 when Gill posted an image of a dog on X. The post sparked speculation that it could be a reference to Chewy Inc. <a href=\"https://laohu8.com/S/CHWY\">$(CHWY)$</a>, an online retailer of pet products, sending the stock surging. \n</p>\n<p>\n     GameStop CEO Ryan Cohen is the former CEO and co-founder of Chewy. \n</p>\n<p>\n     It was subsequently disclosed in a filing with the Securities and Exchange Commission that Gill has a 6.6% stake in Chewy. \n</p>\n<p>\n     Related: Roaring Kitty cements Chewy's meme-stock status, despite company's improving fundamentals \n</p>\n<p>\n     Other stocks, such as BlackBerry Ltd. <a href=\"https://laohu8.com/S/BB\">$(BB)$</a> and headphone maker Koss Corp. <a href=\"https://laohu8.com/S/KOSS\">$(KOSS)$</a> were also lifted in the recent meme-stock frenzy, with the latter climbing again on rumors that Gill would be buying shares. \n</p>\n<p>\n     \"Here we go again,\" wrote @WingGirlTrader, on X, formerly Twitter, with a facepalm emoji, on July 5. \"Stock spiking of rumor of Roaring Kitty getting involved in purchasing shares.\" \n</p>\n<p>\n     \"Thanks to the tin foil hat conspiracy theorists on reddit for this one!\" wrote @neel_trades on X on July 3. \"Happy with this trade all around, great one to review and add to the database.\" \n</p>\n<p>\n     Related: Koss's stock pares gains after spike amid rumors of interest from Roaring Kitty \n</p>\n<p>\n     Gill has not made any public posts about Koss. \n</p>\n<p>\n     Finance Professor Horstmeyer thinks that meme stocks will be around for the foreseeable future. \n</p>\n<p>\n     \"As long as you have these platforms that charge no fees, and there's more and more products out there - the more leveraged products there are, the more these meme stocks will pop up,\" he told MarketWatch. \n</p>\n<p>\n     The anti-establishment vibe that swirls around the meme-stock world will also endure, thanks in no small part to social media, according to Horstmeyer. \n</p>\n<p>\n     \"A lot of these meme stocks, people think that they are sticking it to the powers that be,\" he said. \"To screw over the high-frequency traders, to screw over the shorts.\" \n</p>\n<p>\n     -James Rogers \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 11, 2024 08:05 ET (12:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-07-11 20:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?\n</p>\n<p>\n  By James Rogers \n</p>\n<p>\n     Meme stocks are alive and kicking, despite rumors of their demise, says Derek Horstmeyer, professor of finance at the Costello College of Business at George Mason University \n</p>\n<p>\n     The last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media. \n</p>\n<p>\n     The recent flurry of activity proved that meme stocks are alive and kicking, despite rumors of their demise. \"I think we all predicted meme stocks will disappear when they raised interest rates, that it would stop the party, but it didn't,\" Derek Horstmeyer, a professor of finance at the Costello College of Business at George Mason University. \"I think when they lower them, it's going to be more full on - you can borrow at a lower cost. \n</p>\n<p>\n     \"I think the party will be even more on,\" he added. \n</p>\n<p>\n     Related: Why Roaring Kitty is a GameStop 'true believer' \n</p>\n<p>\n     Gill posts as Roaring Kitty on X, formerly known as Twitter, and YouTube. He uses the moniker u/DeepF-ingValue when posting on <a href=\"https://laohu8.com/S/RDDT\">Reddit</a> Inc. (RDDT). While Gill clearly looms large over the meme-stock landscape, Horstmeyer thinks that other figures could also emerge as key players. \"You never know who is going to be the next celebrity in this circle of meme-stock investors,\" he said. \n</p>\n<p>\n     The professor pointed to AMC Entertainment Holdings Inc. <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> CEO Adam Aron and his relationship with the investors, who refer to themselves as 'apes', that turned the movie-theater chain into an original meme stock in 2021. \"Who would have predicted the AMC CEO becoming beloved in the meme world?\" Horstmeyer added. \n</p>\n<p>\n     Gill, a pivotal figure in the 2021 meme stock frenzy, recently increased his stake in meme stock GameStop Corp. <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>, sending it skyrocketing. The trader also voiced his support for GameStop Chief Executive Ryan Cohen in his first livestream since 2021 on June 7. \n</p>\n<p>\n     Related: GameStop's stock suffers worst day since 2021 despite Roaring Kitty livestream \n</p>\n<p>\n     There was another meme stock twist on June 27 when Gill posted an image of a dog on X. The post sparked speculation that it could be a reference to Chewy Inc. <a href=\"https://laohu8.com/S/CHWY\">$(CHWY)$</a>, an online retailer of pet products, sending the stock surging. \n</p>\n<p>\n     GameStop CEO Ryan Cohen is the former CEO and co-founder of Chewy. \n</p>\n<p>\n     It was subsequently disclosed in a filing with the Securities and Exchange Commission that Gill has a 6.6% stake in Chewy. \n</p>\n<p>\n     Related: Roaring Kitty cements Chewy's meme-stock status, despite company's improving fundamentals \n</p>\n<p>\n     Other stocks, such as BlackBerry Ltd. <a href=\"https://laohu8.com/S/BB\">$(BB)$</a> and headphone maker Koss Corp. <a href=\"https://laohu8.com/S/KOSS\">$(KOSS)$</a> were also lifted in the recent meme-stock frenzy, with the latter climbing again on rumors that Gill would be buying shares. \n</p>\n<p>\n     \"Here we go again,\" wrote @WingGirlTrader, on X, formerly Twitter, with a facepalm emoji, on July 5. \"Stock spiking of rumor of Roaring Kitty getting involved in purchasing shares.\" \n</p>\n<p>\n     \"Thanks to the tin foil hat conspiracy theorists on reddit for this one!\" wrote @neel_trades on X on July 3. \"Happy with this trade all around, great one to review and add to the database.\" \n</p>\n<p>\n     Related: Koss's stock pares gains after spike amid rumors of interest from Roaring Kitty \n</p>\n<p>\n     Gill has not made any public posts about Koss. \n</p>\n<p>\n     Finance Professor Horstmeyer thinks that meme stocks will be around for the foreseeable future. \n</p>\n<p>\n     \"As long as you have these platforms that charge no fees, and there's more and more products out there - the more leveraged products there are, the more these meme stocks will pop up,\" he told MarketWatch. \n</p>\n<p>\n     The anti-establishment vibe that swirls around the meme-stock world will also endure, thanks in no small part to social media, according to Horstmeyer. \n</p>\n<p>\n     \"A lot of these meme stocks, people think that they are sticking it to the powers that be,\" he said. \"To screw over the high-frequency traders, to screw over the shorts.\" \n</p>\n<p>\n     -James Rogers \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 11, 2024 08:05 ET (12:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4108":"电影和娱乐","BK4577":"网络游戏","KOSS":"高斯电子","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4097":"系统软件","BK4077":"互动媒体与服务","BK4588":"碎股","BK4122":"互联网与直销零售","CHWY":"Chewy, Inc.","BK4078":"消费电子产品","GME":"游戏驿站","BK4200":"专卖店","BK4076":"电脑与电子产品零售","AMC":"AMC院线","BK4548":"巴美列捷福持仓","RDDT":"Reddit"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2450596153","content_text":"MW Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?\n\n\n  By James Rogers \n\n\n     Meme stocks are alive and kicking, despite rumors of their demise, says Derek Horstmeyer, professor of finance at the Costello College of Business at George Mason University \n\n\n     The last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media. \n\n\n     The recent flurry of activity proved that meme stocks are alive and kicking, despite rumors of their demise. \"I think we all predicted meme stocks will disappear when they raised interest rates, that it would stop the party, but it didn't,\" Derek Horstmeyer, a professor of finance at the Costello College of Business at George Mason University. \"I think when they lower them, it's going to be more full on - you can borrow at a lower cost. \n\n\n     \"I think the party will be even more on,\" he added. \n\n\n     Related: Why Roaring Kitty is a GameStop 'true believer' \n\n\n     Gill posts as Roaring Kitty on X, formerly known as Twitter, and YouTube. He uses the moniker u/DeepF-ingValue when posting on Reddit Inc. (RDDT). While Gill clearly looms large over the meme-stock landscape, Horstmeyer thinks that other figures could also emerge as key players. \"You never know who is going to be the next celebrity in this circle of meme-stock investors,\" he said. \n\n\n     The professor pointed to AMC Entertainment Holdings Inc. $(AMC)$ CEO Adam Aron and his relationship with the investors, who refer to themselves as 'apes', that turned the movie-theater chain into an original meme stock in 2021. \"Who would have predicted the AMC CEO becoming beloved in the meme world?\" Horstmeyer added. \n\n\n     Gill, a pivotal figure in the 2021 meme stock frenzy, recently increased his stake in meme stock GameStop Corp. $(GME)$, sending it skyrocketing. The trader also voiced his support for GameStop Chief Executive Ryan Cohen in his first livestream since 2021 on June 7. \n\n\n     Related: GameStop's stock suffers worst day since 2021 despite Roaring Kitty livestream \n\n\n     There was another meme stock twist on June 27 when Gill posted an image of a dog on X. The post sparked speculation that it could be a reference to Chewy Inc. $(CHWY)$, an online retailer of pet products, sending the stock surging. \n\n\n     GameStop CEO Ryan Cohen is the former CEO and co-founder of Chewy. \n\n\n     It was subsequently disclosed in a filing with the Securities and Exchange Commission that Gill has a 6.6% stake in Chewy. \n\n\n     Related: Roaring Kitty cements Chewy's meme-stock status, despite company's improving fundamentals \n\n\n     Other stocks, such as BlackBerry Ltd. $(BB)$ and headphone maker Koss Corp. $(KOSS)$ were also lifted in the recent meme-stock frenzy, with the latter climbing again on rumors that Gill would be buying shares. \n\n\n     \"Here we go again,\" wrote @WingGirlTrader, on X, formerly Twitter, with a facepalm emoji, on July 5. \"Stock spiking of rumor of Roaring Kitty getting involved in purchasing shares.\" \n\n\n     \"Thanks to the tin foil hat conspiracy theorists on reddit for this one!\" wrote @neel_trades on X on July 3. \"Happy with this trade all around, great one to review and add to the database.\" \n\n\n     Related: Koss's stock pares gains after spike amid rumors of interest from Roaring Kitty \n\n\n     Gill has not made any public posts about Koss. \n\n\n     Finance Professor Horstmeyer thinks that meme stocks will be around for the foreseeable future. \n\n\n     \"As long as you have these platforms that charge no fees, and there's more and more products out there - the more leveraged products there are, the more these meme stocks will pop up,\" he told MarketWatch. \n\n\n     The anti-establishment vibe that swirls around the meme-stock world will also endure, thanks in no small part to social media, according to Horstmeyer. \n\n\n     \"A lot of these meme stocks, people think that they are sticking it to the powers that be,\" he said. \"To screw over the high-frequency traders, to screw over the shorts.\" \n\n\n     -James Rogers \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 11, 2024 08:05 ET (12:05 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322713330929736,"gmtCreate":1719817794009,"gmtModify":1719817797538,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"What can I say, he obviously likes the stock.","listText":"What can I say, he obviously likes the stock.","text":"What can I say, he obviously likes the stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322713330929736","repostId":"1132645941","repostType":2,"repost":{"id":"1132645941","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1719814115,"share":"https://ttm.financial/m/news/1132645941?lang=&edition=fundamental","pubTime":"2024-07-01 14:08","market":"us","language":"en","title":"\"Roaring Kitty\" Accused Of Gamestop Pump-And-Dump Scheme In Class Action Lawsuit","url":"https://stock-news.laohu8.com/highlight/detail?id=1132645941","media":"Benzinga","summary":"Keith Patrick Gill, popularly known as “Roaring Kitty” on social media, is facing a new class action lawsuit over allegations of a pump-and-dump scheme involving $GameStop Corp.(GME)$ securities.What ","content":"<html><head></head><body><p><strong>Keith Patrick Gill</strong>, popularly known as “Roaring Kitty” on social media, is facing a new class action lawsuit over allegations of a pump-and-dump scheme involving <a href=\"https://laohu8.com/S/GME\">GameStop Corp.</a> securities.</p><p style=\"text-align: start;\"><strong>What Happened</strong>: A court document filed on June 28, in the Eastern District of New York, reveals that plaintiff Martin Radev accuses Gill of manipulating GameStop’s stock price through his social media influence. Known for his significant role in the “meme stock” movement, Gill is a former financial analyst.</p><p style=\"text-align: start;\">The lawsuit alleges that Gill discreetly bought a large number of GameStop call options before making a social media post on May 12, 2024, which sparked renewed interest in the company’s stock. The stock price soared over 74% the following day. Gill is then alleged to have disclosed his large stake in the company on June 2, leading to another surge in the stock price.</p><p style=\"text-align: start;\">On June 3, The Wall Street Journal reported that Gill had bought a large volume of GameStop options just before his May 12 post. This news led to a 5.36% drop in GameStop’s stock price, according to the filing.</p><p>On June 13, Gill posted a screenshot of his GameStop portfolio, revealing that he no longer held the call options but had increased his position in GameStop stock. The lawsuit alleges that Gill profited from these transactions, describing his actions as a pump-and-dump scheme.</p><p style=\"text-align: start;\">The lawsuit aims to recover damages resulting from Gill’s alleged violations of federal securities laws.</p><p style=\"text-align: start;\">“As a result of Defendant&#39;s wrongful acts and omissions, and the precipitous decline in the market value of the Company&#39;s securities, Plaintiff and other Class members have suffered significant losses and damages,” said the lawsuit.</p><p style=\"text-align: start;\"><strong>Why It Matters</strong>: Roaring Kitty’s influence among Redditors, especially users of r/WallStreetBets, is significant. Interestingly the latest lawsuit was peppered with memes posted by Gill on social media. The filing noted that one post on May 12 garnered nearly 28.5 million views, 12,000 comments and 135,000 reactions.</p><p>Following this, on June 4, 2024, Massachusetts’ top securities regulator began investigating Gill’s recent trading activity over potential manipulation.</p><p style=\"text-align: start;\">By June 16, 2024, Gill had accumulated a stake of $262 million in GameStop, leading to discussions about market manipulation in the meme-stock era.</p><p style=\"text-align: start;\">Price Action: On Friday, GameStop shares closed 1.6% lower at $24.69, according to data from Benzinga Pro.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Roaring Kitty\" Accused Of Gamestop Pump-And-Dump Scheme In Class Action Lawsuit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Roaring Kitty\" Accused Of Gamestop Pump-And-Dump Scheme In Class Action Lawsuit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-07-01 14:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><strong>Keith Patrick Gill</strong>, popularly known as “Roaring Kitty” on social media, is facing a new class action lawsuit over allegations of a pump-and-dump scheme involving <a href=\"https://laohu8.com/S/GME\">GameStop Corp.</a> securities.</p><p style=\"text-align: start;\"><strong>What Happened</strong>: A court document filed on June 28, in the Eastern District of New York, reveals that plaintiff Martin Radev accuses Gill of manipulating GameStop’s stock price through his social media influence. Known for his significant role in the “meme stock” movement, Gill is a former financial analyst.</p><p style=\"text-align: start;\">The lawsuit alleges that Gill discreetly bought a large number of GameStop call options before making a social media post on May 12, 2024, which sparked renewed interest in the company’s stock. The stock price soared over 74% the following day. Gill is then alleged to have disclosed his large stake in the company on June 2, leading to another surge in the stock price.</p><p style=\"text-align: start;\">On June 3, The Wall Street Journal reported that Gill had bought a large volume of GameStop options just before his May 12 post. This news led to a 5.36% drop in GameStop’s stock price, according to the filing.</p><p>On June 13, Gill posted a screenshot of his GameStop portfolio, revealing that he no longer held the call options but had increased his position in GameStop stock. The lawsuit alleges that Gill profited from these transactions, describing his actions as a pump-and-dump scheme.</p><p style=\"text-align: start;\">The lawsuit aims to recover damages resulting from Gill’s alleged violations of federal securities laws.</p><p style=\"text-align: start;\">“As a result of Defendant&#39;s wrongful acts and omissions, and the precipitous decline in the market value of the Company&#39;s securities, Plaintiff and other Class members have suffered significant losses and damages,” said the lawsuit.</p><p style=\"text-align: start;\"><strong>Why It Matters</strong>: Roaring Kitty’s influence among Redditors, especially users of r/WallStreetBets, is significant. Interestingly the latest lawsuit was peppered with memes posted by Gill on social media. The filing noted that one post on May 12 garnered nearly 28.5 million views, 12,000 comments and 135,000 reactions.</p><p>Following this, on June 4, 2024, Massachusetts’ top securities regulator began investigating Gill’s recent trading activity over potential manipulation.</p><p style=\"text-align: start;\">By June 16, 2024, Gill had accumulated a stake of $262 million in GameStop, leading to discussions about market manipulation in the meme-stock era.</p><p style=\"text-align: start;\">Price Action: On Friday, GameStop shares closed 1.6% lower at $24.69, according to data from Benzinga Pro.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132645941","content_text":"Keith Patrick Gill, popularly known as “Roaring Kitty” on social media, is facing a new class action lawsuit over allegations of a pump-and-dump scheme involving GameStop Corp. securities.What Happened: A court document filed on June 28, in the Eastern District of New York, reveals that plaintiff Martin Radev accuses Gill of manipulating GameStop’s stock price through his social media influence. Known for his significant role in the “meme stock” movement, Gill is a former financial analyst.The lawsuit alleges that Gill discreetly bought a large number of GameStop call options before making a social media post on May 12, 2024, which sparked renewed interest in the company’s stock. The stock price soared over 74% the following day. Gill is then alleged to have disclosed his large stake in the company on June 2, leading to another surge in the stock price.On June 3, The Wall Street Journal reported that Gill had bought a large volume of GameStop options just before his May 12 post. This news led to a 5.36% drop in GameStop’s stock price, according to the filing.On June 13, Gill posted a screenshot of his GameStop portfolio, revealing that he no longer held the call options but had increased his position in GameStop stock. The lawsuit alleges that Gill profited from these transactions, describing his actions as a pump-and-dump scheme.The lawsuit aims to recover damages resulting from Gill’s alleged violations of federal securities laws.“As a result of Defendant's wrongful acts and omissions, and the precipitous decline in the market value of the Company's securities, Plaintiff and other Class members have suffered significant losses and damages,” said the lawsuit.Why It Matters: Roaring Kitty’s influence among Redditors, especially users of r/WallStreetBets, is significant. Interestingly the latest lawsuit was peppered with memes posted by Gill on social media. The filing noted that one post on May 12 garnered nearly 28.5 million views, 12,000 comments and 135,000 reactions.Following this, on June 4, 2024, Massachusetts’ top securities regulator began investigating Gill’s recent trading activity over potential manipulation.By June 16, 2024, Gill had accumulated a stake of $262 million in GameStop, leading to discussions about market manipulation in the meme-stock era.Price Action: On Friday, GameStop shares closed 1.6% lower at $24.69, according to data from Benzinga Pro.","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316140051321088,"gmtCreate":1718212340403,"gmtModify":1718212344212,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"The first domino","listText":"The first domino","text":"The first domino","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316140051321088","repostId":"1106685570","repostType":2,"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315955363012680,"gmtCreate":1718168954610,"gmtModify":1718168958139,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"Shorts never closed&nbsp;","listText":"Shorts never closed&nbsp;","text":"Shorts never closed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315955363012680","repostId":"2442396801","repostType":2,"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314264075878648,"gmtCreate":1717755964780,"gmtModify":1717755968938,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"Shorts never closed.&nbsp;","listText":"Shorts never closed.&nbsp;","text":"Shorts never closed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/314264075878648","repostId":"2441053270","repostType":2,"repost":{"id":"2441053270","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1717757242,"share":"https://ttm.financial/m/news/2441053270?lang=&edition=fundamental","pubTime":"2024-06-07 18:47","market":"us","language":"en","title":"GameStop Posts Decline in Quarterly Sales, Reveals Plan to Sell More Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2441053270","media":"Reuters","summary":"June 7  - GameStop reported a decline in first-quarter net sales on Friday, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.The company posted net sales of $881.8 million in the quarter ended May 4, compared with $1.24 billion in the same period a year earlier.The shares jumped 25% in premarket trading.","content":"<html><head></head><body><p>【<a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata=%7B%22liveId%22:%221801129300007002%22,%22type%22:1%7D\" title=\"Click here to tune into &#34;Roaring Kitty&#34; live broadcast\" target=\"_blank\" class=\"\">Click here to tune into &#34;Roaring Kitty&#34; live broadcast</a> 】</p><p>June 7 (Reuters) - GameStop reported a decline in first-quarter net sales on Friday, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.</p><p>The company posted net sales of $881.8 million in the quarter ended May 4, compared with $1.24 billion in the same period a year earlier. The sales decline was steeper than the two Wall Street analysts that cover the stock expected. Their estimates were in a range of $900 million to $1.09 billion per FactSet.</p><p>GameStop lost $32.3 million during the quarter, a narrower loss than the $50.5 million suffered in the year-earlier period.</p><p>The company also gave an update on its ongoing stock sales, saying it would sell an additional 30 million shares on top of the 45 million it had already sold.</p><p>The first quarter results came as a surprise. The company, which will be the subject of a YouTube livestream by meme trader &#34;Roaring Kitty&#34; later Friday, was supposed to release results next week. The shares tumbled 16% in premarket trading, erasing earlier gains.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/50a8f63752a3bc003ae6396a55a273b9\" title=\"\" tg-width=\"863\" tg-height=\"628\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Posts Decline in Quarterly Sales, Reveals Plan to Sell More Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Posts Decline in Quarterly Sales, Reveals Plan to Sell More Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-06-07 18:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>【<a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata=%7B%22liveId%22:%221801129300007002%22,%22type%22:1%7D\" title=\"Click here to tune into &#34;Roaring Kitty&#34; live broadcast\" target=\"_blank\" class=\"\">Click here to tune into &#34;Roaring Kitty&#34; live broadcast</a> 】</p><p>June 7 (Reuters) - GameStop reported a decline in first-quarter net sales on Friday, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.</p><p>The company posted net sales of $881.8 million in the quarter ended May 4, compared with $1.24 billion in the same period a year earlier. The sales decline was steeper than the two Wall Street analysts that cover the stock expected. Their estimates were in a range of $900 million to $1.09 billion per FactSet.</p><p>GameStop lost $32.3 million during the quarter, a narrower loss than the $50.5 million suffered in the year-earlier period.</p><p>The company also gave an update on its ongoing stock sales, saying it would sell an additional 30 million shares on top of the 45 million it had already sold.</p><p>The first quarter results came as a surprise. The company, which will be the subject of a YouTube livestream by meme trader &#34;Roaring Kitty&#34; later Friday, was supposed to release results next week. The shares tumbled 16% in premarket trading, erasing earlier gains.