Krispy Kreme Stock Spikes
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The GME stock slumps 10% in 3 months as core sales sink despite cost cuts, collectibles gains and strong cash reserves.
Retail investors have begun to pile into speculative bets on small-cap companies in a buildup that resembles the meme stock frenzy of 2021.
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Cryptopolitan on MSNTraders are targeting heavily shorted stocks, echoing the 2021 GameStop strategyRetail bros charged into U.S. markets at Wednesday’s Open, lifting GoPro nearly 50% and pushing Krispy Kreme up 12%, after both stocks were picked up by Reddit’s WallStreetBets community. Both names are the latest additions to the forum’s high-risk favorites,
TheStreet. GameStop has been a dying business for more than a decade. Once it became viable to download video games directly to your device, the retail chain began its slow march to irrelevancy. Stock prices,
GameStop shares rose Monday afternoon amid heightened volatility despite no clear news or catalysts, according to Benzinga. Monday’s move followed a volatile week driven by swings in the cryptocurrency market and remarks from GameStop’s CEO.
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Here we go again. Just years ago, GameStop, AMC, and Bed Bath & Beyond exploded thanks to WallStreetBets on Reddit. Now, it’s happening again. In fact, just yesterday, Kohl’s ran from a low of $10.52 to a high of $19.
CNBC's Jim Cramer, host of Mad Money, ended his show by issuing some advice to the hedge funds shorting Kohl's: "Cover and move on."
Opendoor Technologies' recent rally is driven by meme stock dynamics and short interest, not just fundamentals. Click here to find out why OPEN stock is a Hold.