To The Moon

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

Also, Best New Ideas in Money is back, Walmart had blowout earnings and AI is still buzzy. It was the week the meme-stock frenzy from 2021 returned with a vengeance - and it may all be over already.All it took was a tweet from the long-dormant X account associated with investor Keith Gill, aka Roaring Kitty, last Sunday to spark a fresh frenzy of buying of videogame retailer GameStop Corp.'s and cinema chain AMC Entertainment Holdings Inc.'s stocks that lasted through Tuesday.By Wednesday, the stocks - joined by other former meme stocks like headset maker Koss Corp. , cybersecurity company BlackBerry Ltd. and newcomer Faraday Future Intelligent Electric Inc. - had started to fade.In AMC's case, the news of a debt-for-equity swap that involved issuing more shares weighed on Wednesday. By Friday, GameStop announced its own plan to issue stock and added a profit warning for the first quarter for good measure to send its stock down.

GameStop shares are falling on news of a share offering. Many pointed this out as a warning sign and continue to warn against investing in meme stocks.

By Nell Mackenzie LONDON, May 17 (Reuters) - Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note