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/50a8f63752a3bc003ae6396a55a273b9\" title=\"\" tg-width=\"863\" tg-height=\"628\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2441053270","content_text":"【Click here to tune into \"Roaring Kitty\" live broadcast 】June 7 (Reuters) - GameStop reported a decline in first-quarter net sales on Friday, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.The company posted net sales of $881.8 million in the quarter ended May 4, compared with $1.24 billion in the same period a year earlier. The sales decline was steeper than the two Wall Street analysts that cover the stock expected. Their estimates were in a range of $900 million to $1.09 billion per FactSet.GameStop lost $32.3 million during the quarter, a narrower loss than the $50.5 million suffered in the year-earlier period.The company also gave an update on its ongoing stock sales, saying it would sell an additional 30 million shares on top of the 45 million it had already sold.The first quarter results came as a surprise. The company, which will be the subject of a YouTube livestream by meme trader \"Roaring Kitty\" later Friday, was supposed to release results next week. The shares tumbled 16% in premarket trading, erasing earlier gains.","news_type":1},"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4093561479903300","authorId":"4093561479903300","name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","crmLevel":9,"crmLevelSwitch":1,"idStr":"4093561479903300","authorIdStr":"4093561479903300"},"content":"Shorts will short it back to $20. GME will come back down to earth.","text":"Shorts will short it back to $20. GME will come back down to earth.","html":"Shorts will short it back to $20. GME will come back down to earth."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314078630662200,"gmtCreate":1717699827524,"gmtModify":1717699831425,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"Investigate jim crammer for manipulation,&nbsp; shorts never closed","listText":"Investigate jim crammer for manipulation,&nbsp; shorts never closed","text":"Investigate jim crammer for manipulation, shorts never closed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/314078630662200","repostId":"2441262795","repostType":2,"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313753903861784,"gmtCreate":1717638481506,"gmtModify":1717638485503,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"This play is not about business fundamentals although company has minimal debt,&nbsp; was profitable last quarter,&nbsp; has 2bn in cash as Victor said shorts never closed.... boom","listText":"This play is not about business fundamentals although company has minimal debt,&nbsp; was profitable last quarter,&nbsp; has 2bn in cash as Victor said shorts never closed.... boom","text":"This play is not about business fundamentals although company has minimal debt, was profitable last quarter, has 2bn in cash as Victor said shorts never closed.... boom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313753903861784","repostId":"2441778574","repostType":2,"isVote":1,"tweetType":1,"viewCount":428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312172856303656,"gmtCreate":1717239842324,"gmtModify":1717249059595,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"I agree with Victor,&nbsp; shorts never closed.","listText":"I agree with Victor,&nbsp; shorts never closed.","text":"I agree with Victor, shorts never closed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312172856303656","repostId":"2439154489","repostType":2,"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":305706295718144,"gmtCreate":1715669825632,"gmtModify":1715669962313,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"as Victor said shorts never closed... boom","listText":"as Victor said shorts never closed... boom","text":"as Victor said shorts never closed... boom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/305706295718144","isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300409727553672,"gmtCreate":1714361641223,"gmtModify":1714368233379,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"As Victor said shorts never closed.... boom","listText":"As Victor said shorts never closed.... boom","text":"As Victor said shorts never closed.... boom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300409727553672","repostId":"2430080557","repostType":2,"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":214934169034864,"gmtCreate":1693511067733,"gmtModify":1693520718221,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"I like the stock&nbsp;","listText":"I like the stock&nbsp;","text":"I like the stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214934169034864","repostId":"1137858821","repostType":2,"repost":{"id":"1137858821","kind":"news","pubTimestamp":1692491546,"share":"https://ttm.financial/m/news/1137858821?lang=&edition=fundamental","pubTime":"2023-08-20 08:32","market":"us","language":"en","title":"BBBYQ Stock Alert: Get Ready for Liquidation After Sept. 12","url":"https://stock-news.laohu8.com/highlight/detail?id=1137858821","media":"InvestorPlace","summary":"Bed Bath & Beyond (BBBYQ) will hold a plan confirmation hearing related to its bankruptcy on Sept. 12.Shareholders should expect their interest in the company to be extinguished as part of Bed Bath’s ","content":"<html><head></head><body><ul><li><p><strong>Bed Bath &amp; Beyond</strong> (<strong><u>BBBYQ</u></strong>) will hold a plan confirmation hearing related to its bankruptcy on Sept. 12.</p></li><li><p>Shareholders should expect their interest in the company to be extinguished as part of Bed Bath’s bankruptcy plan.</p></li><li><p>BBBYQ stock is down by about 91% so far this year.</p></li></ul><p style=\"text-align: start;\"><strong>Bed Bath &amp; Beyond</strong> (OTCMKTS: BBBYQ) stock has fallen by about 50% this month and 90% so far in 2023 as its shareholders prepare for the closing of the company. On July 20, the retailer released its Chapter 11 bankruptcy plan, disclosing that shareholders would not receive anything following its bankruptcy:</p><blockquote>“In full and final satisfaction of each Allowed Interest in BBB, each Allowed Interest in BBB shall be canceled, released, and extinguished, and will be of no further force or effect, and no Holder of Interests in BBB shall be entitled to any recovery or distribution under the Plan on account of such Interests.”</blockquote><p style=\"text-align: start;\">In June, it was announced that <strong>Overstock</strong> (NASDAQ: OSTK) had acquired some of Bed Bath’s intellectual property (IP) assets — including its website and domain name — for $21.5 million. Overstock also has plans to change its stock ticker from OSTK to BBBY, according to <em>The Street</em>.</p><h2 id=\"id_3814720169\" style=\"text-align: start;\">BBBYQ Stock: Mark Your Calendars for Sept. 12</h2><p style=\"text-align: start;\">The Bed Bath brand will live on, but under the management of Overstock. The official Bed Bath website is currently operational under the power of Overstock, experiencing an interface makeover and an updated loyalty program in the U.S. On the flip side, all Bed Bath locations have officially shut down. The company’s bankruptcy files estimate that about $636 million of inventory will flow to its Debtor-in-Possession (DIP) budget.</p><p style=\"text-align: start;\">Shareholders were also disappointed with Bed Bath’s sale of Buy Buy Baby, which was thought to be the company’s strongest asset. <strong>Dream on Me Industries</strong>, a supplier to Bed Bath, acquired Buy Buy Baby’s IP for $15.5 million and later 11 of the brand’s leasing rights for $1.17 million. <em>CNBC </em>reports that these stores are “well-positioned to reopen” and located in popular real estate locations. Buy Buy Baby’s stores could reopen by as soon as this fall, backed by ambitious goals from Dream on Me’s management. The company’s Chief Marketing Officer, Avish Dahiya, previously disclosed plans to set up between 100 and 120 stores over the next one to three years.</p><p style=\"text-align: start;\">For now, its apparent that BBBYQ stock only trades on speculation as the closing of the company draws closer. On Sept. 12, the company will hold a plan confirmation hearing to discuss the bankruptcy and final approval of its disclosure statement.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BBBYQ Stock Alert: Get Ready for Liquidation After Sept. 12</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBBBYQ Stock Alert: Get Ready for Liquidation After Sept. 12\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-20 08:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/08/bbbyq-stock-alert-get-ready-for-liquidation-after-sept-12/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bed Bath & Beyond (BBBYQ) will hold a plan confirmation hearing related to its bankruptcy on Sept. 12.Shareholders should expect their interest in the company to be extinguished as part of Bed Bath’s ...</p>\n\n<a href=\"https://investorplace.com/2023/08/bbbyq-stock-alert-get-ready-for-liquidation-after-sept-12/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居"},"source_url":"https://investorplace.com/2023/08/bbbyq-stock-alert-get-ready-for-liquidation-after-sept-12/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137858821","content_text":"Bed Bath & Beyond (BBBYQ) will hold a plan confirmation hearing related to its bankruptcy on Sept. 12.Shareholders should expect their interest in the company to be extinguished as part of Bed Bath’s bankruptcy plan.BBBYQ stock is down by about 91% so far this year.Bed Bath & Beyond (OTCMKTS: BBBYQ) stock has fallen by about 50% this month and 90% so far in 2023 as its shareholders prepare for the closing of the company. On July 20, the retailer released its Chapter 11 bankruptcy plan, disclosing that shareholders would not receive anything following its bankruptcy:“In full and final satisfaction of each Allowed Interest in BBB, each Allowed Interest in BBB shall be canceled, released, and extinguished, and will be of no further force or effect, and no Holder of Interests in BBB shall be entitled to any recovery or distribution under the Plan on account of such Interests.”In June, it was announced that Overstock (NASDAQ: OSTK) had acquired some of Bed Bath’s intellectual property (IP) assets — including its website and domain name — for $21.5 million. Overstock also has plans to change its stock ticker from OSTK to BBBY, according to The Street.BBBYQ Stock: Mark Your Calendars for Sept. 12The Bed Bath brand will live on, but under the management of Overstock. The official Bed Bath website is currently operational under the power of Overstock, experiencing an interface makeover and an updated loyalty program in the U.S. On the flip side, all Bed Bath locations have officially shut down. The company’s bankruptcy files estimate that about $636 million of inventory will flow to its Debtor-in-Possession (DIP) budget.Shareholders were also disappointed with Bed Bath’s sale of Buy Buy Baby, which was thought to be the company’s strongest asset. Dream on Me Industries, a supplier to Bed Bath, acquired Buy Buy Baby’s IP for $15.5 million and later 11 of the brand’s leasing rights for $1.17 million. CNBC reports that these stores are “well-positioned to reopen” and located in popular real estate locations. Buy Buy Baby’s stores could reopen by as soon as this fall, backed by ambitious goals from Dream on Me’s management. The company’s Chief Marketing Officer, Avish Dahiya, previously disclosed plans to set up between 100 and 120 stores over the next one to three years.For now, its apparent that BBBYQ stock only trades on speculation as the closing of the company draws closer. On Sept. 12, the company will hold a plan confirmation hearing to discuss the bankruptcy and final approval of its disclosure statement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":314078630662200,"gmtCreate":1717699827524,"gmtModify":1717699831425,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"Investigate jim crammer for manipulation,&nbsp; shorts never closed","listText":"Investigate jim crammer for manipulation,&nbsp; shorts never closed","text":"Investigate jim crammer for manipulation, shorts never closed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/314078630662200","repostId":"2441262795","repostType":2,"repost":{"id":"2441262795","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1717684720,"share":"https://ttm.financial/m/news/2441262795?lang=&edition=fundamental","pubTime":"2024-06-06 22:38","market":"nz","language":"en","title":"Keith Gill's GameStop Trades Pose Conundrum for Market Cops","url":"https://stock-news.laohu8.com/highlight/detail?id=2441262795","media":"Dow Jones","summary":"Keith Gill placed a big bet on GameStop, then single-handedly moved the stock higher by returning to social media. Was that market manipulation?Lawyers say it is unlikely that the Securities and Exchange Commission could bring a case against Gill, the meme-stock influencer known as Roaring Kitty, based on the facts currently known about his trading.For the SEC to sue Gill for manipulation, it would need evidence that he deceived the market in some fashion. But there is nothing clearly deceptive about Gill's tweeting of cryptic memes or revealing the size of his GameStop position. It has reached a whopping $260 million in shares and options contracts, according to a post on his Reddit account on Monday afternoon.Gill, a former registered stockbroker, is likely to have a solid understanding of regulations governing stock trading. He holds several securities-industry licenses, and a decade ago he was the chief compliance officer at Lucidia, a New Hampshire-based in","content":"<html><head></head><body><p>Keith Gill placed a big bet on GameStop, then single-handedly moved the stock higher by returning to social media. Was that market manipulation?</p><p>Lawyers say it is unlikely that the Securities and Exchange Commission could bring a case against Gill, the meme-stock influencer known as Roaring Kitty, based on the facts currently known about his trading.</p><p>For the SEC to sue Gill for manipulation, it would need evidence that he deceived the market in some fashion. But there is nothing clearly deceptive about Gill&#39;s tweeting of cryptic memes or revealing the size of his GameStop position. It has reached a whopping $260 million in shares and options contracts, according to a post on his <a href=\"https://laohu8.com/S/RDDT\">Reddit</a> account on Monday afternoon.</p><p>&#34;What he&#39;s doing is exploiting a gap in the rules,&#34; said Daniel Hawke, a partner at the law firm Arnold &amp; Porter Kaye Scholer and former head of the SEC&#39;s market-abuse unit. &#34;He is using his celebrity and influence to draw people to buy the stock. The rules that exist do not permit the SEC to prosecute that conduct unless there is an element of deception.&#34;</p><p>The Wall Street Journal reported this week that Gill purchased a large number of GameStop call options before reappearing May 12 on social media. Such options provide the right to buy a stock at a specified price, and bullish investors can use them to place big leveraged bets.</p><p>Gill&#39;s trades and tweets prompted discussions at E*Trade, his brokerage platform, and its parent company, Morgan Stanley, over whether he should be booted off the platform over potentially manipulative trades, the Journal reported.</p><p>GameStop shares are up 81% since Gill returned to X, formerly known as Twitter, with an image of a man leaning forward in a chair. It was his first tweet after a nearly three-year hiatus. More tweets followed, featuring clips from movies and TV shows such as &#34;Seinfeld,&#34; self-referential memes, images of cats, and the occasional GameStop logo layered onto the videos.</p><p>It is a testament to Gill&#39;s fame that such posts nonetheless ignited a rally. During the original meme-stock mania in January 2021, the headband-wearing Gill became an internet celebrity by posting videos on why he felt that GameStop -- a beaten-down, bricks-and-mortar retailer of videogames -- was undervalued. A movement of investors emerged in his wake, seeing Gill as its perceived champion against short-selling hedge-fund managers who bet against GameStop and other stocks. Gill later testified before Congress and became the hero of the 2023 Sony Pictures film &#34; Dumb Money.&#34;</p><p>A lawyer who previously represented Gill declined to comment, and Gill didn&#39;t respond to messages.</p><p>Gill, a former registered stockbroker, is likely to have a solid understanding of regulations governing stock trading. He holds several securities-industry licenses, and a decade ago he was the chief compliance officer at Lucidia, a New Hampshire-based investment-advisory firm that is now defunct, regulatory filings show.</p><p>The SEC has a history of successfully prosecuting fraud cases in pump-and-dump schemes, in which the masterminds of the scheme promote a stock online -- often with false claims -- while quietly selling the stock as soon as it rallies. Gill&#39;s recent actions don&#39;t fall into that framework. None of his posts have been explicit endorsements of investing in GameStop or claims about the company&#39;s financial prospects. It is unclear whether Gill has sold his shares, or whether he is still amassing a giant GameStop stake.</p><p>Gill&#39;s actions don&#39;t appear to be insider trading, either, since he isn&#39;t a GameStop executive with special knowledge of the company&#39;s business.</p><p>Still, for some market observers, Gill&#39;s actions are blatantly abusive.</p><p>&#34;This is obviously market manipulation. I can&#39;t believe we&#39;re even having this conversation,&#34; said Matt Stoller, director of research at the American Economic Liberties Project. &#34;If market-manipulation law doesn&#39;t handle this, then what&#39;s it for?&#34;</p><p>Other market veterans say Gill isn&#39;t doing anything wildly different from a Wall Street fund manager who holds a stock and discusses it on television. Steve Sosnick, chief strategist at Interactive Brokers, compared Gill&#39;s actions to an activist investor who quietly amasses a stake in a company, then reveals it publicly in hopes that the activist&#39;s entry into the stock will send it higher.</p><p>&#34;He&#39;s hardly the first guy to talk his own book,&#34; Sosnick said.</p><p>There are a number of unanswered questions about Gill&#39;s trading. The short seller Andrew Left, who took out a bearish bet against GameStop in recent days, has speculated that Gill could be backed by other investors, citing the huge size of his position in GameStop shares.</p><p>Former SEC Chair Jay Clayton suggested in an interview with the Journal that Gill should publicly answer questions about his trading. Such questions include: Is he working with anyone else? How did Gill, an individual investor, finance his purchases of GameStop shares? Has he hedged any of his bets on GameStop? And what are his ultimate intentions?</p><p>&#34;Absent answers to these questions,&#34; Clayton said, &#34;I&#39;m very uncomfortable for retail investors and for market integrity.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keith Gill's GameStop Trades Pose Conundrum for Market Cops</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeith Gill's GameStop Trades Pose Conundrum for Market Cops\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-06 22:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Keith Gill placed a big bet on GameStop, then single-handedly moved the stock higher by returning to social media. Was that market manipulation?</p><p>Lawyers say it is unlikely that the Securities and Exchange Commission could bring a case against Gill, the meme-stock influencer known as Roaring Kitty, based on the facts currently known about his trading.</p><p>For the SEC to sue Gill for manipulation, it would need evidence that he deceived the market in some fashion. But there is nothing clearly deceptive about Gill&#39;s tweeting of cryptic memes or revealing the size of his GameStop position. It has reached a whopping $260 million in shares and options contracts, according to a post on his <a href=\"https://laohu8.com/S/RDDT\">Reddit</a> account on Monday afternoon.</p><p>&#34;What he&#39;s doing is exploiting a gap in the rules,&#34; said Daniel Hawke, a partner at the law firm Arnold &amp; Porter Kaye Scholer and former head of the SEC&#39;s market-abuse unit. &#34;He is using his celebrity and influence to draw people to buy the stock. The rules that exist do not permit the SEC to prosecute that conduct unless there is an element of deception.&#34;</p><p>The Wall Street Journal reported this week that Gill purchased a large number of GameStop call options before reappearing May 12 on social media. Such options provide the right to buy a stock at a specified price, and bullish investors can use them to place big leveraged bets.</p><p>Gill&#39;s trades and tweets prompted discussions at E*Trade, his brokerage platform, and its parent company, Morgan Stanley, over whether he should be booted off the platform over potentially manipulative trades, the Journal reported.</p><p>GameStop shares are up 81% since Gill returned to X, formerly known as Twitter, with an image of a man leaning forward in a chair. It was his first tweet after a nearly three-year hiatus. More tweets followed, featuring clips from movies and TV shows such as &#34;Seinfeld,&#34; self-referential memes, images of cats, and the occasional GameStop logo layered onto the videos.</p><p>It is a testament to Gill&#39;s fame that such posts nonetheless ignited a rally. During the original meme-stock mania in January 2021, the headband-wearing Gill became an internet celebrity by posting videos on why he felt that GameStop -- a beaten-down, bricks-and-mortar retailer of videogames -- was undervalued. A movement of investors emerged in his wake, seeing Gill as its perceived champion against short-selling hedge-fund managers who bet against GameStop and other stocks. Gill later testified before Congress and became the hero of the 2023 Sony Pictures film &#34; Dumb Money.&#34;</p><p>A lawyer who previously represented Gill declined to comment, and Gill didn&#39;t respond to messages.</p><p>Gill, a former registered stockbroker, is likely to have a solid understanding of regulations governing stock trading. He holds several securities-industry licenses, and a decade ago he was the chief compliance officer at Lucidia, a New Hampshire-based investment-advisory firm that is now defunct, regulatory filings show.</p><p>The SEC has a history of successfully prosecuting fraud cases in pump-and-dump schemes, in which the masterminds of the scheme promote a stock online -- often with false claims -- while quietly selling the stock as soon as it rallies. Gill&#39;s recent actions don&#39;t fall into that framework. None of his posts have been explicit endorsements of investing in GameStop or claims about the company&#39;s financial prospects. It is unclear whether Gill has sold his shares, or whether he is still amassing a giant GameStop stake.</p><p>Gill&#39;s actions don&#39;t appear to be insider trading, either, since he isn&#39;t a GameStop executive with special knowledge of the company&#39;s business.</p><p>Still, for some market observers, Gill&#39;s actions are blatantly abusive.</p><p>&#34;This is obviously market manipulation. I can&#39;t believe we&#39;re even having this conversation,&#34; said Matt Stoller, director of research at the American Economic Liberties Project. &#34;If market-manipulation law doesn&#39;t handle this, then what&#39;s it for?&#34;</p><p>Other market veterans say Gill isn&#39;t doing anything wildly different from a Wall Street fund manager who holds a stock and discusses it on television. Steve Sosnick, chief strategist at Interactive Brokers, compared Gill&#39;s actions to an activist investor who quietly amasses a stake in a company, then reveals it publicly in hopes that the activist&#39;s entry into the stock will send it higher.</p><p>&#34;He&#39;s hardly the first guy to talk his own book,&#34; Sosnick said.</p><p>There are a number of unanswered questions about Gill&#39;s trading. The short seller Andrew Left, who took out a bearish bet against GameStop in recent days, has speculated that Gill could be backed by other investors, citing the huge size of his position in GameStop shares.</p><p>Former SEC Chair Jay Clayton suggested in an interview with the Journal that Gill should publicly answer questions about his trading. Such questions include: Is he working with anyone else? How did Gill, an individual investor, finance his purchases of GameStop shares? Has he hedged any of his bets on GameStop? And what are his ultimate intentions?</p><p>&#34;Absent answers to these questions,&#34; Clayton said, &#34;I&#39;m very uncomfortable for retail investors and for market integrity.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4076":"电脑与电子产品零售","BK4577":"网络游戏","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","GME":"游戏驿站","BK4588":"碎股"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2441262795","content_text":"Keith Gill placed a big bet on GameStop, then single-handedly moved the stock higher by returning to social media. Was that market manipulation?Lawyers say it is unlikely that the Securities and Exchange Commission could bring a case against Gill, the meme-stock influencer known as Roaring Kitty, based on the facts currently known about his trading.For the SEC to sue Gill for manipulation, it would need evidence that he deceived the market in some fashion. But there is nothing clearly deceptive about Gill's tweeting of cryptic memes or revealing the size of his GameStop position. It has reached a whopping $260 million in shares and options contracts, according to a post on his Reddit account on Monday afternoon.\"What he's doing is exploiting a gap in the rules,\" said Daniel Hawke, a partner at the law firm Arnold & Porter Kaye Scholer and former head of the SEC's market-abuse unit. \"He is using his celebrity and influence to draw people to buy the stock. The rules that exist do not permit the SEC to prosecute that conduct unless there is an element of deception.\"The Wall Street Journal reported this week that Gill purchased a large number of GameStop call options before reappearing May 12 on social media. Such options provide the right to buy a stock at a specified price, and bullish investors can use them to place big leveraged bets.Gill's trades and tweets prompted discussions at E*Trade, his brokerage platform, and its parent company, Morgan Stanley, over whether he should be booted off the platform over potentially manipulative trades, the Journal reported.GameStop shares are up 81% since Gill returned to X, formerly known as Twitter, with an image of a man leaning forward in a chair. It was his first tweet after a nearly three-year hiatus. More tweets followed, featuring clips from movies and TV shows such as \"Seinfeld,\" self-referential memes, images of cats, and the occasional GameStop logo layered onto the videos.It is a testament to Gill's fame that such posts nonetheless ignited a rally. During the original meme-stock mania in January 2021, the headband-wearing Gill became an internet celebrity by posting videos on why he felt that GameStop -- a beaten-down, bricks-and-mortar retailer of videogames -- was undervalued. A movement of investors emerged in his wake, seeing Gill as its perceived champion against short-selling hedge-fund managers who bet against GameStop and other stocks. Gill later testified before Congress and became the hero of the 2023 Sony Pictures film \" Dumb Money.\"A lawyer who previously represented Gill declined to comment, and Gill didn't respond to messages.Gill, a former registered stockbroker, is likely to have a solid understanding of regulations governing stock trading. He holds several securities-industry licenses, and a decade ago he was the chief compliance officer at Lucidia, a New Hampshire-based investment-advisory firm that is now defunct, regulatory filings show.The SEC has a history of successfully prosecuting fraud cases in pump-and-dump schemes, in which the masterminds of the scheme promote a stock online -- often with false claims -- while quietly selling the stock as soon as it rallies. Gill's recent actions don't fall into that framework. None of his posts have been explicit endorsements of investing in GameStop or claims about the company's financial prospects. It is unclear whether Gill has sold his shares, or whether he is still amassing a giant GameStop stake.Gill's actions don't appear to be insider trading, either, since he isn't a GameStop executive with special knowledge of the company's business.Still, for some market observers, Gill's actions are blatantly abusive.\"This is obviously market manipulation. I can't believe we're even having this conversation,\" said Matt Stoller, director of research at the American Economic Liberties Project. \"If market-manipulation law doesn't handle this, then what's it for?\"Other market veterans say Gill isn't doing anything wildly different from a Wall Street fund manager who holds a stock and discusses it on television. Steve Sosnick, chief strategist at Interactive Brokers, compared Gill's actions to an activist investor who quietly amasses a stake in a company, then reveals it publicly in hopes that the activist's entry into the stock will send it higher.\"He's hardly the first guy to talk his own book,\" Sosnick said.There are a number of unanswered questions about Gill's trading. The short seller Andrew Left, who took out a bearish bet against GameStop in recent days, has speculated that Gill could be backed by other investors, citing the huge size of his position in GameStop shares.Former SEC Chair Jay Clayton suggested in an interview with the Journal that Gill should publicly answer questions about his trading. Such questions include: Is he working with anyone else? How did Gill, an individual investor, finance his purchases of GameStop shares? Has he hedged any of his bets on GameStop? And what are his ultimate intentions?\"Absent answers to these questions,\" Clayton said, \"I'm very uncomfortable for retail investors and for market integrity.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314264075878648,"gmtCreate":1717755964780,"gmtModify":1717755968938,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"Shorts never closed.&nbsp;","listText":"Shorts never closed.&nbsp;","text":"Shorts never closed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/314264075878648","repostId":"2441053270","repostType":2,"repost":{"id":"2441053270","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1717757242,"share":"https://ttm.financial/m/news/2441053270?lang=&edition=fundamental","pubTime":"2024-06-07 18:47","market":"us","language":"en","title":"GameStop Posts Decline in Quarterly Sales, Reveals Plan to Sell More Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2441053270","media":"Reuters","summary":"June 7  - GameStop reported a decline in first-quarter net sales on Friday, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.The company posted net sales of $881.8 million in the quarter ended May 4, compared with $1.24 billion in the same period a year earlier.The shares jumped 25% in premarket trading.","content":"<html><head></head><body><p>【<a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata=%7B%22liveId%22:%221801129300007002%22,%22type%22:1%7D\" title=\"Click here to tune into &#34;Roaring Kitty&#34; live broadcast\" target=\"_blank\" class=\"\">Click here to tune into &#34;Roaring Kitty&#34; live broadcast</a> 】</p><p>June 7 (Reuters) - GameStop reported a decline in first-quarter net sales on Friday, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.</p><p>The company posted net sales of $881.8 million in the quarter ended May 4, compared with $1.24 billion in the same period a year earlier. The sales decline was steeper than the two Wall Street analysts that cover the stock expected. Their estimates were in a range of $900 million to $1.09 billion per FactSet.</p><p>GameStop lost $32.3 million during the quarter, a narrower loss than the $50.5 million suffered in the year-earlier period.</p><p>The company also gave an update on its ongoing stock sales, saying it would sell an additional 30 million shares on top of the 45 million it had already sold.</p><p>The first quarter results came as a surprise. The company, which will be the subject of a YouTube livestream by meme trader &#34;Roaring Kitty&#34; later Friday, was supposed to release results next week. The shares tumbled 16% in premarket trading, erasing earlier gains.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/50a8f63752a3bc003ae6396a55a273b9\" title=\"\" tg-width=\"863\" tg-height=\"628\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Posts Decline in Quarterly Sales, Reveals Plan to Sell More Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Posts Decline in Quarterly Sales, Reveals Plan to Sell More Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-06-07 18:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>【<a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata=%7B%22liveId%22:%221801129300007002%22,%22type%22:1%7D\" title=\"Click here to tune into &#34;Roaring Kitty&#34; live broadcast\" target=\"_blank\" class=\"\">Click here to tune into &#34;Roaring Kitty&#34; live broadcast</a> 】</p><p>June 7 (Reuters) - GameStop reported a decline in first-quarter net sales on Friday, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.</p><p>The company posted net sales of $881.8 million in the quarter ended May 4, compared with $1.24 billion in the same period a year earlier. The sales decline was steeper than the two Wall Street analysts that cover the stock expected. Their estimates were in a range of $900 million to $1.09 billion per FactSet.</p><p>GameStop lost $32.3 million during the quarter, a narrower loss than the $50.5 million suffered in the year-earlier period.</p><p>The company also gave an update on its ongoing stock sales, saying it would sell an additional 30 million shares on top of the 45 million it had already sold.</p><p>The first quarter results came as a surprise. The company, which will be the subject of a YouTube livestream by meme trader &#34;Roaring Kitty&#34; later Friday, was supposed to release results next week. The shares tumbled 16% in premarket trading, erasing earlier gains.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/50a8f63752a3bc003ae6396a55a273b9\" title=\"\" tg-width=\"863\" tg-height=\"628\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2441053270","content_text":"【Click here to tune into \"Roaring Kitty\" live broadcast 】June 7 (Reuters) - GameStop reported a decline in first-quarter net sales on Friday, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.The company posted net sales of $881.8 million in the quarter ended May 4, compared with $1.24 billion in the same period a year earlier. The sales decline was steeper than the two Wall Street analysts that cover the stock expected. Their estimates were in a range of $900 million to $1.09 billion per FactSet.GameStop lost $32.3 million during the quarter, a narrower loss than the $50.5 million suffered in the year-earlier period.The company also gave an update on its ongoing stock sales, saying it would sell an additional 30 million shares on top of the 45 million it had already sold.The first quarter results came as a surprise. The company, which will be the subject of a YouTube livestream by meme trader \"Roaring Kitty\" later Friday, was supposed to release results next week. The shares tumbled 16% in premarket trading, erasing earlier gains.","news_type":1},"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4093561479903300","authorId":"4093561479903300","name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","crmLevel":9,"crmLevelSwitch":1,"idStr":"4093561479903300","authorIdStr":"4093561479903300"},"content":"Shorts will short it back to $20. GME will come back down to earth.","text":"Shorts will short it back to $20. GME will come back down to earth.","html":"Shorts will short it back to $20. GME will come back down to earth."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322713330929736,"gmtCreate":1719817794009,"gmtModify":1719817797538,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"What can I say, he obviously likes the stock.","listText":"What can I say, he obviously likes the stock.","text":"What can I say, he obviously likes the stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322713330929736","repostId":"1132645941","repostType":2,"repost":{"id":"1132645941","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1719814115,"share":"https://ttm.financial/m/news/1132645941?lang=&edition=fundamental","pubTime":"2024-07-01 14:08","market":"us","language":"en","title":"\"Roaring Kitty\" Accused Of Gamestop Pump-And-Dump Scheme In Class Action Lawsuit","url":"https://stock-news.laohu8.com/highlight/detail?id=1132645941","media":"Benzinga","summary":"Keith Patrick Gill, popularly known as “Roaring Kitty” on social media, is facing a new class action lawsuit over allegations of a pump-and-dump scheme involving $GameStop Corp.(GME)$ securities.What ","content":"<html><head></head><body><p><strong>Keith Patrick Gill</strong>, popularly known as “Roaring Kitty” on social media, is facing a new class action lawsuit over allegations of a pump-and-dump scheme involving <a href=\"https://laohu8.com/S/GME\">GameStop Corp.</a> securities.</p><p style=\"text-align: start;\"><strong>What Happened</strong>: A court document filed on June 28, in the Eastern District of New York, reveals that plaintiff Martin Radev accuses Gill of manipulating GameStop’s stock price through his social media influence. Known for his significant role in the “meme stock” movement, Gill is a former financial analyst.</p><p style=\"text-align: start;\">The lawsuit alleges that Gill discreetly bought a large number of GameStop call options before making a social media post on May 12, 2024, which sparked renewed interest in the company’s stock. The stock price soared over 74% the following day. Gill is then alleged to have disclosed his large stake in the company on June 2, leading to another surge in the stock price.</p><p style=\"text-align: start;\">On June 3, The Wall Street Journal reported that Gill had bought a large volume of GameStop options just before his May 12 post. This news led to a 5.36% drop in GameStop’s stock price, according to the filing.</p><p>On June 13, Gill posted a screenshot of his GameStop portfolio, revealing that he no longer held the call options but had increased his position in GameStop stock. The lawsuit alleges that Gill profited from these transactions, describing his actions as a pump-and-dump scheme.</p><p style=\"text-align: start;\">The lawsuit aims to recover damages resulting from Gill’s alleged violations of federal securities laws.</p><p style=\"text-align: start;\">“As a result of Defendant&#39;s wrongful acts and omissions, and the precipitous decline in the market value of the Company&#39;s securities, Plaintiff and other Class members have suffered significant losses and damages,” said the lawsuit.</p><p style=\"text-align: start;\"><strong>Why It Matters</strong>: Roaring Kitty’s influence among Redditors, especially users of r/WallStreetBets, is significant. Interestingly the latest lawsuit was peppered with memes posted by Gill on social media. The filing noted that one post on May 12 garnered nearly 28.5 million views, 12,000 comments and 135,000 reactions.</p><p>Following this, on June 4, 2024, Massachusetts’ top securities regulator began investigating Gill’s recent trading activity over potential manipulation.</p><p style=\"text-align: start;\">By June 16, 2024, Gill had accumulated a stake of $262 million in GameStop, leading to discussions about market manipulation in the meme-stock era.</p><p style=\"text-align: start;\">Price Action: On Friday, GameStop shares closed 1.6% lower at $24.69, according to data from Benzinga Pro.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Roaring Kitty\" Accused Of Gamestop Pump-And-Dump Scheme In Class Action Lawsuit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Roaring Kitty\" Accused Of Gamestop Pump-And-Dump Scheme In Class Action Lawsuit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-07-01 14:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><strong>Keith Patrick Gill</strong>, popularly known as “Roaring Kitty” on social media, is facing a new class action lawsuit over allegations of a pump-and-dump scheme involving <a href=\"https://laohu8.com/S/GME\">GameStop Corp.</a> securities.</p><p style=\"text-align: start;\"><strong>What Happened</strong>: A court document filed on June 28, in the Eastern District of New York, reveals that plaintiff Martin Radev accuses Gill of manipulating GameStop’s stock price through his social media influence. Known for his significant role in the “meme stock” movement, Gill is a former financial analyst.</p><p style=\"text-align: start;\">The lawsuit alleges that Gill discreetly bought a large number of GameStop call options before making a social media post on May 12, 2024, which sparked renewed interest in the company’s stock. The stock price soared over 74% the following day. Gill is then alleged to have disclosed his large stake in the company on June 2, leading to another surge in the stock price.</p><p style=\"text-align: start;\">On June 3, The Wall Street Journal reported that Gill had bought a large volume of GameStop options just before his May 12 post. This news led to a 5.36% drop in GameStop’s stock price, according to the filing.</p><p>On June 13, Gill posted a screenshot of his GameStop portfolio, revealing that he no longer held the call options but had increased his position in GameStop stock. The lawsuit alleges that Gill profited from these transactions, describing his actions as a pump-and-dump scheme.</p><p style=\"text-align: start;\">The lawsuit aims to recover damages resulting from Gill’s alleged violations of federal securities laws.</p><p style=\"text-align: start;\">“As a result of Defendant&#39;s wrongful acts and omissions, and the precipitous decline in the market value of the Company&#39;s securities, Plaintiff and other Class members have suffered significant losses and damages,” said the lawsuit.</p><p style=\"text-align: start;\"><strong>Why It Matters</strong>: Roaring Kitty’s influence among Redditors, especially users of r/WallStreetBets, is significant. Interestingly the latest lawsuit was peppered with memes posted by Gill on social media. The filing noted that one post on May 12 garnered nearly 28.5 million views, 12,000 comments and 135,000 reactions.</p><p>Following this, on June 4, 2024, Massachusetts’ top securities regulator began investigating Gill’s recent trading activity over potential manipulation.</p><p style=\"text-align: start;\">By June 16, 2024, Gill had accumulated a stake of $262 million in GameStop, leading to discussions about market manipulation in the meme-stock era.</p><p style=\"text-align: start;\">Price Action: On Friday, GameStop shares closed 1.6% lower at $24.69, according to data from Benzinga Pro.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132645941","content_text":"Keith Patrick Gill, popularly known as “Roaring Kitty” on social media, is facing a new class action lawsuit over allegations of a pump-and-dump scheme involving GameStop Corp. securities.What Happened: A court document filed on June 28, in the Eastern District of New York, reveals that plaintiff Martin Radev accuses Gill of manipulating GameStop’s stock price through his social media influence. Known for his significant role in the “meme stock” movement, Gill is a former financial analyst.The lawsuit alleges that Gill discreetly bought a large number of GameStop call options before making a social media post on May 12, 2024, which sparked renewed interest in the company’s stock. The stock price soared over 74% the following day. Gill is then alleged to have disclosed his large stake in the company on June 2, leading to another surge in the stock price.On June 3, The Wall Street Journal reported that Gill had bought a large volume of GameStop options just before his May 12 post. This news led to a 5.36% drop in GameStop’s stock price, according to the filing.On June 13, Gill posted a screenshot of his GameStop portfolio, revealing that he no longer held the call options but had increased his position in GameStop stock. The lawsuit alleges that Gill profited from these transactions, describing his actions as a pump-and-dump scheme.The lawsuit aims to recover damages resulting from Gill’s alleged violations of federal securities laws.“As a result of Defendant's wrongful acts and omissions, and the precipitous decline in the market value of the Company's securities, Plaintiff and other Class members have suffered significant losses and damages,” said the lawsuit.Why It Matters: Roaring Kitty’s influence among Redditors, especially users of r/WallStreetBets, is significant. Interestingly the latest lawsuit was peppered with memes posted by Gill on social media. The filing noted that one post on May 12 garnered nearly 28.5 million views, 12,000 comments and 135,000 reactions.Following this, on June 4, 2024, Massachusetts’ top securities regulator began investigating Gill’s recent trading activity over potential manipulation.By June 16, 2024, Gill had accumulated a stake of $262 million in GameStop, leading to discussions about market manipulation in the meme-stock era.Price Action: On Friday, GameStop shares closed 1.6% lower at $24.69, according to data from Benzinga Pro.","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312172856303656,"gmtCreate":1717239842324,"gmtModify":1717249059595,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"I agree with Victor,&nbsp; shorts never closed.","listText":"I agree with Victor,&nbsp; shorts never closed.","text":"I agree with Victor, shorts never closed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312172856303656","repostId":"2439154489","repostType":2,"repost":{"id":"2439154489","kind":"highlight","pubTimestamp":1717224410,"share":"https://ttm.financial/m/news/2439154489?lang=&edition=fundamental","pubTime":"2024-06-01 14:46","market":"fut","language":"en","title":"GameStop Stock: No Fundamentals Behind The Recent Rally","url":"https://stock-news.laohu8.com/highlight/detail?id=2439154489","media":"seekingalpha","summary":"Let me explain here. GameStop's fundamentals First, let us talk about the company's earnings results recorded since my last coverage. Overall, we can safely say that the company's results have improved since then. This is both true of its quarterly sales and net income. The data is given in USD millions. GameStop's quarterly revenues and net income   Seeking Alpha   Prepared by the author based on Seeking Alpha's data   Prepared by the author based on Seeking Alpha's dataHowever, if we look at the company's annual sales and net profit histories, we can see that the revenues reported in February 2024 have declined somewhat compared to the same period a year ago. The data is given in USD millions.         January 2023 February 2024   Revenues 5927,2 5272,8   Net inco","content":"<html><head></head><body><ul style=\"\"><li><p>GameStop stock has rallied but its fundamentals remain poor.</p></li><li><p>The recent rally was driven by market speculation, not fundamental factors.</p></li><li><p>GameStop&#39;s sales have been declining and its profitability metrics are low.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/27fb32e4d0ad6e4030f25a753936fdcf\" tg-width=\"750\" tg-height=\"500\"/></p><p>jetcityimage</p><p>GameStop (NYSE:GME) stock has rallied incredibly the past month. The company&#39;s fundamentals, however, are as poor as they used to be a month ago. This is an update of my earlier work on GameStop following GME stock&#39;s miraculous rally. I will explain why buying the stock immediately after this rally would be pure speculation and why the company&#39;s stock fundamentals are poor.</p><h2 id=\"id_2879136696\">Recap of my previous GME analysis</h2><p>In my previous analysis, I covered GameStop&#39;s earnings. The analysis was published on 7 September 2023 and covered 2Q 2023 earnings. At the time, GameStop&#39;s quarterly earnings showed a decrease in net loss and a slight fall in revenues. I also pointed to the company&#39;s poor sales and profit histories. GME stock was not undervalued at the time and carried substantial downside risks. At the time, I also said there was potential for strategic changes or market speculation. No strategic changes have happened to the business so far. However, the recent market speculation had absolutely no fundamental factors behind it. Right now, the stock price is off its highs. And it is quite close to the levels seen when my September article about GameStop was published. One GME share was worth $18.89.</p><h2 id=\"id_3651835170\">GME rally</h2><p>GameStop (GME) skyrocketed from less than $15 per share to $50 a share, reaching levels unseen since August 2022. The stock price surged after Keith Gill, the trader at the center of the meme-stock craze, made a post in social media.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/023afa5e44a90363f74512aab2e06b9b\" tg-width=\"635\" tg-height=\"424\"/></p><p>Data by YCharts</p><p>GameStop’s (GME) share price had surged almost threefold from the end of April through mid-May.</p><p>Shares of the video-game seller soared after Keith Gill&#39;s TheRoaringKitty account tweeted for the first time in almost three years. About three years ago, Gill posted an analysis of GameStop as an undervalued company. This post was said to provoke GameStop’s (GME) rally and also a massive short-squeeze, making hedge funds record losses in January 2021.</p><p>But what has happened to the company itself, not its stock, since my last coverage? Let me explain here.</p><h2 id=\"id_155227382\">GameStop&#39;s fundamentals</h2><p>First, let us talk about the company&#39;s earnings results recorded since my last coverage.</p><p>Overall, we can safely say that the company&#39;s results have improved since then. This is both true of its quarterly sales and net income.</p><p>The data is given in USD millions.</p><p><strong>GameStop&#39;s quarterly revenues and net income</strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/85081c0a750c62d6d12ec454734e07de\" tg-width=\"640\" tg-height=\"103\"/></p><p>Seeking Alpha</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44e6fdb0febf6082761500b47264ece3\" tg-width=\"640\" tg-height=\"385\"/></p><p>Prepared by the author based on Seeking Alpha&#39;s data</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c8bab6a6daf56c8b119cb761767c00c4\" tg-width=\"612\" tg-height=\"343\"/></p><p>Prepared by the author based on Seeking Alpha&#39;s data</p><p>However, if we look at the company&#39;s annual sales and net profit histories, we can see that the revenues reported in February 2024 have declined somewhat compared to the same period a year ago.</p><p>The data is given in USD millions.</p><table style=\"border-collapse:collapse;\"><colgroup><col/><col/></colgroup><tbody><tr><td style=\"text-align:left;\"><p></p></td><td style=\"text-align:left;\"><p>January 2023</p></td><td style=\"text-align:left;\"><p>February 2024</p></td></tr><tr><td style=\"text-align:left;\"><p>Revenues</p></td><td style=\"text-align:left;\"><p>5927,2</p></td><td style=\"text-align:left;\"><p>5272,8</p></td></tr><tr><td style=\"text-align:left;\"><p>Net income</p></td><td style=\"text-align:left;\"><p>-313,1</p></td><td style=\"text-align:left;\"><p>6,7</p></td></tr></tbody></table><p><em>Source: Prepared by the author based on Seeking Alpha&#39;s data</em></p><p>At the same time, the net loss has declined over the same period. In fact, the company even managed to record a positive net result of $6.7 million.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bcf8aa48783d10b757981e50cd3dedeb\" tg-width=\"531\" tg-height=\"334\"/></p><p>Prepared by the author based on Seeking Alpha&#39;s data</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4d7ea0c38b7663d7ed8618866e207503\" tg-width=\"640\" tg-height=\"385\"/></p><p>Prepared by the author based on Seeking Alpha&#39;s data</p><p>This means that the company&#39;s efficiency has increased. But how did GameStop&#39;s management achieve this?</p><p>Well, as we can see from an excerpt from GME&#39;s income statement below, the cost of sales has decreased. The cost of sales is normally the direct cost associated with the goods sold. But most of the cost decline was due to a plunge in the company&#39;s general and administrative costs.</p><p>The declining cost of sales, as well as lower general and administrative costs, can be attributed to the company closing a substantial number of its stores.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8b65d2f97118facec05c1668e5ac3d43\" tg-width=\"640\" tg-height=\"555\"/></p><p>Seeking Alpha</p><p>GameStop ended 2023 with 2,915 operational locations in the US, a decline of 34 stores compared to the 2,949 it had operated a year earlier. As concerns to its operations abroad, GME shut down 210 international stores, decreasing their count from 1,464 to 1,254. The closure of unprofitable stores, however, did not only lead to a drop in costs but also to a decrease in sales revenues.</p><p>For the 4Q 2023 fiscal year, GameStop reported sales of $1.79 billion. This was a drop of 19.4% versus $2.23 billion for the same period of the 2022 fiscal year. This weakness, however, affected all of GameStop&#39;s departments. Hardware and accessories sales, for example, decreased from $1.24 billion to $1.09 billion. Software sales dropped even more, declining by 30.6% from $670.4 million to $465.3 million. Collectibles sales, meanwhile, decreased from $313.2 million to $233.7 million.</p><p>The most worrying fact is that the 4Q of 2023 included the holiday season, when many people rushed to buy Christmas presents. Video games sales should have also increased during this time period. So, this should have pushed GameStop&#39;s revenues up rather than down.</p><p>Interestingly, total video game sales in the US reached $57.2 billion in 2023, a rise from $56.6 billion in 2022. Video game content spending increased to $48.0 billion in 2023 compared to $47.5 billion for the previous year, thanks to a 13% rise in digital download spending across console platforms and an 11% rise in digital premium download segments on PC, cloud and non-console VR platforms. Hardware sales remained almost unchanged at $6.6 billion, and accessory sales increased by 4% ($2.6 billion versus $2.5 billion). But GameStop&#39;s sales have decreased for the same time period, despite the fact the industry did well, which should be worrying for GameStop&#39;s investors.</p><h2 id=\"id_1914250565\">GameStop&#39;s financial fundamentals</h2><table style=\"border-collapse:collapse;\"><tbody><tr><td style=\"text-align:left;\"><p>Indicator’s name</p></td><td style=\"text-align:left;\"><p>GameStop’s indicator</p></td><td style=\"text-align:left;\"><p>Average indicator for the US (based on FullRatio&#39;s data)</p></td></tr><tr><td style=\"text-align:left;\"><p>Current ratio</p></td><td style=\"text-align:left;\"><p>2,11</p></td><td style=\"text-align:left;\"><p>1,5 - 3,0</p></td></tr><tr><td style=\"text-align:left;\"><p>Debt/equity ratio</p></td><td style=\"text-align:left;\"><p>1,02</p></td><td style=\"text-align:left;\"><p>0,8</p></td></tr><tr><td style=\"text-align:left;\"><p>ROE</p></td><td style=\"text-align:left;\"><p>0,5%</p></td><td style=\"text-align:left;\"><p>13,84%</p></td></tr><tr><td style=\"text-align:left;\"><p>Cash flow from operations/Total debt</p></td><td style=\"text-align:left;\"><p>(0,15)</p></td><td style=\"text-align:left;\"><p>1 or above</p></td></tr></tbody></table><p><em>Source: Prepared by the author based on Seeking Alpha&#39;s and FullRatio&#39;s data</em></p><p>Overall, we can say that most of GameStop&#39;s key financial indicators are in line with US averages. Moreover, GameStop&#39;s net debt (total liabilities—cash and equivalents) is just $448.7 million, quite low for a company with annual sales of $5272.8 million. As many contributors here on Seeking Alpha pointed out, the company has ample amounts of cash. According to the last annual report, its cash and cash equivalents were $921.7 million, quite reasonable but a decline from $1271 million in 2021 and $1139 million in 2022.</p><p>The most problematic indicators of GME are its profitability metrics, including its return on equity (ROE), which is extremely low thanks to GME&#39;s net profit of $6.7 million. Its cash flow from operations was also low. As I have mentioned above, that is because of the company&#39;s falling sales. Even the cost cuts did not help.</p><h2 id=\"id_2494087135\">GME valuations</h2><p>GameStop is not undervalued right now, either.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/79295f171891fe4c50db0a429df91725\" tg-width=\"635\" tg-height=\"439\"/></p><p>Data by YCharts</p><p>Obviously, the profitability margins signal just that. For example, GME&#39;s price-to-earnings (P/E) ratio is extremely high. However, this is explainable because GME has recorded its first profit, albeit very low, in several years&#39; time.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6513b3b9905e2bb6ca0890e853f4f6d3\" tg-width=\"635\" tg-height=\"439\"/></p><p>Data by YCharts</p><p>But other metrics, including the EV-to-EBITDA and price-to-free cash flow ratios, signal just that. Some businesses face high depreciation and amortization expenses. Some businesses are forced to service very high levels of debt. That is why such companies have low or even negative profit margins. But this is not the case with GME. It simply does not get enough money from sales. So, its EBITDA and free cash flows are also low.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44da11169e8daa2226564533b2e1d439\" tg-width=\"635\" tg-height=\"439\"/></p><p>Data by YCharts</p><p>Finally, GameStop&#39;s price-to-book (P/B) ratio is quite high as well. The average P/B of S&amp;P 500 companies is equivalent to 4,312. Among the S&amp;P 500 companies are overvalued high-tech corporations and very profitable businesses. So, it is a high indicator for a company like GameStop.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/28b978fd8291cddbdcd7b09b6f0f501b\" tg-width=\"635\" tg-height=\"439\"/></p><p>Data by YCharts</p><p>Although GME is trading below the levels seen a month or so ago, the stock is still not undervalued according to the key valuation ratios.</p><h2 id=\"id_2386966737\">Risks to my thesis</h2><p>I do not personally see many objective reasons for the stock&#39;s justified rally. Of course, there is a <em>possibility</em> for the management to structurally reform the business. However, GameStop has been recording falling sales for many years already. And there was time for the management to change this brick-and-mortar game seller to a more innovative company. But not much has been done, indeed.</p><p>On the positive side, I can add that the company got &#34;leaner and fitter&#34; by cutting the cost of sales and general and administrative costs. GME also has a lot of cash and quite a low net debt. But the company&#39;s sales have been falling for a while. So, the positive effect was quite limited. If the sales keep falling further, the cash reserves will eventually be over.</p><p>The biggest bullish factor for GME is market speculation, something that happened a month ago or in January 2021. However, such a speculative stock price surge is impossible to predict.</p><h2 id=\"id_2499721499\">Conclusion</h2><p>Although GameStop has managed to cut its costs, its sales are not doing well. In spite of the not-so-easy situation for the business, the company&#39;s stock is quite expensive, according to the ratio analysis. The effect from the recent rally is not quite over. It is possible that the stock will eventually surge in value. But I do not personally see many fundamental reasons for the stock&#39;s appreciation. My rating remains unchanged. It is &#34;Hold&#39;.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock: No Fundamentals Behind The Recent Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock: No Fundamentals Behind The Recent Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-01 14:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4696739-gamestop-stock-no-fundamentals-behind-the-recent-rally><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop stock has rallied but its fundamentals remain poor.The recent rally was driven by market speculation, not fundamental factors.GameStop's sales have been declining and its profitability ...</p>\n\n<a href=\"https://seekingalpha.com/article/4696739-gamestop-stock-no-fundamentals-behind-the-recent-rally\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4076":"电脑与电子产品零售","BK4577":"网络游戏","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","GME":"游戏驿站","BK4588":"碎股"},"source_url":"https://seekingalpha.com/article/4696739-gamestop-stock-no-fundamentals-behind-the-recent-rally","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2439154489","content_text":"GameStop stock has rallied but its fundamentals remain poor.The recent rally was driven by market speculation, not fundamental factors.GameStop's sales have been declining and its profitability metrics are low.jetcityimageGameStop (NYSE:GME) stock has rallied incredibly the past month. The company's fundamentals, however, are as poor as they used to be a month ago. This is an update of my earlier work on GameStop following GME stock's miraculous rally. I will explain why buying the stock immediately after this rally would be pure speculation and why the company's stock fundamentals are poor.Recap of my previous GME analysisIn my previous analysis, I covered GameStop's earnings. The analysis was published on 7 September 2023 and covered 2Q 2023 earnings. At the time, GameStop's quarterly earnings showed a decrease in net loss and a slight fall in revenues. I also pointed to the company's poor sales and profit histories. GME stock was not undervalued at the time and carried substantial downside risks. At the time, I also said there was potential for strategic changes or market speculation. No strategic changes have happened to the business so far. However, the recent market speculation had absolutely no fundamental factors behind it. Right now, the stock price is off its highs. And it is quite close to the levels seen when my September article about GameStop was published. One GME share was worth $18.89.GME rallyGameStop (GME) skyrocketed from less than $15 per share to $50 a share, reaching levels unseen since August 2022. The stock price surged after Keith Gill, the trader at the center of the meme-stock craze, made a post in social media.Data by YChartsGameStop’s (GME) share price had surged almost threefold from the end of April through mid-May.Shares of the video-game seller soared after Keith Gill's TheRoaringKitty account tweeted for the first time in almost three years. About three years ago, Gill posted an analysis of GameStop as an undervalued company. This post was said to provoke GameStop’s (GME) rally and also a massive short-squeeze, making hedge funds record losses in January 2021.But what has happened to the company itself, not its stock, since my last coverage? Let me explain here.GameStop's fundamentalsFirst, let us talk about the company's earnings results recorded since my last coverage.Overall, we can safely say that the company's results have improved since then. This is both true of its quarterly sales and net income.The data is given in USD millions.GameStop's quarterly revenues and net incomeSeeking AlphaPrepared by the author based on Seeking Alpha's dataPrepared by the author based on Seeking Alpha's dataHowever, if we look at the company's annual sales and net profit histories, we can see that the revenues reported in February 2024 have declined somewhat compared to the same period a year ago.The data is given in USD millions.January 2023February 2024Revenues5927,25272,8Net income-313,16,7Source: Prepared by the author based on Seeking Alpha's dataAt the same time, the net loss has declined over the same period. In fact, the company even managed to record a positive net result of $6.7 million.Prepared by the author based on Seeking Alpha's dataPrepared by the author based on Seeking Alpha's dataThis means that the company's efficiency has increased. But how did GameStop's management achieve this?Well, as we can see from an excerpt from GME's income statement below, the cost of sales has decreased. The cost of sales is normally the direct cost associated with the goods sold. But most of the cost decline was due to a plunge in the company's general and administrative costs.The declining cost of sales, as well as lower general and administrative costs, can be attributed to the company closing a substantial number of its stores.Seeking AlphaGameStop ended 2023 with 2,915 operational locations in the US, a decline of 34 stores compared to the 2,949 it had operated a year earlier. As concerns to its operations abroad, GME shut down 210 international stores, decreasing their count from 1,464 to 1,254. The closure of unprofitable stores, however, did not only lead to a drop in costs but also to a decrease in sales revenues.For the 4Q 2023 fiscal year, GameStop reported sales of $1.79 billion. This was a drop of 19.4% versus $2.23 billion for the same period of the 2022 fiscal year. This weakness, however, affected all of GameStop's departments. Hardware and accessories sales, for example, decreased from $1.24 billion to $1.09 billion. Software sales dropped even more, declining by 30.6% from $670.4 million to $465.3 million. Collectibles sales, meanwhile, decreased from $313.2 million to $233.7 million.The most worrying fact is that the 4Q of 2023 included the holiday season, when many people rushed to buy Christmas presents. Video games sales should have also increased during this time period. So, this should have pushed GameStop's revenues up rather than down.Interestingly, total video game sales in the US reached $57.2 billion in 2023, a rise from $56.6 billion in 2022. Video game content spending increased to $48.0 billion in 2023 compared to $47.5 billion for the previous year, thanks to a 13% rise in digital download spending across console platforms and an 11% rise in digital premium download segments on PC, cloud and non-console VR platforms. Hardware sales remained almost unchanged at $6.6 billion, and accessory sales increased by 4% ($2.6 billion versus $2.5 billion). But GameStop's sales have decreased for the same time period, despite the fact the industry did well, which should be worrying for GameStop's investors.GameStop's financial fundamentalsIndicator’s nameGameStop’s indicatorAverage indicator for the US (based on FullRatio's data)Current ratio2,111,5 - 3,0Debt/equity ratio1,020,8ROE0,5%13,84%Cash flow from operations/Total debt(0,15)1 or aboveSource: Prepared by the author based on Seeking Alpha's and FullRatio's dataOverall, we can say that most of GameStop's key financial indicators are in line with US averages. Moreover, GameStop's net debt (total liabilities—cash and equivalents) is just $448.7 million, quite low for a company with annual sales of $5272.8 million. As many contributors here on Seeking Alpha pointed out, the company has ample amounts of cash. According to the last annual report, its cash and cash equivalents were $921.7 million, quite reasonable but a decline from $1271 million in 2021 and $1139 million in 2022.The most problematic indicators of GME are its profitability metrics, including its return on equity (ROE), which is extremely low thanks to GME's net profit of $6.7 million. Its cash flow from operations was also low. As I have mentioned above, that is because of the company's falling sales. Even the cost cuts did not help.GME valuationsGameStop is not undervalued right now, either.Data by YChartsObviously, the profitability margins signal just that. For example, GME's price-to-earnings (P/E) ratio is extremely high. However, this is explainable because GME has recorded its first profit, albeit very low, in several years' time.Data by YChartsBut other metrics, including the EV-to-EBITDA and price-to-free cash flow ratios, signal just that. Some businesses face high depreciation and amortization expenses. Some businesses are forced to service very high levels of debt. That is why such companies have low or even negative profit margins. But this is not the case with GME. It simply does not get enough money from sales. So, its EBITDA and free cash flows are also low.Data by YChartsFinally, GameStop's price-to-book (P/B) ratio is quite high as well. The average P/B of S&P 500 companies is equivalent to 4,312. Among the S&P 500 companies are overvalued high-tech corporations and very profitable businesses. So, it is a high indicator for a company like GameStop.Data by YChartsAlthough GME is trading below the levels seen a month or so ago, the stock is still not undervalued according to the key valuation ratios.Risks to my thesisI do not personally see many objective reasons for the stock's justified rally. Of course, there is a possibility for the management to structurally reform the business. However, GameStop has been recording falling sales for many years already. And there was time for the management to change this brick-and-mortar game seller to a more innovative company. But not much has been done, indeed.On the positive side, I can add that the company got \"leaner and fitter\" by cutting the cost of sales and general and administrative costs. GME also has a lot of cash and quite a low net debt. But the company's sales have been falling for a while. So, the positive effect was quite limited. If the sales keep falling further, the cash reserves will eventually be over.The biggest bullish factor for GME is market speculation, something that happened a month ago or in January 2021. However, such a speculative stock price surge is impossible to predict.ConclusionAlthough GameStop has managed to cut its costs, its sales are not doing well. In spite of the not-so-easy situation for the business, the company's stock is quite expensive, according to the ratio analysis. The effect from the recent rally is not quite over. It is possible that the stock will eventually surge in value. But I do not personally see many fundamental reasons for the stock's appreciation. My rating remains unchanged. It is \"Hold'.","news_type":1},"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328483860168968,"gmtCreate":1721210688413,"gmtModify":1721210692048,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"Shorts never closed.","listText":"Shorts never closed.","text":"Shorts never closed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328483860168968","repostId":"1120603503","repostType":2,"repost":{"id":"1120603503","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1721203863,"share":"https://ttm.financial/m/news/1120603503?lang=&edition=fundamental","pubTime":"2024-07-17 16:11","market":"us","language":"en","title":"GameStop Stock Rises Another 2%, Heading for Eight Straight Sessions","url":"https://stock-news.laohu8.com/highlight/detail?id=1120603503","media":"Tiger Newspress","summary":"GameStop stock gained another 2% in premarket trading Wednesday, heading for eight straight sessions.GameStop meme trading is alive and well this month, with the videogame retailer rising for the seve","content":"<html><head></head><body><p>GameStop stock gained another 2% in premarket trading Wednesday, heading for eight straight sessions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/32706ea7e5319e62c3c15efcaf5cb40f\" tg-width=\"873\" tg-height=\"625\"/></p><p>GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.</p><p style=\"text-align: start;\">The stock closed up 5.7% at $28.54. It’s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.</p><p>The current streak has sent the stock price up 18% for its best seven-day stretch since June and its highest price in a month. GameStop stock’s highest close for the year was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.</p><p>The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.</p><p style=\"text-align: start;\">The stock is currently down 67% from a record high in January 2021. And GameStop stock has slipped from its intraday high for the year of nearly $65 set in May.</p><p style=\"text-align: start;\">Another meme-stock trade, Trump Media &amp; Technology Group, rose sharply Monday, following theassassination attempton the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen posted on X what appeared to be anendorsement of Donald Trumpin the 2024 election shortly afterward.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock Rises Another 2%, Heading for Eight Straight Sessions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock Rises Another 2%, Heading for Eight Straight Sessions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-07-17 16:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>GameStop stock gained another 2% in premarket trading Wednesday, heading for eight straight sessions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/32706ea7e5319e62c3c15efcaf5cb40f\" tg-width=\"873\" tg-height=\"625\"/></p><p>GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.</p><p style=\"text-align: start;\">The stock closed up 5.7% at $28.54. It’s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.</p><p>The current streak has sent the stock price up 18% for its best seven-day stretch since June and its highest price in a month. GameStop stock’s highest close for the year was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.</p><p>The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.</p><p style=\"text-align: start;\">The stock is currently down 67% from a record high in January 2021. And GameStop stock has slipped from its intraday high for the year of nearly $65 set in May.</p><p style=\"text-align: start;\">Another meme-stock trade, Trump Media &amp; Technology Group, rose sharply Monday, following theassassination attempton the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen posted on X what appeared to be anendorsement of Donald Trumpin the 2024 election shortly afterward.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120603503","content_text":"GameStop stock gained another 2% in premarket trading Wednesday, heading for eight straight sessions.GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.The stock closed up 5.7% at $28.54. It’s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.The current streak has sent the stock price up 18% for its best seven-day stretch since June and its highest price in a month. GameStop stock’s highest close for the year was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.The stock is currently down 67% from a record high in January 2021. And GameStop stock has slipped from its intraday high for the year of nearly $65 set in May.Another meme-stock trade, Trump Media & Technology Group, rose sharply Monday, following theassassination attempton the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen posted on X what appeared to be anendorsement of Donald Trumpin the 2024 election shortly afterward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316140051321088,"gmtCreate":1718212340403,"gmtModify":1718212344212,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"The first domino","listText":"The first domino","text":"The first domino","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316140051321088","repostId":"1106685570","repostType":2,"repost":{"id":"1106685570","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1718204968,"share":"https://ttm.financial/m/news/1106685570?lang=&edition=fundamental","pubTime":"2024-06-12 23:09","market":"us","language":"en","title":"Citron Research Closes GameStop Short Position","url":"https://stock-news.laohu8.com/highlight/detail?id=1106685570","media":"Reuters","summary":"Citron Research no longer has a short position in retail traders' favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company.Andrew Left, Citro","content":"<html><head></head><body><p>Citron Research no longer has a short position in retail traders&#39; favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company.</p><p>Andrew Left, Citron Research&#39;s founder, had said last week he was again betting against GameStop, although his position was &#34;significantly lower&#34; from 2021 when he was forced to close his position after retail traders banded together in online forums and drove an eye popping rally in the stock, squeezing hedge funds.</p><p>Left told Reuters he would short GameStop again if the stock reached a $45-$50 level. He said Citron closed the short position at a profit, although he did not disclose the size.</p><p>GameStop had about $1 billion in cash as of May 4.</p><p>The company said it had raised $2.14 billion in gross proceeds from the stock sale it announced last week, after raising $933.4 million in May, as it capitalized on the meme stocks rally sparked by the return of stock influencer &#34;Roaring Kitty&#34; Keith Gill following a three-year hiatus.</p><p>&#34;It&#39;s not because we believe in a turnaround for the company fundamentals will ever happen, but with $4 billion in the bank, they have enough runway to appease their cult like shareholders,&#34; Citron said in the tweet.</p><p>The struggling videogame retailer said it intends to use the capital for general corporate purposes.</p><p>The company&#39;s stock rose 5.3% to $32.1 on Wednesday. The stock has declined 34% in value since Gill&#39;s livestream on Friday failed to spark investor enthusiasm, but it has still gained 70% from mid-May when the key figure that sparked the Reddit frenzy resurfaced on X.com.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a8ee3475c72251eaaec3b6d95dfaae38\" title=\"\" tg-width=\"455\" tg-height=\"394\"/></p><p>GameStop has not earned a profit since the fiscal year ended February 2018, as business at its brick-and-mortar stores were sapped by the shift to online gaming.</p><p>&#34;Whether they are able to use (the capital) to turn this into a profitable business model, (we will) only know in the future,&#34; said Art Hogan, chief market strategist at B. Riley Financial.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citron Research Closes GameStop Short Position</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitron Research Closes GameStop Short Position\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-06-12 23:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Citron Research no longer has a short position in retail traders&#39; favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company.</p><p>Andrew Left, Citron Research&#39;s founder, had said last week he was again betting against GameStop, although his position was &#34;significantly lower&#34; from 2021 when he was forced to close his position after retail traders banded together in online forums and drove an eye popping rally in the stock, squeezing hedge funds.</p><p>Left told Reuters he would short GameStop again if the stock reached a $45-$50 level. He said Citron closed the short position at a profit, although he did not disclose the size.</p><p>GameStop had about $1 billion in cash as of May 4.</p><p>The company said it had raised $2.14 billion in gross proceeds from the stock sale it announced last week, after raising $933.4 million in May, as it capitalized on the meme stocks rally sparked by the return of stock influencer &#34;Roaring Kitty&#34; Keith Gill following a three-year hiatus.</p><p>&#34;It&#39;s not because we believe in a turnaround for the company fundamentals will ever happen, but with $4 billion in the bank, they have enough runway to appease their cult like shareholders,&#34; Citron said in the tweet.</p><p>The struggling videogame retailer said it intends to use the capital for general corporate purposes.</p><p>The company&#39;s stock rose 5.3% to $32.1 on Wednesday. The stock has declined 34% in value since Gill&#39;s livestream on Friday failed to spark investor enthusiasm, but it has still gained 70% from mid-May when the key figure that sparked the Reddit frenzy resurfaced on X.com.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a8ee3475c72251eaaec3b6d95dfaae38\" title=\"\" tg-width=\"455\" tg-height=\"394\"/></p><p>GameStop has not earned a profit since the fiscal year ended February 2018, as business at its brick-and-mortar stores were sapped by the shift to online gaming.</p><p>&#34;Whether they are able to use (the capital) to turn this into a profitable business model, (we will) only know in the future,&#34; said Art Hogan, chief market strategist at B. Riley Financial.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106685570","content_text":"Citron Research no longer has a short position in retail traders' favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company.Andrew Left, Citron Research's founder, had said last week he was again betting against GameStop, although his position was \"significantly lower\" from 2021 when he was forced to close his position after retail traders banded together in online forums and drove an eye popping rally in the stock, squeezing hedge funds.Left told Reuters he would short GameStop again if the stock reached a $45-$50 level. He said Citron closed the short position at a profit, although he did not disclose the size.GameStop had about $1 billion in cash as of May 4.The company said it had raised $2.14 billion in gross proceeds from the stock sale it announced last week, after raising $933.4 million in May, as it capitalized on the meme stocks rally sparked by the return of stock influencer \"Roaring Kitty\" Keith Gill following a three-year hiatus.\"It's not because we believe in a turnaround for the company fundamentals will ever happen, but with $4 billion in the bank, they have enough runway to appease their cult like shareholders,\" Citron said in the tweet.The struggling videogame retailer said it intends to use the capital for general corporate purposes.The company's stock rose 5.3% to $32.1 on Wednesday. The stock has declined 34% in value since Gill's livestream on Friday failed to spark investor enthusiasm, but it has still gained 70% from mid-May when the key figure that sparked the Reddit frenzy resurfaced on X.com.GameStop has not earned a profit since the fiscal year ended February 2018, as business at its brick-and-mortar stores were sapped by the shift to online gaming.\"Whether they are able to use (the capital) to turn this into a profitable business model, (we will) only know in the future,\" said Art Hogan, chief market strategist at B. Riley Financial.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315955363012680,"gmtCreate":1718168954610,"gmtModify":1718168958139,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"Shorts never closed&nbsp;","listText":"Shorts never closed&nbsp;","text":"Shorts never closed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315955363012680","repostId":"2442396801","repostType":2,"repost":{"id":"2442396801","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1718155800,"share":"https://ttm.financial/m/news/2442396801?lang=&edition=fundamental","pubTime":"2024-06-12 09:30","market":"us","language":"en","title":"Roaring Kitty Shows He’s Holding His GameStop Position as Stock Rallies","url":"https://stock-news.laohu8.com/highlight/detail?id=2442396801","media":"Dow Jones","summary":"Influential trader and analyst Keith Gill, also known as Roaring Kitty, sparked the recent meme-stock rally with his return to social mediaGameStop shares ended Tuesday’s session up 22.8%.Influential ","content":"<html><head></head><body><p>Influential trader and analyst Keith Gill, also known as Roaring Kitty, sparked the recent meme-stock rally with his return to social media</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/57cf43df78a644bc42df7704facd8088\" alt=\"GameStop shares ended Tuesday’s session up 22.8%.\" title=\"GameStop shares ended Tuesday’s session up 22.8%.\" tg-width=\"922\" tg-height=\"608\"/><span>GameStop shares ended Tuesday’s session up 22.8%.</span></p><p>Influential trader Keith Gill, also known as Roaring Kitty, appeared to be holding his position in GameStop Corp. as shares of the videogame retailer and original meme stock rallied after sliding in premarket trading.</p><p style=\"text-align: start;\">GameStop’s stock closed up 22.8% to register its biggest gain since June 6, when the stock rose 47.5%. The company’s shares ended Monday’s session down 12% and closed down 39.4% Friday, registering their worst day since 2021 as Gill hosted his first YouTube livestream in three years.</p><p>A Reddit post on June 2 from an account associated with Gill appeared to show him holding a big stake in GameStop. Subsequent posts, including one on Monday afternoon, showed Gill holding the position, with 5 million shares of GameStop and 120,000 GameStop call options with a $20 strike price and June 21 expiration date, along with $29.4 million in cash.</p><p>On Monday, Stocktwits, a social platform for investors and traders, wrote about Gill on X: “He’s now down $51 million on the day, but still up 18%.” In a subsequent tweet, Stocktwits added: “If he bought [Nvidia] instead, he would be up around 35%.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a283ae80ffc5c8ccc6733b3e33d79801\" tg-width=\"748\" tg-height=\"899\"/></p><p>Gill also showed a screenshot of the same positions during his closely watched YouTube livestream Friday.</p><p>The trader was an influential figure in the 2021 meme-stock frenzy that sent shares of GameStop and AMC Entertainment Holdings Inc. skyrocketing. Gill’s return to social media last month sparked a new meme-stock rally that prompted a rise in shares of GameStop and AMC as well as other stocks.</p><p>On Sunday, Gill made another cryptic post on X. The @TheRoaringKitty account posted a still image from the Batman film “The Dark Knight.” The image showed the Joker, played by the late Heath Ledger, preparing for a bank heist, which is the first scene in the movie. In the posted image, a cat mask has been superimposed on the clown mask that the Joker carries.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6a62b4fb8597ec406daa2514cc0878a8\" tg-width=\"748\" tg-height=\"875\"/></p><p>On Monday afternoon, Gill posted an image on X of a man pointing at his reflection in a mirror with the words, “You <em>were</em> a billionaire.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/df3c35d8aea460ce51214e625c8c7fe3\" tg-width=\"750\" tg-height=\"1018\"/></p><p>On Tuesday, Roaring Kitty made another post on X, a meme based on the children’s cartoon “The Amazing World of Gumball.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d276bf6f1f091f5dd25cf2423ba56ffd\" tg-width=\"750\" tg-height=\"1016\"/></p><p>GameStop shares are up 73.9% in 2024 and AMC shares are down 14.7%, compared with the S&amp;P 500 index’s gain of 12.7%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roaring Kitty Shows He’s Holding His GameStop Position as Stock Rallies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoaring Kitty Shows He’s Holding His GameStop Position as Stock Rallies\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-12 09:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Influential trader and analyst Keith Gill, also known as Roaring Kitty, sparked the recent meme-stock rally with his return to social media</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/57cf43df78a644bc42df7704facd8088\" alt=\"GameStop shares ended Tuesday’s session up 22.8%.\" title=\"GameStop shares ended Tuesday’s session up 22.8%.\" tg-width=\"922\" tg-height=\"608\"/><span>GameStop shares ended Tuesday’s session up 22.8%.</span></p><p>Influential trader Keith Gill, also known as Roaring Kitty, appeared to be holding his position in GameStop Corp. as shares of the videogame retailer and original meme stock rallied after sliding in premarket trading.</p><p style=\"text-align: start;\">GameStop’s stock closed up 22.8% to register its biggest gain since June 6, when the stock rose 47.5%. The company’s shares ended Monday’s session down 12% and closed down 39.4% Friday, registering their worst day since 2021 as Gill hosted his first YouTube livestream in three years.</p><p>A Reddit post on June 2 from an account associated with Gill appeared to show him holding a big stake in GameStop. Subsequent posts, including one on Monday afternoon, showed Gill holding the position, with 5 million shares of GameStop and 120,000 GameStop call options with a $20 strike price and June 21 expiration date, along with $29.4 million in cash.</p><p>On Monday, Stocktwits, a social platform for investors and traders, wrote about Gill on X: “He’s now down $51 million on the day, but still up 18%.” In a subsequent tweet, Stocktwits added: “If he bought [Nvidia] instead, he would be up around 35%.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a283ae80ffc5c8ccc6733b3e33d79801\" tg-width=\"748\" tg-height=\"899\"/></p><p>Gill also showed a screenshot of the same positions during his closely watched YouTube livestream Friday.</p><p>The trader was an influential figure in the 2021 meme-stock frenzy that sent shares of GameStop and AMC Entertainment Holdings Inc. skyrocketing. Gill’s return to social media last month sparked a new meme-stock rally that prompted a rise in shares of GameStop and AMC as well as other stocks.</p><p>On Sunday, Gill made another cryptic post on X. The @TheRoaringKitty account posted a still image from the Batman film “The Dark Knight.” The image showed the Joker, played by the late Heath Ledger, preparing for a bank heist, which is the first scene in the movie. In the posted image, a cat mask has been superimposed on the clown mask that the Joker carries.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6a62b4fb8597ec406daa2514cc0878a8\" tg-width=\"748\" tg-height=\"875\"/></p><p>On Monday afternoon, Gill posted an image on X of a man pointing at his reflection in a mirror with the words, “You <em>were</em> a billionaire.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/df3c35d8aea460ce51214e625c8c7fe3\" tg-width=\"750\" tg-height=\"1018\"/></p><p>On Tuesday, Roaring Kitty made another post on X, a meme based on the children’s cartoon “The Amazing World of Gumball.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d276bf6f1f091f5dd25cf2423ba56ffd\" tg-width=\"750\" tg-height=\"1016\"/></p><p>GameStop shares are up 73.9% in 2024 and AMC shares are down 14.7%, compared with the S&amp;P 500 index’s gain of 12.7%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4076":"电脑与电子产品零售","BK4547":"WSB热门概念","BK4577":"网络游戏","BK4108":"电影和娱乐","BK4585":"ETF&股票定投概念","GME":"游戏驿站","BK4588":"碎股"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2442396801","content_text":"Influential trader and analyst Keith Gill, also known as Roaring Kitty, sparked the recent meme-stock rally with his return to social mediaGameStop shares ended Tuesday’s session up 22.8%.Influential trader Keith Gill, also known as Roaring Kitty, appeared to be holding his position in GameStop Corp. as shares of the videogame retailer and original meme stock rallied after sliding in premarket trading.GameStop’s stock closed up 22.8% to register its biggest gain since June 6, when the stock rose 47.5%. The company’s shares ended Monday’s session down 12% and closed down 39.4% Friday, registering their worst day since 2021 as Gill hosted his first YouTube livestream in three years.A Reddit post on June 2 from an account associated with Gill appeared to show him holding a big stake in GameStop. Subsequent posts, including one on Monday afternoon, showed Gill holding the position, with 5 million shares of GameStop and 120,000 GameStop call options with a $20 strike price and June 21 expiration date, along with $29.4 million in cash.On Monday, Stocktwits, a social platform for investors and traders, wrote about Gill on X: “He’s now down $51 million on the day, but still up 18%.” In a subsequent tweet, Stocktwits added: “If he bought [Nvidia] instead, he would be up around 35%.”Gill also showed a screenshot of the same positions during his closely watched YouTube livestream Friday.The trader was an influential figure in the 2021 meme-stock frenzy that sent shares of GameStop and AMC Entertainment Holdings Inc. skyrocketing. Gill’s return to social media last month sparked a new meme-stock rally that prompted a rise in shares of GameStop and AMC as well as other stocks.On Sunday, Gill made another cryptic post on X. The @TheRoaringKitty account posted a still image from the Batman film “The Dark Knight.” The image showed the Joker, played by the late Heath Ledger, preparing for a bank heist, which is the first scene in the movie. In the posted image, a cat mask has been superimposed on the clown mask that the Joker carries.On Monday afternoon, Gill posted an image on X of a man pointing at his reflection in a mirror with the words, “You were a billionaire.”On Tuesday, Roaring Kitty made another post on X, a meme based on the children’s cartoon “The Amazing World of Gumball.”GameStop shares are up 73.9% in 2024 and AMC shares are down 14.7%, compared with the S&P 500 index’s gain of 12.7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313753903861784,"gmtCreate":1717638481506,"gmtModify":1717638485503,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"This play is not about business fundamentals although company has minimal debt,&nbsp; was profitable last quarter,&nbsp; has 2bn in cash as Victor said shorts never closed.... boom","listText":"This play is not about business fundamentals although company has minimal debt,&nbsp; was profitable last quarter,&nbsp; has 2bn in cash as Victor said shorts never closed.... boom","text":"This play is not about business fundamentals although company has minimal debt, was profitable last quarter, has 2bn in cash as Victor said shorts never closed.... boom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313753903861784","repostId":"2441778574","repostType":2,"repost":{"id":"2441778574","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1717630865,"share":"https://ttm.financial/m/news/2441778574?lang=&edition=fundamental","pubTime":"2024-06-06 07:41","market":"sg","language":"en","title":"GameStop Shares Resume Rally, Seal Highest Close in 3 Weeks","url":"https://stock-news.laohu8.com/highlight/detail?id=2441778574","media":"Dow Jones","summary":"The videogame retailer's shares are in the spotlight once again with the return of influential trader Keith Gill, also known as Roaring Kitty. Shares of GameStop Corp. resumed their rally Wednesday, with the stock climbing 19.1% after ending Tuesday's session down 5.4%.The videogame retailer's shares  finished trading at $31.57, their highest close since May 15, 2024, when they ended that day's session at $39.55. GameStop's stock is now up four of the last five trading sessions.Influential trader Keith Gill, also known as Roaring Kitty, last month sparked a new meme-stock rally that sent skyrocketing shares of GameStop and AMC Entertainment Holdings Inc. , as well as a number of other stocks. GameStop and AMC were at the heart of the original meme-stock rally in 2021, which saw Gill rise to prominence.Shares of GameStop surged again on Monday after a Reddit post from an account associated with Gill appeared to show him holding a big stake in the videogame retailer. A subsequent screens","content":"<html><head></head><body><p>Shares of GameStop Corp. resumed their rally Wednesday, with the stock climbing 19.1% after ending Tuesday&#39;s session down 5.4%.</p><p>The videogame retailer&#39;s shares <a href=\"https://laohu8.com/S/GME\">$(GME)$</a> finished trading at $31.57, their highest close since May 15, 2024, when they ended that day&#39;s session at $39.55. GameStop&#39;s stock is now up four of the last five trading sessions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/96996b2cc8d52b3f5fac817c59ee6d12\" tg-width=\"805\" tg-height=\"625\"/></p><p>Influential trader Keith Gill, also known as Roaring Kitty, last month sparked a new meme-stock rally that sent skyrocketing shares of GameStop and AMC Entertainment Holdings Inc. <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, as well as a number of other stocks. GameStop and AMC were at the heart of the original meme-stock rally in 2021, which saw Gill rise to prominence.</p><p>AMC shares closed up 7.5% Wednesday after ending Tuesday&#39;s session down 0.4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a5e25304febd9208d080a8f856634448\" tg-width=\"804\" tg-height=\"625\"/></p><p>Shares of GameStop surged again on Monday after a <a href=\"https://laohu8.com/S/RDDT\">Reddit</a> post from an account associated with Gill appeared to show him holding a big stake in the videogame retailer. A subsequent screenshot posted Monday showed Gill holding his position.</p><p>MarketWatch could not verify the authenticity of the screenshots. Gill also made a cryptic post on X, formerly known as Twitter, posting a green &#34;reverse&#34; card from the card game Uno.</p><p>On Tuesday, a spokesperson for Massachusetts Secretary of State Bill Galvin told MarketWatch that the state&#39;s securities division is &#34;looking into&#34; Gill&#39;s trading activities.</p><p>Citing people familiar with the matter, the Wall Street Journal reported this week that the Securities and Exchange Commission has been reviewing trading in GameStop call options around the time of the social-media posts from Gill. However, it could not be determined if the SEC was reviewing Gill specifically, according to the Journal.</p><p>Gill has not yet responded to requests for comment on the Massachusetts probe or the SEC&#39;s reported trading review.</p><p>GameStop shares are up 80.1% in 2024, while AMC&#39;s stock is down 15.9% and the S&amp;P 500 index SPX is up 12.3%.</p><p>Gordon Gottsegen contributed.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Shares Resume Rally, Seal Highest Close in 3 Weeks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Shares Resume Rally, Seal Highest Close in 3 Weeks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-06 07:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of GameStop Corp. resumed their rally Wednesday, with the stock climbing 19.1% after ending Tuesday&#39;s session down 5.4%.</p><p>The videogame retailer&#39;s shares <a href=\"https://laohu8.com/S/GME\">$(GME)$</a> finished trading at $31.57, their highest close since May 15, 2024, when they ended that day&#39;s session at $39.55. GameStop&#39;s stock is now up four of the last five trading sessions.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/96996b2cc8d52b3f5fac817c59ee6d12\" tg-width=\"805\" tg-height=\"625\"/></p><p>Influential trader Keith Gill, also known as Roaring Kitty, last month sparked a new meme-stock rally that sent skyrocketing shares of GameStop and AMC Entertainment Holdings Inc. <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, as well as a number of other stocks. GameStop and AMC were at the heart of the original meme-stock rally in 2021, which saw Gill rise to prominence.</p><p>AMC shares closed up 7.5% Wednesday after ending Tuesday&#39;s session down 0.4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a5e25304febd9208d080a8f856634448\" tg-width=\"804\" tg-height=\"625\"/></p><p>Shares of GameStop surged again on Monday after a <a href=\"https://laohu8.com/S/RDDT\">Reddit</a> post from an account associated with Gill appeared to show him holding a big stake in the videogame retailer. A subsequent screenshot posted Monday showed Gill holding his position.</p><p>MarketWatch could not verify the authenticity of the screenshots. Gill also made a cryptic post on X, formerly known as Twitter, posting a green &#34;reverse&#34; card from the card game Uno.</p><p>On Tuesday, a spokesperson for Massachusetts Secretary of State Bill Galvin told MarketWatch that the state&#39;s securities division is &#34;looking into&#34; Gill&#39;s trading activities.</p><p>Citing people familiar with the matter, the Wall Street Journal reported this week that the Securities and Exchange Commission has been reviewing trading in GameStop call options around the time of the social-media posts from Gill. However, it could not be determined if the SEC was reviewing Gill specifically, according to the Journal.</p><p>Gill has not yet responded to requests for comment on the Massachusetts probe or the SEC&#39;s reported trading review.</p><p>GameStop shares are up 80.1% in 2024, while AMC&#39;s stock is down 15.9% and the S&amp;P 500 index SPX is up 12.3%.</p><p>Gordon Gottsegen contributed.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","BK4076":"电脑与电子产品零售","AMC":"AMC院线","GME":"游戏驿站","BK4585":"ETF&股票定投概念","BK4108":"电影和娱乐","BK4577":"网络游戏","BK4547":"WSB热门概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2441778574","content_text":"Shares of GameStop Corp. resumed their rally Wednesday, with the stock climbing 19.1% after ending Tuesday's session down 5.4%.The videogame retailer's shares $(GME)$ finished trading at $31.57, their highest close since May 15, 2024, when they ended that day's session at $39.55. GameStop's stock is now up four of the last five trading sessions.Influential trader Keith Gill, also known as Roaring Kitty, last month sparked a new meme-stock rally that sent skyrocketing shares of GameStop and AMC Entertainment Holdings Inc. $(AMC)$, as well as a number of other stocks. GameStop and AMC were at the heart of the original meme-stock rally in 2021, which saw Gill rise to prominence.AMC shares closed up 7.5% Wednesday after ending Tuesday's session down 0.4%.Shares of GameStop surged again on Monday after a Reddit post from an account associated with Gill appeared to show him holding a big stake in the videogame retailer. A subsequent screenshot posted Monday showed Gill holding his position.MarketWatch could not verify the authenticity of the screenshots. Gill also made a cryptic post on X, formerly known as Twitter, posting a green \"reverse\" card from the card game Uno.On Tuesday, a spokesperson for Massachusetts Secretary of State Bill Galvin told MarketWatch that the state's securities division is \"looking into\" Gill's trading activities.Citing people familiar with the matter, the Wall Street Journal reported this week that the Securities and Exchange Commission has been reviewing trading in GameStop call options around the time of the social-media posts from Gill. However, it could not be determined if the SEC was reviewing Gill specifically, according to the Journal.Gill has not yet responded to requests for comment on the Massachusetts probe or the SEC's reported trading review.GameStop shares are up 80.1% in 2024, while AMC's stock is down 15.9% and the S&P 500 index SPX is up 12.3%.Gordon Gottsegen contributed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300409727553672,"gmtCreate":1714361641223,"gmtModify":1714368233379,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"As Victor said shorts never closed.... boom","listText":"As Victor said shorts never closed.... boom","text":"As Victor said shorts never closed.... boom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300409727553672","repostId":"2430080557","repostType":2,"repost":{"id":"2430080557","kind":"highlight","pubTimestamp":1714359516,"share":"https://ttm.financial/m/news/2430080557?lang=&edition=fundamental","pubTime":"2024-04-29 10:58","market":"us","language":"en","title":"GameStop: Approaching An Optimistic Fair Value But Not There Yet","url":"https://stock-news.laohu8.com/highlight/detail?id=2430080557","media":"Seeking Alpha","summary":"I would steer clear of the GameStop stock – in every sense – both long and short.The fact that I have to mention this is a consequence for all serious market participants and potentially shows the dam","content":"<html><head></head><body><ul style=\"\"><li><p>I would steer clear of the GameStop stock – in every sense – both long and short.</p></li><li><p>The fact that I have to mention this is a consequence for all serious market participants and potentially shows the damage to market transparency and efficiency to this day.</p></li><li><p>GameStop does have some value, but it still lies well below its current share price. &#34;Healthy shrinkage&#34; leads back to profitability.</p></li><li><p>Current valuation implies reduced contraction whilst significantly expanding margins.</p></li><li><p>I have already covered other representatives of the gaming industry, including Nintendo and Take-Two Interactive.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3618396cc4f4e4fac0a49f89df65762a\" alt=\"Michael M. Santiago\" title=\"Michael M. Santiago\" tg-width=\"750\" tg-height=\"500\"/><span>Michael M. Santiago</span></p><h2 id=\"id_3934977145\">A Three-Year Long Ride Down Towards Fair Value</h2><p>At about 15 USD a share two months ago, my attention was drawn back to GameStop (NYSE:GME) three years after its dramatic showdown between retail traders and hedge funds, which led to its erratic price movements. I suggested that in a highly optimistic scenario, the downside could at least drop to 10 USD, a level we have already witnessed. Now, given GME&#39;s latest quarterly results, I conducted a more in-depth analysis of its current fair value. These are the key points of my thesis:</p><ul style=\"\"><li><p>I argue that although GME has already traversed the majority of its remarkably extended journey down from excessive peaks toward fair value, it still hasn&#39;t reached its destination.</p></li><li><p>The business model simply continues to offer little in terms of attractiveness.</p></li><li><p>I compare the macroeconomic, monetary, and fiscal landscape during the height of the excesses with how fundamentally different it appears today.</p></li><li><p>Most importantly, I conduct a simplified yet fundamentally-based valuation for GME, based on the most recent numbers.</p></li></ul><h2 id=\"id_2362039122\">Partially Charming, But Not A Sustainable Business Model</h2><p>Looking into GME&#39;s operational revenue segments over time, it is easily observable that their formerly high-margin segment of <em>reselling second-hand gaming products</em> has been in a consistent decline since 2012. This is not very surprising and points to a fundamental problem that is still valid today. Due to digital sales, often directly marketed through the gaming platforms&#39; in-house stores, the market for pre-owned video games should further decline significantly. And here we are not even discussing outsourcing computing power to cloud gaming, which could potentially render hardware obsolete in the future. With that, I also anticipate the existing games and hardware to consistently decrease in market value, despite some rare pieces that might gain vintage charm and value one day. Moreover, I see little rationale for someone to sell their old hardware cheaply to GameStop, which aims to profit from it, when it is easier than ever to sell through various reselling platforms privately, without intermediaries. &#34;Our largest vendors are Sony, Nintendo, and Microsoft, which collectively accounted for a majority of our new product purchases in fiscal 2023&#34;, an unsurprising fact according to GME&#39;s 10-K filings that still leaves a very bitter taste, as it clearly indicates GameStop&#39;s lack of market power or, conversely, the high power of its suppliers.</p><p>On the other hand, I believe that physical <em>collectibles,</em> as a counterpart to digitalization, might remain in demand among gaming and franchise fans. But &#34;Collectibles also included our digital asset wallet and NFT marketplace activities in fiscal 2023; however, both activities were wound down in the fourth quarter of 2023,&#34; it says in GME&#39;s 10-K filings. Issues like these, on the other hand, make me less optimistic about seeing a serious long-term strategy in GameStop. They jumped onto the NFT bandwagon and shut it down shortly thereafter. In this context, I would like to point out another risk that GME itself has identified in its 10-K filings: High turnover in key leadership positions could lead to a lack of clarity in GameStop&#39;s strategic direction. Coupled with high turnover rates in the retail and fulfillment sectors, this poses a risk to GameStop&#39;s ability to attract and retain skilled personnel, including key executives, potentially affecting the company&#39;s sustainable business development.</p><p>Looking at the formerly reported <em>segment &#34;digital&#34;,</em> it is evident that GameStop has never been able to significantly grow in this area. From my perspective, GameStop is therefore a nostalgic remnant of a relatively analog world, whose preservation would personally delight me, but which today does not show any promising prospects for a future business model.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b01ca0a173ba863026e2a06357b8d717\" alt=\"GME revenue segments (Aktienfinder.net)\" title=\"GME revenue segments (Aktienfinder.net)\" tg-width=\"640\" tg-height=\"141\"/><span>GME revenue segments (Aktienfinder.net)</span></p><h2 id=\"id_2366121430\">Macroeconomic Enablers of a Rollercoaster Ride</h2><p>Some may still view GME differently than I do on a fundamental level, either through trading strategies or idealistic movements. But despite my support for democratizing the stock market, I do not at all see the GameStop events as beneficial to the cause. The &#34;diamond hands&#34; movement, while aiming to challenge the status quo, resulted in significant losses for many, with GME now trading almost 90% below its peak. Today&#39;s trading volume is no more but a shadow of its 2021 frenzy, underscoring the transient nature of such movements. This episode, marred by manipulative tactics on both sides, underscores a power struggle without any lasting victors.</p><p>Certainly, herd-psychological and technical market mechanisms like Short Squeezes were at play. However, as a fundamental analyst, I am also interested in the broader context that may have facilitated these occurrences. One of the primary sources of &#34;free money&#34; enabling investors to engage in such behavior was monetary policy, with Fed assets doubling and interest rates being slashed in response to the pandemic. With this money, for instance, the US government was able to distribute funds like watering gardens via stimulus checks to the population. From March 2020 to March 2021, $814 billion flowed in three rounds, averaging 159 million payments per round. This amounted to a staggering 4% compared to the 2021 US Real GDP, or more than $5,000 per recipient.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5710225dbdb34a6a0099999394a08a3e\" alt=\"multpl.com, FRED, investing.com\" title=\"multpl.com, FRED, investing.com\" tg-width=\"640\" tg-height=\"382\"/><span>multpl.com, FRED, investing.com</span></p><p>As we are all aware, the current environment is markedly different, with the Fed having reduced its balance sheet and having substantially raised interest rates since the outset of 2022. Therefore, I suspect that stimulus checks played a significant role in enabling retail investors to engage in such behavior. This is clearly not something to speculate about occurring again in today&#39;s environment.</p><h2 id=\"id_48820230\">Accelerated Contraction During Holiday Season</h2><p>For a long-term retrospective to 2017, I reassigned the old segments to the new structure at my discretion. Notably, the software segment shrunk annually by -14% over eight years. Due to the more stable performance of the other two segments, the total annual revenue decline during this period was -8%. After having established the new segment structure as of 2020, the shrinkage of the software segment was -20% annually and -7% at the corporate level. The dynamics of this contraction became even more pronounced in the last fiscal year compared to long-term averages, with an acceleration to -11% in total revenue, and the quarter-over-year comparison showed the most significant contraction, with -19% in total revenue or -24% in the software segment, despite this being the seasonally strongest quarter with Christmas holiday sales. &#34;Our business (…) is seasonal, with the major portion of sales and operating profit realized during the fourth quarter of the fiscal year (…). (…) During fiscal 2023 and 2022, we generated approximately 34% and 38%, respectively, of our sales during the fourth quarter.&#34; (GME 10-K Filings)</p><p>On a positive note, operational margins appear to have bottomed out two years ago and have since returned to breakeven on an annual basis, with a 3% net margin in the holiday quarter. Next, I optimistically assume that through a &#34;healthy shrinkage&#34;, GameStop will nearly reach old profitability levels with a 6% operational margin.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1bbcc494fb61e32cfbd74de08f057b44\" alt=\"Author | Data: Aktienfinder.net\" title=\"Author | Data: Aktienfinder.net\" tg-width=\"640\" tg-height=\"224\"/><span>Author | Data: Aktienfinder.net</span></p><h2 id=\"id_1203239824\">Investment Behavior Illustrating Shrinkage</h2><p>For a simplified derivation of free cash flow, I particularly consider the depreciation to CAPEX ratio resulting from GameStop&#39;s contraction. Historical data up to 2018 shows CAPEX exceeding depreciation aimed at growth, whereas since 2019 the company has fully embraced contraction, with depreciation consistently exceeding investments - most recently with a 63% CAPEX to depreciation ratio, or $20 million higher depreciation than investments. This results in a positive cash effect, contrary to the typical negative cash effect seen in growing companies that invest more than they depreciate. I will account for this positive cash effect in the subsequent calculation of free cash flow by adding the latest effect of $20 million to NOPLAT.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2571e3b5901480b277c84a541f83a89d\" alt=\"Author | Data: Seeking Alpha\" title=\"Author | Data: Seeking Alpha\" tg-width=\"640\" tg-height=\"167\"/><span>Author | Data: Seeking Alpha</span></p><h2 id=\"id_2163227530\">Fair Value With Optimistic Margins</h2><p>Regarding the terminal growth rate, I rely on the historical revenue CAGR of -7.8% over the past eight years, given there are no signs of a turnaround toward fundamental business growth. While this might initially seem high, it&#39;s still significantly lower than the accelerated contraction dynamics observed in the past year and the most recent quarter. In the sensitivity analysis, I also consider lower contraction rates, extending to a 0% growth scenario.</p><p>From all the assumptions discussed so far, a simplified company valuation emerges: Revenue x an optimistic future EBIT margin of 6% minus 25% taxes, plus the positive cash effect from low CAPEX requirements = free cash flow. The risk profile is marked by low country risk but a high 24M Beta factor of 1.8 (according to Seeking Alpha), leading to a WACC of approximately 11%. Adding the perpetual shrinkage assumption of around 8%, the Gordon Growth formula yields 19% in the denominator, resulting in a discounted value of FCF at 1.34 billion USD. Adding net cash, this yields a 1.94 billion USD equity value or 6.34 USD per share. Today&#39;s market value of around 11 USD, for instance, implies a 10% EBIT margin goal with only -4% terminal contraction or an 8% EBIT margin with zero growth starting now. Both scenarios seem unrealistic from today&#39;s perspective.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/95dbebeb19a03b285e85d52352c3701b\" alt=\"Author | Data: Aktienfinder.net, Seeking Alpha\" title=\"Author | Data: Aktienfinder.net, Seeking Alpha\" tg-width=\"640\" tg-height=\"462\"/><span>Author | Data: Aktienfinder.net, Seeking Alpha</span></p><p>The assumption of perpetual decline logically doesn&#39;t provide a basis for seeing GameStop as an investment case. In fact, this approach only accounts for the cumulative future earnings on today&#39;s book value (recorded equity value). The book value is estimated at 1.34 billion USD.</p><h2 id=\"id_972782077\">Conclusion And Personal Perspective</h2><p>This article was not written for traders or ideologically inclined activists who might interpret stock prices completely differently. From my very personal point of view, the GME madness was probably a lose-lose situation for all participants, with very few winners on the side of some &#34;revolutionary&#34; retail traders, who finally let each other down by taking profits themselves - not being better than others whom they accuse of market manipulation. From a fundamental perspective, GME&#39;s current value is indeed already closer to what could be considered plausible in overly optimistic scenarios, but based on my assumptions, it remains significantly overvalued. This is without even addressing the broader question of whether investing in a shrinking business model makes sense. If you want to explore other aspects of the gaming industry, I&#39;d be happy if you checked out my related articles on Nintendo (OTCPK:NTDOY)(OTCPK:NTDOF) and Take-Two Interactive (TTWO).</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop: Approaching An Optimistic Fair Value But Not There Yet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop: Approaching An Optimistic Fair Value But Not There Yet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-29 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4687078-gamestop-approaching-an-optimistic-fair-value-but-not-there-yet><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I would steer clear of the GameStop stock – in every sense – both long and short.The fact that I have to mention this is a consequence for all serious market participants and potentially shows the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4687078-gamestop-approaching-an-optimistic-fair-value-but-not-there-yet\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4085":"互动家庭娱乐","GME":"游戏驿站","BK4588":"碎股","BK4547":"WSB热门概念","BK4076":"电脑与电子产品零售","BK4554":"元宇宙及AR概念","BK4524":"宅经济概念","BK4577":"网络游戏","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4585":"ETF&股票定投概念"},"source_url":"https://seekingalpha.com/article/4687078-gamestop-approaching-an-optimistic-fair-value-but-not-there-yet","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2430080557","content_text":"I would steer clear of the GameStop stock – in every sense – both long and short.The fact that I have to mention this is a consequence for all serious market participants and potentially shows the damage to market transparency and efficiency to this day.GameStop does have some value, but it still lies well below its current share price. \"Healthy shrinkage\" leads back to profitability.Current valuation implies reduced contraction whilst significantly expanding margins.I have already covered other representatives of the gaming industry, including Nintendo and Take-Two Interactive.Michael M. SantiagoA Three-Year Long Ride Down Towards Fair ValueAt about 15 USD a share two months ago, my attention was drawn back to GameStop (NYSE:GME) three years after its dramatic showdown between retail traders and hedge funds, which led to its erratic price movements. I suggested that in a highly optimistic scenario, the downside could at least drop to 10 USD, a level we have already witnessed. Now, given GME's latest quarterly results, I conducted a more in-depth analysis of its current fair value. These are the key points of my thesis:I argue that although GME has already traversed the majority of its remarkably extended journey down from excessive peaks toward fair value, it still hasn't reached its destination.The business model simply continues to offer little in terms of attractiveness.I compare the macroeconomic, monetary, and fiscal landscape during the height of the excesses with how fundamentally different it appears today.Most importantly, I conduct a simplified yet fundamentally-based valuation for GME, based on the most recent numbers.Partially Charming, But Not A Sustainable Business ModelLooking into GME's operational revenue segments over time, it is easily observable that their formerly high-margin segment of reselling second-hand gaming products has been in a consistent decline since 2012. This is not very surprising and points to a fundamental problem that is still valid today. Due to digital sales, often directly marketed through the gaming platforms' in-house stores, the market for pre-owned video games should further decline significantly. And here we are not even discussing outsourcing computing power to cloud gaming, which could potentially render hardware obsolete in the future. With that, I also anticipate the existing games and hardware to consistently decrease in market value, despite some rare pieces that might gain vintage charm and value one day. Moreover, I see little rationale for someone to sell their old hardware cheaply to GameStop, which aims to profit from it, when it is easier than ever to sell through various reselling platforms privately, without intermediaries. \"Our largest vendors are Sony, Nintendo, and Microsoft, which collectively accounted for a majority of our new product purchases in fiscal 2023\", an unsurprising fact according to GME's 10-K filings that still leaves a very bitter taste, as it clearly indicates GameStop's lack of market power or, conversely, the high power of its suppliers.On the other hand, I believe that physical collectibles, as a counterpart to digitalization, might remain in demand among gaming and franchise fans. But \"Collectibles also included our digital asset wallet and NFT marketplace activities in fiscal 2023; however, both activities were wound down in the fourth quarter of 2023,\" it says in GME's 10-K filings. Issues like these, on the other hand, make me less optimistic about seeing a serious long-term strategy in GameStop. They jumped onto the NFT bandwagon and shut it down shortly thereafter. In this context, I would like to point out another risk that GME itself has identified in its 10-K filings: High turnover in key leadership positions could lead to a lack of clarity in GameStop's strategic direction. Coupled with high turnover rates in the retail and fulfillment sectors, this poses a risk to GameStop's ability to attract and retain skilled personnel, including key executives, potentially affecting the company's sustainable business development.Looking at the formerly reported segment \"digital\", it is evident that GameStop has never been able to significantly grow in this area. From my perspective, GameStop is therefore a nostalgic remnant of a relatively analog world, whose preservation would personally delight me, but which today does not show any promising prospects for a future business model.GME revenue segments (Aktienfinder.net)Macroeconomic Enablers of a Rollercoaster RideSome may still view GME differently than I do on a fundamental level, either through trading strategies or idealistic movements. But despite my support for democratizing the stock market, I do not at all see the GameStop events as beneficial to the cause. The \"diamond hands\" movement, while aiming to challenge the status quo, resulted in significant losses for many, with GME now trading almost 90% below its peak. Today's trading volume is no more but a shadow of its 2021 frenzy, underscoring the transient nature of such movements. This episode, marred by manipulative tactics on both sides, underscores a power struggle without any lasting victors.Certainly, herd-psychological and technical market mechanisms like Short Squeezes were at play. However, as a fundamental analyst, I am also interested in the broader context that may have facilitated these occurrences. One of the primary sources of \"free money\" enabling investors to engage in such behavior was monetary policy, with Fed assets doubling and interest rates being slashed in response to the pandemic. With this money, for instance, the US government was able to distribute funds like watering gardens via stimulus checks to the population. From March 2020 to March 2021, $814 billion flowed in three rounds, averaging 159 million payments per round. This amounted to a staggering 4% compared to the 2021 US Real GDP, or more than $5,000 per recipient.multpl.com, FRED, investing.comAs we are all aware, the current environment is markedly different, with the Fed having reduced its balance sheet and having substantially raised interest rates since the outset of 2022. Therefore, I suspect that stimulus checks played a significant role in enabling retail investors to engage in such behavior. This is clearly not something to speculate about occurring again in today's environment.Accelerated Contraction During Holiday SeasonFor a long-term retrospective to 2017, I reassigned the old segments to the new structure at my discretion. Notably, the software segment shrunk annually by -14% over eight years. Due to the more stable performance of the other two segments, the total annual revenue decline during this period was -8%. After having established the new segment structure as of 2020, the shrinkage of the software segment was -20% annually and -7% at the corporate level. The dynamics of this contraction became even more pronounced in the last fiscal year compared to long-term averages, with an acceleration to -11% in total revenue, and the quarter-over-year comparison showed the most significant contraction, with -19% in total revenue or -24% in the software segment, despite this being the seasonally strongest quarter with Christmas holiday sales. \"Our business (…) is seasonal, with the major portion of sales and operating profit realized during the fourth quarter of the fiscal year (…). (…) During fiscal 2023 and 2022, we generated approximately 34% and 38%, respectively, of our sales during the fourth quarter.\" (GME 10-K Filings)On a positive note, operational margins appear to have bottomed out two years ago and have since returned to breakeven on an annual basis, with a 3% net margin in the holiday quarter. Next, I optimistically assume that through a \"healthy shrinkage\", GameStop will nearly reach old profitability levels with a 6% operational margin.Author | Data: Aktienfinder.netInvestment Behavior Illustrating ShrinkageFor a simplified derivation of free cash flow, I particularly consider the depreciation to CAPEX ratio resulting from GameStop's contraction. Historical data up to 2018 shows CAPEX exceeding depreciation aimed at growth, whereas since 2019 the company has fully embraced contraction, with depreciation consistently exceeding investments - most recently with a 63% CAPEX to depreciation ratio, or $20 million higher depreciation than investments. This results in a positive cash effect, contrary to the typical negative cash effect seen in growing companies that invest more than they depreciate. I will account for this positive cash effect in the subsequent calculation of free cash flow by adding the latest effect of $20 million to NOPLAT.Author | Data: Seeking AlphaFair Value With Optimistic MarginsRegarding the terminal growth rate, I rely on the historical revenue CAGR of -7.8% over the past eight years, given there are no signs of a turnaround toward fundamental business growth. While this might initially seem high, it's still significantly lower than the accelerated contraction dynamics observed in the past year and the most recent quarter. In the sensitivity analysis, I also consider lower contraction rates, extending to a 0% growth scenario.From all the assumptions discussed so far, a simplified company valuation emerges: Revenue x an optimistic future EBIT margin of 6% minus 25% taxes, plus the positive cash effect from low CAPEX requirements = free cash flow. The risk profile is marked by low country risk but a high 24M Beta factor of 1.8 (according to Seeking Alpha), leading to a WACC of approximately 11%. Adding the perpetual shrinkage assumption of around 8%, the Gordon Growth formula yields 19% in the denominator, resulting in a discounted value of FCF at 1.34 billion USD. Adding net cash, this yields a 1.94 billion USD equity value or 6.34 USD per share. Today's market value of around 11 USD, for instance, implies a 10% EBIT margin goal with only -4% terminal contraction or an 8% EBIT margin with zero growth starting now. Both scenarios seem unrealistic from today's perspective.Author | Data: Aktienfinder.net, Seeking AlphaThe assumption of perpetual decline logically doesn't provide a basis for seeing GameStop as an investment case. In fact, this approach only accounts for the cumulative future earnings on today's book value (recorded equity value). The book value is estimated at 1.34 billion USD.Conclusion And Personal PerspectiveThis article was not written for traders or ideologically inclined activists who might interpret stock prices completely differently. From my very personal point of view, the GME madness was probably a lose-lose situation for all participants, with very few winners on the side of some \"revolutionary\" retail traders, who finally let each other down by taking profits themselves - not being better than others whom they accuse of market manipulation. From a fundamental perspective, GME's current value is indeed already closer to what could be considered plausible in overly optimistic scenarios, but based on my assumptions, it remains significantly overvalued. This is without even addressing the broader question of whether investing in a shrinking business model makes sense. If you want to explore other aspects of the gaming industry, I'd be happy if you checked out my related articles on Nintendo (OTCPK:NTDOY)(OTCPK:NTDOF) and Take-Two Interactive (TTWO).","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380541294657784,"gmtCreate":1733931140636,"gmtModify":1733931144527,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"I like the stock","listText":"I like the stock","text":"I like the stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380541294657784","repostId":"2490107830","repostType":2,"repost":{"id":"2490107830","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1733864985,"share":"https://ttm.financial/m/news/2490107830?lang=&edition=fundamental","pubTime":"2024-12-11 05:09","market":"us","language":"en","title":"GameStop Reports Third-Quarter Profit on Spending Cuts","url":"https://stock-news.laohu8.com/highlight/detail?id=2490107830","media":"Reuters","summary":"$GameStop(GME)$ reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.CEO Ryan Cohen told inv","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/GME\">GameStop</a> reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.</p><p>CEO Ryan Cohen told investors in June the company would operate with &#34;a smaller network and more value-added&#34; items as a part of its attempt to boost sales and profitability.</p><p>This helped GameStop report a net income of $17.4 million in the third quarter, compared with a net loss of $3.1 million a year ago.</p><p>Its shares were up 3% in extended trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/beaf76ba97c04e834bcbb1427aa7c03d\" tg-width=\"766\" tg-height=\"598\"/></p><p>The company has been grappling with a slower turnaround of its main business as it struggles to ramp up sales of videogame hardware and collectibles, while facing stiff competition from online retail giants such as Amazon.com and eBay.</p><p>It is also burdened by an uncertain macroeconomic environment, as consumers cut back on discretionary spending owing to stubborn inflation and a slow recovery in the gaming market.</p><p>Wedbush Securities analyst Michael Pachter said he does not see any signs the company&#39;s &#34;core business is salvageable&#34;.</p><p>&#34;There is no turnaround, just stock sales to willingly foolish investors,&#34; Pachter said.</p><p>Its shares have rallied more than 50% this year after stock influencer Keith Gill, also known as &#34;Roaring Kitty&#34;, reemerged earlier in 2024, sparking excitement among his followers.</p><p>The company has taken advantage of the jump in its stock price by raising around $3 billion earlier this year through share sales.</p><p>Gill was a key figure in the meme-stock frenzy of 2021, in which GameStop stock surged 1,600% at one point in January that year, crushing hedge funds that had bet against the videogame retailer.</p><p>GameStop&#39;s third-quarter revenue fell 20% to $860 million, compared with $1.08 billion a year ago.</p><p>Cash and cash equivalents at the end of the third quarter were $4.58 billion, compared with $4.19 billion in the preceding three-month period.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Reports Third-Quarter Profit on Spending Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Reports Third-Quarter Profit on Spending Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-12-11 05:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/GME\">GameStop</a> reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.</p><p>CEO Ryan Cohen told investors in June the company would operate with &#34;a smaller network and more value-added&#34; items as a part of its attempt to boost sales and profitability.</p><p>This helped GameStop report a net income of $17.4 million in the third quarter, compared with a net loss of $3.1 million a year ago.</p><p>Its shares were up 3% in extended trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/beaf76ba97c04e834bcbb1427aa7c03d\" tg-width=\"766\" tg-height=\"598\"/></p><p>The company has been grappling with a slower turnaround of its main business as it struggles to ramp up sales of videogame hardware and collectibles, while facing stiff competition from online retail giants such as Amazon.com and eBay.</p><p>It is also burdened by an uncertain macroeconomic environment, as consumers cut back on discretionary spending owing to stubborn inflation and a slow recovery in the gaming market.</p><p>Wedbush Securities analyst Michael Pachter said he does not see any signs the company&#39;s &#34;core business is salvageable&#34;.</p><p>&#34;There is no turnaround, just stock sales to willingly foolish investors,&#34; Pachter said.</p><p>Its shares have rallied more than 50% this year after stock influencer Keith Gill, also known as &#34;Roaring Kitty&#34;, reemerged earlier in 2024, sparking excitement among his followers.</p><p>The company has taken advantage of the jump in its stock price by raising around $3 billion earlier this year through share sales.</p><p>Gill was a key figure in the meme-stock frenzy of 2021, in which GameStop stock surged 1,600% at one point in January that year, crushing hedge funds that had bet against the videogame retailer.</p><p>GameStop&#39;s third-quarter revenue fell 20% to $860 million, compared with $1.08 billion a year ago.</p><p>Cash and cash equivalents at the end of the third quarter were $4.58 billion, compared with $4.19 billion in the preceding three-month period.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cc1b80381f62294ed0789093ad83059b","relate_stocks":{},"source_url":"https://www.channelnewsasia.com/business/gamestop-reports-third-quarter-profit-spending-cuts-4799231","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2490107830","content_text":"GameStop reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.CEO Ryan Cohen told investors in June the company would operate with \"a smaller network and more value-added\" items as a part of its attempt to boost sales and profitability.This helped GameStop report a net income of $17.4 million in the third quarter, compared with a net loss of $3.1 million a year ago.Its shares were up 3% in extended trading.The company has been grappling with a slower turnaround of its main business as it struggles to ramp up sales of videogame hardware and collectibles, while facing stiff competition from online retail giants such as Amazon.com and eBay.It is also burdened by an uncertain macroeconomic environment, as consumers cut back on discretionary spending owing to stubborn inflation and a slow recovery in the gaming market.Wedbush Securities analyst Michael Pachter said he does not see any signs the company's \"core business is salvageable\".\"There is no turnaround, just stock sales to willingly foolish investors,\" Pachter said.Its shares have rallied more than 50% this year after stock influencer Keith Gill, also known as \"Roaring Kitty\", reemerged earlier in 2024, sparking excitement among his followers.The company has taken advantage of the jump in its stock price by raising around $3 billion earlier this year through share sales.Gill was a key figure in the meme-stock frenzy of 2021, in which GameStop stock surged 1,600% at one point in January that year, crushing hedge funds that had bet against the videogame retailer.GameStop's third-quarter revenue fell 20% to $860 million, compared with $1.08 billion a year ago.Cash and cash equivalents at the end of the third quarter were $4.58 billion, compared with $4.19 billion in the preceding three-month period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375365902675976,"gmtCreate":1732645970251,"gmtModify":1732645974941,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"I would say that this is more a combo of short&nbsp; reporting date and opex clearing rather than some speculation on&nbsp; bezinga. I like the stock.","listText":"I would say that this is more a combo of short&nbsp; reporting date and opex clearing rather than some speculation on&nbsp; bezinga. I like the stock.","text":"I would say that this is more a combo of short reporting date and opex clearing rather than some speculation on bezinga. I like the stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375365902675976","repostId":"1116331473","repostType":4,"repost":{"id":"1116331473","kind":"news","weMediaInfo":{"introduction":"Track stock‘s movements and relevant news","home_visible":1,"media_name":"Stock Track","id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"pubTimestamp":1732644862,"share":"https://ttm.financial/m/news/1116331473?lang=&edition=fundamental","pubTime":"2024-11-27 02:14","market":"hk","language":"en","title":"Stock Track | GameStop Soars 6.39% Amid Speculation of Bitcoin Adoption","url":"https://stock-news.laohu8.com/highlight/detail?id=1116331473","media":"Stock Track","summary":"GameStop Corp.  shares surged 6.39% in intraday trading on Tuesday, amid speculation that the company could follow the footsteps of MicroStrategy and Rumble Inc. in adopting Bitcoin as a treasury asset.The speculation was fueled by a news article from Benzinga, which reported that Rumble Inc.  had approved a plan to invest up to $20 million in Bitcoin. The article also mentioned that GameStop's board had previously granted CEO Ryan Cohen increased control over the company's cash hoard, raising t","content":"<p>GameStop Corp. (GME) shares surged 6.39% in intraday trading on Tuesday, amid speculation that the company could follow the footsteps of MicroStrategy and Rumble Inc. in adopting Bitcoin as a treasury asset.</p>\n\n<p>The speculation was fueled by a news article from Benzinga, which reported that Rumble Inc. (RUM) had approved a plan to invest up to $20 million in Bitcoin. The article also mentioned that GameStop's board had previously granted CEO Ryan Cohen increased control over the company's cash hoard, raising the possibility that he could allocate funds to alternative investments such as cryptocurrencies.</p>\n\n<p>However, it's important to note that GameStop has not officially announced any plans to invest in Bitcoin or other cryptocurrencies. The speculation is based solely on the Benzinga article and comments made on social media platforms.</p>","source":"ai_movement_en","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | GameStop Soars 6.39% Amid Speculation of Bitcoin Adoption</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | GameStop Soars 6.39% Amid Speculation of Bitcoin Adoption\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-27 02:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>GameStop Corp. (GME) shares surged 6.39% in intraday trading on Tuesday, amid speculation that the company could follow the footsteps of MicroStrategy and Rumble Inc. in adopting Bitcoin as a treasury asset.</p>\n\n<p>The speculation was fueled by a news article from Benzinga, which reported that Rumble Inc. (RUM) had approved a plan to invest up to $20 million in Bitcoin. The article also mentioned that GameStop's board had previously granted CEO Ryan Cohen increased control over the company's cash hoard, raising the possibility that he could allocate funds to alternative investments such as cryptocurrencies.</p>\n\n<p>However, it's important to note that GameStop has not officially announced any plans to invest in Bitcoin or other cryptocurrencies. The speculation is based solely on the Benzinga article and comments made on social media platforms.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116331473","content_text":"GameStop Corp. (GME) shares surged 6.39% in intraday trading on Tuesday, amid speculation that the company could follow the footsteps of MicroStrategy and Rumble Inc. in adopting Bitcoin as a treasury asset.\nThe speculation was fueled by a news article from Benzinga, which reported that Rumble Inc. (RUM) had approved a plan to invest up to $20 million in Bitcoin. The article also mentioned that GameStop's board had previously granted CEO Ryan Cohen increased control over the company's cash hoard, raising the possibility that he could allocate funds to alternative investments such as cryptocurrencies.\nHowever, it's important to note that GameStop has not officially announced any plans to invest in Bitcoin or other cryptocurrencies. The speculation is based solely on the Benzinga article and comments made on social media platforms.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341682456637568,"gmtCreate":1724440414110,"gmtModify":1724440418942,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"Profitable business&nbsp; 4 bil cash Minimal debt I like the stock.&nbsp;","listText":"Profitable business&nbsp; 4 bil cash Minimal debt I like the stock.&nbsp;","text":"Profitable business 4 bil cash Minimal debt I like the stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341682456637568","repostId":"2461877943","repostType":2,"repost":{"id":"2461877943","kind":"highlight","pubTimestamp":1724266399,"share":"https://ttm.financial/m/news/2461877943?lang=&edition=fundamental","pubTime":"2024-08-22 02:53","market":"us","language":"en","title":"What Is GameStop Actually Worth?","url":"https://stock-news.laohu8.com/highlight/detail?id=2461877943","media":"seekingalpha","summary":"Today, we're exploring what 'Fair Value' for GME shares could be.Given the declining sales figures, persistent headwinds, and patently absurd valuation, we're staying far away from this stock.In an op","content":"<html><body><ul><li>Today, we're exploring what 'Fair Value' for GME shares could be.</li><li>Given the declining sales figures, persistent headwinds, and patently absurd valuation, we're staying far away from this stock.</li><li>In an optimistic scenario, we've pegged Fair Value at around $6.5 per share, which is 72% beneath the current stock price.</li><li>We rate GME a 'Strong Sell'.</li></ul><p><figure><picture> <img fetchpriority=\"high\" height=\"1024px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture><figcaption> <p>jetcityimage</p></figcaption></figure></p> <p>Most of the time when we review a company, we start with the premise that the market is probably <em>somewhat</em> correct, if not entirely correct, about a stock's value.</p> <p>We <strong>often think that the market is wrong </strong>upon<span> further inspection, but it typically pays to </span><em>at least get a sense</em><span> of what investors are thinking before starting your own analysis. Then, you can ferret out the degree to which you think you have an edge, which can then be expressed in a position.</span></p> <p>In the case of GameStop (<span>NYSE:GME</span>), the reverse is probably true.</p> <p>As a bona fide meme stock, the company doesn't trade on fundamentals, and so there's really no reason to take a look at 'market expectations' because they're quite difficult to parse.</p> <p>In May, Roaring Kitty, the meme stock 'hero' from 2021, showed that he had a massive amount of<span> capital invested in the name, and the stock flew up more than 500% over a few days from trough to peak:</span></p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17240937495659525.png\"/></span> </picture><figcaption><p><span>TradingView</span></p></figcaption></figure></p> <p>In situations like this, we think it's a lot easier to <strong>work backwards from the ground up</strong> to get a sense of where the stock could be headed over the long term.</p> <p>Today, we'll be doing just that.</p> <p>In this article, we'll take a look at GME's business, trends, and assets to determine what we think the company is worth on a fundamental basis.</p> <p>Then, we'll issue our rating.</p> <p>In case you're short on time, we think GME is a 'Strong Sell' - a speculative plaything for shorter term traders that has no position in a serious portfolio.</p> <p>If you want to see how we came to that conclusion, then read on.</p> <h2>GME's Financials</h2> <p>If you're just coming into the picture now for the first time in the last few years, here are the high-level stats to be aware of.</p> <p>GME's market cap is around <strong>$9.5 billion</strong>.</p> <p>Over the last twelve months, the company did <strong>$4.9 billion</strong> in revenue, <strong>$1.2 billion</strong> in gross profit, and <strong>$24 <em>million</em></strong> ($0.024 billion) in net income.</p> <p>This is a net margin of <strong>0.51%</strong>, which puts the company slightly in the black.</p> <p>For context, these financial results come within the picture of generally falling revenue, worsening operating income, and plummeting EBIT:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17240945219148483.png\"/></span> </picture><figcaption><p>Revenue <span>(Seeking Alpha)</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-1724094583444458.png\"/></span> </picture><figcaption><p>Operating Income <span>(Seeking Alpha)</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17240946123812904.png\"/></span> </picture><figcaption><p>EBIT <span>(Seeking Alpha)</span></p></figcaption></figure></p> <p>To some, the incremental improvements over the last year or so to GME's bottom line have served as 'proof' of the company's turnaround, but cash from operations remains firmly negative as net losses around payables and inventory keep cropping up:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17240947017725484.png\"/></span> </picture><figcaption><p><span>Seeking Alpha</span></p></figcaption></figure></p> <p>To be clear, we do want to give management some credit for shoring up the balance sheet, cutting costs, and getting the company into fighting shape looking forward.</p> <p>Since 2021, the company has been focused on a few key prongs, all of which have been focused on making the company investible:</p> <blockquote> <p>• <strong>Establish Omnichannel Retail Excellence </strong>- We aim to be the leading destination for games and entertainment products through our stores and ecommerce platforms. To accomplish this, we are taking steps to ensure we are a fast and convenient solution for our customers. This includes increased product availability across all channels, faster fulfillment through ship from store offerings, and a further improved customer service experience.</p> <p>• <strong>Achieve Profitability </strong>- During fiscal 2023, we continued to optimize our cost structure to align with our current and anticipated future needs. We will continue to focus on cost containment as we look to operate with increased efficiency.</p> <p>• <strong>Leverage Brand Equity to Support Growth </strong>- GameStop has many strengths and assets, including strong household brand recognition and a significant store network.</p> </blockquote> <p>Taken together, there have been some improvements made to GME from an asset allocation standpoint.</p> <p><strong>That said, there are still huge headwinds that shareholders should be ready to contend with.</strong></p> <p>The main cause of GME's revenue decline has been an increase in digital game purchases directly on consoles and PCs, which is a trend that we don't see reversing anytime soon.</p> <p>In 2023, only 17% of console gaming revenue was physical, as opposed to digital:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17241007292095253.png\"/></span> </picture><figcaption><p><span>TweakTown | NewZoo</span></p></figcaption></figure></p> <p>In 2022, just one year earlier, the number was 28%.</p> <p>To us, these megatrends in gaming represent <strong>terminal velocity</strong> when it comes to physical sales. We <em>will</em> have an all-digital future in gaming - it's hard to see things going any other direction.</p> <p>To underscore this fact, console manufacturers are already producing consoles without disc slots:</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/saupload_main-qimg-5c7da1cf2145b1b5b8cce2015393ed73-lq.jpeg\"/> </picture><figcaption><p><span>Quora</span></p></figcaption></figure></p> <p>To be fair to GME, the company does sell adjacent products to games as well, including software keys and collectibles:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17241010867839038.png\"/></span> </picture><figcaption><p><span>10Q</span></p></figcaption></figure></p> <p>Plus, gamers need to go somewhere to <em>buy</em> consoles, controllers, and other equipment, which means that we don't think <em>all</em> of GME's revenue sources are going to zero.</p> <p><strong>However</strong>, GME's cost structure is going to have a tough time coping with the decline in sales if and when games begin to make up a smaller and smaller portion of what people actually buy at GameStop.</p> <p>It's already happening:</p> <blockquote><p>[We had a] 29.1%, decline in the sale of new software, a $220.5 million, or 30.4%, decline in the sale of hardware and accessories, and a $36.2 million, or 20.9%, decline in the sale of collectibles.</p></blockquote> <p>It's very hard to cut your way to profitability when sales are dropping this fast:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-1724101712231091.png\"/></span> </picture><figcaption><p><span>Seeking Alpha</span></p></figcaption></figure></p> <p>Slashing SG&amp;A simply can't keep up with market forces that are beyond GME's control.</p> <p>On top of that, all of the aforementioned moves taken to improve the company's position thus far have come at great expense to shareholders, as retained earnings continue to plunge into the red and common equity value declines:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/8/19/51481993-17241003428534157.png\"/></span> </picture><figcaption><p><span>Seeking Alpha</span></p></figcaption></figure></p> <p>Long story short, we think the company is in better shape than it was in 2021, but it's very hard to imagine a scenario where GME can get revenue moving in the right direction <em>and</em> keep the cost structure profitable.</p> <p>We think GME will stay in business for the foreseeable future and could even be profitable going forward given the improved balance sheet. However, doing so would likely mean that the company's revenue would be a fraction of where it is today.</p> <p>This brings us to the valuation.</p> <h2>GME's Valuation</h2> <p>Right now, as we mentioned, GME's market cap is roughly <strong>$9.5 billion</strong>.</p> <p>But what is the company <em>actually</em> worth?</p> <p>Well, if you assume that sales will continue declining until the company sells an even split of collectibles, consoles, and software keys at some point in the next 5 years, then we're looking at a revenue base of roughly <strong>$1.2 - $1.5 billion per year</strong>.</p> <p>On this, if management can continue making progress on the cost structure, then we could see 10% net margins over time (which is a tad generous given the headwinds), which would result in $120 - $150 million per annum in profit.</p> <p>This would be an optimal outcome for shareholders, in our view, and assumes solid management execution to get to this point.</p> <p>If you slap on a 12x P/E - which is a discount to the sector's average 17x P/E due to GME's lower growth profile - then you end up with a potential market cap somewhere in the $1.4 - $1.8 billion range.</p> <p>Tack on the additional $1 billion in cash, and you end up with $2.4 - $2.8 billion market cap as a Fair Value for GME sometime over the next few years.</p> <p>Remember, this assumption includes continued declines in sales to a 'baseline' (which might not exist) and assumes 10% net margins (which may be impossible to generate).</p> <p>Taken together, we'd argue this is a rosy projection.</p> <p>Right now, GME is trading at a $9.5 billion market cap, which is significantly higher than this value. If GME were to fall tomorrow to this estimate, investors would lose 72% overnight, and <strong>shares would settle around the $6.5 mark</strong>.</p> <p>The key thing here is that GME's sales are still substantial, which means that it's easy for investors to look at the company and think the following:</p> <blockquote><p>'Well, if sales can stay flat and profitability improves, then the multiple doesn't look so crazy'.</p></blockquote> <p>However, as sales continue to drop (as they have been doing), then the $9.5 billion market cap makes absolutely no sense from a fundamental standpoint.</p> <p>Long story short, given the discrepancy between our projection and the company's current market cap, it's hard to argue that GME is anything other than a 'Strong Sell'.</p> <h2>Risks</h2> <p>That said, we don't think you should be shorting the stock.</p> <p>As we mentioned at the start of this article, GME doesn't trade off of fundamental value in the short term, which means that the stock is prone to serious, prolonged, nasty spikes which are sure to wreck the average short seller.</p> <p>As Manuel Paul Dipold's recent article summarized in the title: \"<strong>GameStop: Too Risky To Buy, Too Risky To Short</strong>\".</p> <p>This seems about right, in our view.</p> <p>We've outlined the many risks to staying long at this price, but going short simply doesn't make a lot of sense either.</p> <h2>Summary</h2> <p>All in all, we think the best path for investors interested in GME is simply to stay away. It's too volatile to consider as a short play, and the fundamentals simply don't back a long position.</p> <p>Thus, our 'Strong Sell' rating.</p> <div></div> <p>Stay safe out there!</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Is GameStop Actually Worth?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Is GameStop Actually Worth?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-22 02:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4716275-what-is-gamestop-actually-worth><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Today, we're exploring what 'Fair Value' for GME shares could be.Given the declining sales figures, persistent headwinds, and patently absurd valuation, we're staying far away from this stock.In an ...</p>\n\n<a href=\"https://seekingalpha.com/article/4716275-what-is-gamestop-actually-worth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1340091859/image_1340091859.jpg","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4076":"电脑与电子产品零售","BK4577":"网络游戏","GME":"游戏驿站","BK4547":"WSB热门概念"},"source_url":"https://seekingalpha.com/article/4716275-what-is-gamestop-actually-worth","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2461877943","content_text":"Today, we're exploring what 'Fair Value' for GME shares could be.Given the declining sales figures, persistent headwinds, and patently absurd valuation, we're staying far away from this stock.In an optimistic scenario, we've pegged Fair Value at around $6.5 per share, which is 72% beneath the current stock price.We rate GME a 'Strong Sell'.   jetcityimage Most of the time when we review a company, we start with the premise that the market is probably somewhat correct, if not entirely correct, about a stock's value. We often think that the market is wrong upon further inspection, but it typically pays to at least get a sense of what investors are thinking before starting your own analysis. Then, you can ferret out the degree to which you think you have an edge, which can then be expressed in a position. In the case of GameStop (NYSE:GME), the reverse is probably true. As a bona fide meme stock, the company doesn't trade on fundamentals, and so there's really no reason to take a look at 'market expectations' because they're quite difficult to parse. In May, Roaring Kitty, the meme stock 'hero' from 2021, showed that he had a massive amount of capital invested in the name, and the stock flew up more than 500% over a few days from trough to peak:   TradingView In situations like this, we think it's a lot easier to work backwards from the ground up to get a sense of where the stock could be headed over the long term. Today, we'll be doing just that. In this article, we'll take a look at GME's business, trends, and assets to determine what we think the company is worth on a fundamental basis. Then, we'll issue our rating. In case you're short on time, we think GME is a 'Strong Sell' - a speculative plaything for shorter term traders that has no position in a serious portfolio. If you want to see how we came to that conclusion, then read on. GME's Financials If you're just coming into the picture now for the first time in the last few years, here are the high-level stats to be aware of. GME's market cap is around $9.5 billion. Over the last twelve months, the company did $4.9 billion in revenue, $1.2 billion in gross profit, and $24 million ($0.024 billion) in net income. This is a net margin of 0.51%, which puts the company slightly in the black. For context, these financial results come within the picture of generally falling revenue, worsening operating income, and plummeting EBIT:   Revenue (Seeking Alpha)  Operating Income (Seeking Alpha)  EBIT (Seeking Alpha) To some, the incremental improvements over the last year or so to GME's bottom line have served as 'proof' of the company's turnaround, but cash from operations remains firmly negative as net losses around payables and inventory keep cropping up:   Seeking Alpha To be clear, we do want to give management some credit for shoring up the balance sheet, cutting costs, and getting the company into fighting shape looking forward. Since 2021, the company has been focused on a few key prongs, all of which have been focused on making the company investible:  • Establish Omnichannel Retail Excellence - We aim to be the leading destination for games and entertainment products through our stores and ecommerce platforms. To accomplish this, we are taking steps to ensure we are a fast and convenient solution for our customers. This includes increased product availability across all channels, faster fulfillment through ship from store offerings, and a further improved customer service experience. • Achieve Profitability - During fiscal 2023, we continued to optimize our cost structure to align with our current and anticipated future needs. We will continue to focus on cost containment as we look to operate with increased efficiency. • Leverage Brand Equity to Support Growth - GameStop has many strengths and assets, including strong household brand recognition and a significant store network.  Taken together, there have been some improvements made to GME from an asset allocation standpoint. That said, there are still huge headwinds that shareholders should be ready to contend with. The main cause of GME's revenue decline has been an increase in digital game purchases directly on consoles and PCs, which is a trend that we don't see reversing anytime soon. In 2023, only 17% of console gaming revenue was physical, as opposed to digital:   TweakTown | NewZoo In 2022, just one year earlier, the number was 28%. To us, these megatrends in gaming represent terminal velocity when it comes to physical sales. We will have an all-digital future in gaming - it's hard to see things going any other direction. To underscore this fact, console manufacturers are already producing consoles without disc slots:   Quora To be fair to GME, the company does sell adjacent products to games as well, including software keys and collectibles:   10Q Plus, gamers need to go somewhere to buy consoles, controllers, and other equipment, which means that we don't think all of GME's revenue sources are going to zero. However, GME's cost structure is going to have a tough time coping with the decline in sales if and when games begin to make up a smaller and smaller portion of what people actually buy at GameStop. It's already happening: [We had a] 29.1%, decline in the sale of new software, a $220.5 million, or 30.4%, decline in the sale of hardware and accessories, and a $36.2 million, or 20.9%, decline in the sale of collectibles. It's very hard to cut your way to profitability when sales are dropping this fast:   Seeking Alpha Slashing SG&A simply can't keep up with market forces that are beyond GME's control. On top of that, all of the aforementioned moves taken to improve the company's position thus far have come at great expense to shareholders, as retained earnings continue to plunge into the red and common equity value declines:   Seeking Alpha Long story short, we think the company is in better shape than it was in 2021, but it's very hard to imagine a scenario where GME can get revenue moving in the right direction and keep the cost structure profitable. We think GME will stay in business for the foreseeable future and could even be profitable going forward given the improved balance sheet. However, doing so would likely mean that the company's revenue would be a fraction of where it is today. This brings us to the valuation. GME's Valuation Right now, as we mentioned, GME's market cap is roughly $9.5 billion. But what is the company actually worth? Well, if you assume that sales will continue declining until the company sells an even split of collectibles, consoles, and software keys at some point in the next 5 years, then we're looking at a revenue base of roughly $1.2 - $1.5 billion per year. On this, if management can continue making progress on the cost structure, then we could see 10% net margins over time (which is a tad generous given the headwinds), which would result in $120 - $150 million per annum in profit. This would be an optimal outcome for shareholders, in our view, and assumes solid management execution to get to this point. If you slap on a 12x P/E - which is a discount to the sector's average 17x P/E due to GME's lower growth profile - then you end up with a potential market cap somewhere in the $1.4 - $1.8 billion range. Tack on the additional $1 billion in cash, and you end up with $2.4 - $2.8 billion market cap as a Fair Value for GME sometime over the next few years. Remember, this assumption includes continued declines in sales to a 'baseline' (which might not exist) and assumes 10% net margins (which may be impossible to generate). Taken together, we'd argue this is a rosy projection. Right now, GME is trading at a $9.5 billion market cap, which is significantly higher than this value. If GME were to fall tomorrow to this estimate, investors would lose 72% overnight, and shares would settle around the $6.5 mark. The key thing here is that GME's sales are still substantial, which means that it's easy for investors to look at the company and think the following: 'Well, if sales can stay flat and profitability improves, then the multiple doesn't look so crazy'. However, as sales continue to drop (as they have been doing), then the $9.5 billion market cap makes absolutely no sense from a fundamental standpoint. Long story short, given the discrepancy between our projection and the company's current market cap, it's hard to argue that GME is anything other than a 'Strong Sell'. Risks That said, we don't think you should be shorting the stock. As we mentioned at the start of this article, GME doesn't trade off of fundamental value in the short term, which means that the stock is prone to serious, prolonged, nasty spikes which are sure to wreck the average short seller. As Manuel Paul Dipold's recent article summarized in the title: \"GameStop: Too Risky To Buy, Too Risky To Short\". This seems about right, in our view. We've outlined the many risks to staying long at this price, but going short simply doesn't make a lot of sense either. Summary All in all, we think the best path for investors interested in GME is simply to stay away. It's too volatile to consider as a short play, and the fundamentals simply don't back a long position. Thus, our 'Strong Sell' rating.  Stay safe out there!","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328422527443040,"gmtCreate":1721190916771,"gmtModify":1721190920363,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"I like the stock.","listText":"I like the stock.","text":"I like the stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328422527443040","repostId":"2452128159","repostType":2,"repost":{"id":"2452128159","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1721183338,"share":"https://ttm.financial/m/news/2452128159?lang=&edition=fundamental","pubTime":"2024-07-17 10:28","market":"us","language":"en","title":"GameStop Stock Rises for Seventh Day, Hits Highest Level in a Month","url":"https://stock-news.laohu8.com/highlight/detail?id=2452128159","media":"Dow Jones","summary":"GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.The stock was up 2.1% by just before noon, trading at $27.56. It's up 58% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.The current streak has sent the stock price up 16% for its best seven-day stretch since June and its highest price in a month. GameStop stock's highest close for the year so far was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.GameStop stock hit an intraday high for the year of nearly $65 in May on excitement o ver Roaring Kitty's return, before slipping. The stock is currently down 68% from a recor","content":"<html><head></head><body><p>GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.</p><p>The stock was up 5.7% on Tuesday. It&#39;s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/944e516ed7d5c4e6b611f3e8c82aad26\" tg-width=\"772\" tg-height=\"627\"/></p><p>The current streak has sent the stock price up 16% for its best seven-day stretch since June and its highest price in a month. GameStop stock&#39;s highest close for the year so far was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.</p><p>The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.</p><p>GameStop stock hit an intraday high for the year of nearly $65 in May on excitement o ver Roaring Kitty&#39;s return, before slipping. The stock is currently down 68% from a record high in 2021.</p><p>Another meme-stock trade, Trump Media &amp; Technology Group, rose sharply Monday, following the assassination attempt on the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen tweeted what appeared to be an endorsement of Donald Trump in the 2024 election shortly afterward.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock Rises for Seventh Day, Hits Highest Level in a Month</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock Rises for Seventh Day, Hits Highest Level in a Month\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-07-17 10:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.</p><p>The stock was up 5.7% on Tuesday. It&#39;s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/944e516ed7d5c4e6b611f3e8c82aad26\" tg-width=\"772\" tg-height=\"627\"/></p><p>The current streak has sent the stock price up 16% for its best seven-day stretch since June and its highest price in a month. GameStop stock&#39;s highest close for the year so far was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.</p><p>The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.</p><p>GameStop stock hit an intraday high for the year of nearly $65 in May on excitement o ver Roaring Kitty&#39;s return, before slipping. The stock is currently down 68% from a record high in 2021.</p><p>Another meme-stock trade, Trump Media &amp; Technology Group, rose sharply Monday, following the assassination attempt on the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen tweeted what appeared to be an endorsement of Donald Trump in the 2024 election shortly afterward.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4077":"互动媒体与服务","BK4588":"碎股","BK4547":"WSB热门概念","BK4516":"特朗普概念","BK4585":"ETF&股票定投概念","BK4076":"电脑与电子产品零售","BK4577":"网络游戏"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2452128159","content_text":"GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.The stock was up 5.7% on Tuesday. It's up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.The current streak has sent the stock price up 16% for its best seven-day stretch since June and its highest price in a month. GameStop stock's highest close for the year so far was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.GameStop stock hit an intraday high for the year of nearly $65 in May on excitement o ver Roaring Kitty's return, before slipping. The stock is currently down 68% from a record high in 2021.Another meme-stock trade, Trump Media & Technology Group, rose sharply Monday, following the assassination attempt on the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen tweeted what appeared to be an endorsement of Donald Trump in the 2024 election shortly afterward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326751889604856,"gmtCreate":1720806927762,"gmtModify":1720806968199,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"One question I would ask is this meme stock frenzy or price discovery&nbsp;","listText":"One question I would ask is this meme stock frenzy or price discovery&nbsp;","text":"One question I would ask is this meme stock frenzy or price discovery","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/326751889604856","repostId":"2450596153","repostType":2,"repost":{"id":"2450596153","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1720699500,"share":"https://ttm.financial/m/news/2450596153?lang=&edition=fundamental","pubTime":"2024-07-11 20:05","market":"us","language":"en","title":"Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2450596153","media":"Dow Jones","summary":"Meme stocks are alive and kicking, despite rumors of their demise, says Derek Horstmeyer, professor of finance at the Costello College of Business at George Mason University. The last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media.The recent flurry of activity proved that meme stocks are alive and kicking, despite rumors of their demise. \"I think we all predicted meme stocks will disappear when they raised interest rates, that it would stop the party, but it didn't,\" Derek Horstmeyer, a professor of finance at the Costello College of Business at George Mason University. \"I think when they lower them, it's going to be more full on - you can borrow at a lower cost.\"Here we go again,\" wrote @WingGirlTrader, on X, formerly Twitter, with a fac","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?\n</p>\n<p>\n  By James Rogers \n</p>\n<p>\n     Meme stocks are alive and kicking, despite rumors of their demise, says Derek Horstmeyer, professor of finance at the Costello College of Business at George Mason University \n</p>\n<p>\n     The last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media. \n</p>\n<p>\n     The recent flurry of activity proved that meme stocks are alive and kicking, despite rumors of their demise. \"I think we all predicted meme stocks will disappear when they raised interest rates, that it would stop the party, but it didn't,\" Derek Horstmeyer, a professor of finance at the Costello College of Business at George Mason University. \"I think when they lower them, it's going to be more full on - you can borrow at a lower cost. \n</p>\n<p>\n     \"I think the party will be even more on,\" he added. \n</p>\n<p>\n     Related: Why Roaring Kitty is a GameStop 'true believer' \n</p>\n<p>\n     Gill posts as Roaring Kitty on X, formerly known as Twitter, and YouTube. He uses the moniker u/DeepF-ingValue when posting on <a href=\"https://laohu8.com/S/RDDT\">Reddit</a> Inc. (RDDT). While Gill clearly looms large over the meme-stock landscape, Horstmeyer thinks that other figures could also emerge as key players. \"You never know who is going to be the next celebrity in this circle of meme-stock investors,\" he said. \n</p>\n<p>\n     The professor pointed to AMC Entertainment Holdings Inc. <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> CEO Adam Aron and his relationship with the investors, who refer to themselves as 'apes', that turned the movie-theater chain into an original meme stock in 2021. \"Who would have predicted the AMC CEO becoming beloved in the meme world?\" Horstmeyer added. \n</p>\n<p>\n     Gill, a pivotal figure in the 2021 meme stock frenzy, recently increased his stake in meme stock GameStop Corp. <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>, sending it skyrocketing. The trader also voiced his support for GameStop Chief Executive Ryan Cohen in his first livestream since 2021 on June 7. \n</p>\n<p>\n     Related: GameStop's stock suffers worst day since 2021 despite Roaring Kitty livestream \n</p>\n<p>\n     There was another meme stock twist on June 27 when Gill posted an image of a dog on X. The post sparked speculation that it could be a reference to Chewy Inc. <a href=\"https://laohu8.com/S/CHWY\">$(CHWY)$</a>, an online retailer of pet products, sending the stock surging. \n</p>\n<p>\n     GameStop CEO Ryan Cohen is the former CEO and co-founder of Chewy. \n</p>\n<p>\n     It was subsequently disclosed in a filing with the Securities and Exchange Commission that Gill has a 6.6% stake in Chewy. \n</p>\n<p>\n     Related: Roaring Kitty cements Chewy's meme-stock status, despite company's improving fundamentals \n</p>\n<p>\n     Other stocks, such as BlackBerry Ltd. <a href=\"https://laohu8.com/S/BB\">$(BB)$</a> and headphone maker Koss Corp. <a href=\"https://laohu8.com/S/KOSS\">$(KOSS)$</a> were also lifted in the recent meme-stock frenzy, with the latter climbing again on rumors that Gill would be buying shares. \n</p>\n<p>\n     \"Here we go again,\" wrote @WingGirlTrader, on X, formerly Twitter, with a facepalm emoji, on July 5. \"Stock spiking of rumor of Roaring Kitty getting involved in purchasing shares.\" \n</p>\n<p>\n     \"Thanks to the tin foil hat conspiracy theorists on reddit for this one!\" wrote @neel_trades on X on July 3. \"Happy with this trade all around, great one to review and add to the database.\" \n</p>\n<p>\n     Related: Koss's stock pares gains after spike amid rumors of interest from Roaring Kitty \n</p>\n<p>\n     Gill has not made any public posts about Koss. \n</p>\n<p>\n     Finance Professor Horstmeyer thinks that meme stocks will be around for the foreseeable future. \n</p>\n<p>\n     \"As long as you have these platforms that charge no fees, and there's more and more products out there - the more leveraged products there are, the more these meme stocks will pop up,\" he told MarketWatch. \n</p>\n<p>\n     The anti-establishment vibe that swirls around the meme-stock world will also endure, thanks in no small part to social media, according to Horstmeyer. \n</p>\n<p>\n     \"A lot of these meme stocks, people think that they are sticking it to the powers that be,\" he said. \"To screw over the high-frequency traders, to screw over the shorts.\" \n</p>\n<p>\n     -James Rogers \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 11, 2024 08:05 ET (12:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-07-11 20:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?\n</p>\n<p>\n  By James Rogers \n</p>\n<p>\n     Meme stocks are alive and kicking, despite rumors of their demise, says Derek Horstmeyer, professor of finance at the Costello College of Business at George Mason University \n</p>\n<p>\n     The last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media. \n</p>\n<p>\n     The recent flurry of activity proved that meme stocks are alive and kicking, despite rumors of their demise. \"I think we all predicted meme stocks will disappear when they raised interest rates, that it would stop the party, but it didn't,\" Derek Horstmeyer, a professor of finance at the Costello College of Business at George Mason University. \"I think when they lower them, it's going to be more full on - you can borrow at a lower cost. \n</p>\n<p>\n     \"I think the party will be even more on,\" he added. \n</p>\n<p>\n     Related: Why Roaring Kitty is a GameStop 'true believer' \n</p>\n<p>\n     Gill posts as Roaring Kitty on X, formerly known as Twitter, and YouTube. He uses the moniker u/DeepF-ingValue when posting on <a href=\"https://laohu8.com/S/RDDT\">Reddit</a> Inc. (RDDT). While Gill clearly looms large over the meme-stock landscape, Horstmeyer thinks that other figures could also emerge as key players. \"You never know who is going to be the next celebrity in this circle of meme-stock investors,\" he said. \n</p>\n<p>\n     The professor pointed to AMC Entertainment Holdings Inc. <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> CEO Adam Aron and his relationship with the investors, who refer to themselves as 'apes', that turned the movie-theater chain into an original meme stock in 2021. \"Who would have predicted the AMC CEO becoming beloved in the meme world?\" Horstmeyer added. \n</p>\n<p>\n     Gill, a pivotal figure in the 2021 meme stock frenzy, recently increased his stake in meme stock GameStop Corp. <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>, sending it skyrocketing. The trader also voiced his support for GameStop Chief Executive Ryan Cohen in his first livestream since 2021 on June 7. \n</p>\n<p>\n     Related: GameStop's stock suffers worst day since 2021 despite Roaring Kitty livestream \n</p>\n<p>\n     There was another meme stock twist on June 27 when Gill posted an image of a dog on X. The post sparked speculation that it could be a reference to Chewy Inc. <a href=\"https://laohu8.com/S/CHWY\">$(CHWY)$</a>, an online retailer of pet products, sending the stock surging. \n</p>\n<p>\n     GameStop CEO Ryan Cohen is the former CEO and co-founder of Chewy. \n</p>\n<p>\n     It was subsequently disclosed in a filing with the Securities and Exchange Commission that Gill has a 6.6% stake in Chewy. \n</p>\n<p>\n     Related: Roaring Kitty cements Chewy's meme-stock status, despite company's improving fundamentals \n</p>\n<p>\n     Other stocks, such as BlackBerry Ltd. <a href=\"https://laohu8.com/S/BB\">$(BB)$</a> and headphone maker Koss Corp. <a href=\"https://laohu8.com/S/KOSS\">$(KOSS)$</a> were also lifted in the recent meme-stock frenzy, with the latter climbing again on rumors that Gill would be buying shares. \n</p>\n<p>\n     \"Here we go again,\" wrote @WingGirlTrader, on X, formerly Twitter, with a facepalm emoji, on July 5. \"Stock spiking of rumor of Roaring Kitty getting involved in purchasing shares.\" \n</p>\n<p>\n     \"Thanks to the tin foil hat conspiracy theorists on reddit for this one!\" wrote @neel_trades on X on July 3. \"Happy with this trade all around, great one to review and add to the database.\" \n</p>\n<p>\n     Related: Koss's stock pares gains after spike amid rumors of interest from Roaring Kitty \n</p>\n<p>\n     Gill has not made any public posts about Koss. \n</p>\n<p>\n     Finance Professor Horstmeyer thinks that meme stocks will be around for the foreseeable future. \n</p>\n<p>\n     \"As long as you have these platforms that charge no fees, and there's more and more products out there - the more leveraged products there are, the more these meme stocks will pop up,\" he told MarketWatch. \n</p>\n<p>\n     The anti-establishment vibe that swirls around the meme-stock world will also endure, thanks in no small part to social media, according to Horstmeyer. \n</p>\n<p>\n     \"A lot of these meme stocks, people think that they are sticking it to the powers that be,\" he said. \"To screw over the high-frequency traders, to screw over the shorts.\" \n</p>\n<p>\n     -James Rogers \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 11, 2024 08:05 ET (12:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4108":"电影和娱乐","BK4577":"网络游戏","KOSS":"高斯电子","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4097":"系统软件","BK4077":"互动媒体与服务","BK4588":"碎股","BK4122":"互联网与直销零售","CHWY":"Chewy, Inc.","BK4078":"消费电子产品","GME":"游戏驿站","BK4200":"专卖店","BK4076":"电脑与电子产品零售","AMC":"AMC院线","BK4548":"巴美列捷福持仓","RDDT":"Reddit"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2450596153","content_text":"MW Roaring Kitty, rumors, and 'tin foil hat conspiracy theorists': What's next for meme stocks?\n\n\n  By James Rogers \n\n\n     Meme stocks are alive and kicking, despite rumors of their demise, says Derek Horstmeyer, professor of finance at the Costello College of Business at George Mason University \n\n\n     The last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media. \n\n\n     The recent flurry of activity proved that meme stocks are alive and kicking, despite rumors of their demise. \"I think we all predicted meme stocks will disappear when they raised interest rates, that it would stop the party, but it didn't,\" Derek Horstmeyer, a professor of finance at the Costello College of Business at George Mason University. \"I think when they lower them, it's going to be more full on - you can borrow at a lower cost. \n\n\n     \"I think the party will be even more on,\" he added. \n\n\n     Related: Why Roaring Kitty is a GameStop 'true believer' \n\n\n     Gill posts as Roaring Kitty on X, formerly known as Twitter, and YouTube. He uses the moniker u/DeepF-ingValue when posting on Reddit Inc. (RDDT). While Gill clearly looms large over the meme-stock landscape, Horstmeyer thinks that other figures could also emerge as key players. \"You never know who is going to be the next celebrity in this circle of meme-stock investors,\" he said. \n\n\n     The professor pointed to AMC Entertainment Holdings Inc. $(AMC)$ CEO Adam Aron and his relationship with the investors, who refer to themselves as 'apes', that turned the movie-theater chain into an original meme stock in 2021. \"Who would have predicted the AMC CEO becoming beloved in the meme world?\" Horstmeyer added. \n\n\n     Gill, a pivotal figure in the 2021 meme stock frenzy, recently increased his stake in meme stock GameStop Corp. $(GME)$, sending it skyrocketing. The trader also voiced his support for GameStop Chief Executive Ryan Cohen in his first livestream since 2021 on June 7. \n\n\n     Related: GameStop's stock suffers worst day since 2021 despite Roaring Kitty livestream \n\n\n     There was another meme stock twist on June 27 when Gill posted an image of a dog on X. The post sparked speculation that it could be a reference to Chewy Inc. $(CHWY)$, an online retailer of pet products, sending the stock surging. \n\n\n     GameStop CEO Ryan Cohen is the former CEO and co-founder of Chewy. \n\n\n     It was subsequently disclosed in a filing with the Securities and Exchange Commission that Gill has a 6.6% stake in Chewy. \n\n\n     Related: Roaring Kitty cements Chewy's meme-stock status, despite company's improving fundamentals \n\n\n     Other stocks, such as BlackBerry Ltd. $(BB)$ and headphone maker Koss Corp. $(KOSS)$ were also lifted in the recent meme-stock frenzy, with the latter climbing again on rumors that Gill would be buying shares. \n\n\n     \"Here we go again,\" wrote @WingGirlTrader, on X, formerly Twitter, with a facepalm emoji, on July 5. \"Stock spiking of rumor of Roaring Kitty getting involved in purchasing shares.\" \n\n\n     \"Thanks to the tin foil hat conspiracy theorists on reddit for this one!\" wrote @neel_trades on X on July 3. \"Happy with this trade all around, great one to review and add to the database.\" \n\n\n     Related: Koss's stock pares gains after spike amid rumors of interest from Roaring Kitty \n\n\n     Gill has not made any public posts about Koss. \n\n\n     Finance Professor Horstmeyer thinks that meme stocks will be around for the foreseeable future. \n\n\n     \"As long as you have these platforms that charge no fees, and there's more and more products out there - the more leveraged products there are, the more these meme stocks will pop up,\" he told MarketWatch. \n\n\n     The anti-establishment vibe that swirls around the meme-stock world will also endure, thanks in no small part to social media, according to Horstmeyer. \n\n\n     \"A lot of these meme stocks, people think that they are sticking it to the powers that be,\" he said. \"To screw over the high-frequency traders, to screw over the shorts.\" \n\n\n     -James Rogers \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 11, 2024 08:05 ET (12:05 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":305706295718144,"gmtCreate":1715669825632,"gmtModify":1715669962313,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"as Victor said shorts never closed... boom","listText":"as Victor said shorts never closed... boom","text":"as Victor said shorts never closed... boom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/305706295718144","isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":214934169034864,"gmtCreate":1693511067733,"gmtModify":1693520718221,"author":{"id":"4146709871484912","authorId":"4146709871484912","name":"dr_balls","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4146709871484912","authorIdStr":"4146709871484912"},"themes":[],"htmlText":"I like the stock&nbsp;","listText":"I like the stock&nbsp;","text":"I like the stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214934169034864","repostId":"1137858821","repostType":2,"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}