Meme Stock Phenomenon Presents Opportunities for CFOs
What starts out as a “cultish response to a flagging brand” can result in favorable outcomes for the formerly distressed issuer.
CFOs On the Move: Week Ending June 11
Poshmark, GameStop, Shake Shack, Chubb Group, Kinnate Biopharma, NOVA Chemicals, Teradata, May Mobility, Emory Healthcare, IAC
GameStop Stock Falls On Q1 Results; Hires New CEO, CFO
The video game retailer hired two Amazon veterans to help it make a push into e-commerce.
SEC Reviewing Rules for ‘Gamified’ Trading Apps
“If we don’t address this now, the investing public may shoulder a burden later,” SEC Chairman Gary Gensler says.
GameStop Board to See Mass Departure
Chewy co-founder Ryan Cohen, who owns a 13% stake in the retailer through his RC Ventures, has been pushing for changes at the company.
GameStop Stock Soars After CFO Resigns
Jim Bell reportedly was forced to resign as part of a push by activist investor Ryan Cohen to "reshape the ailing retailer.”
SEC Sends a Message to Social Media Stock Promoters
Commission suspends trading in an over-the-counter stock, SpectraScience, that is being "pumped" on social media sites.
SEC Urges Heightened Disclosure During Volatility
Companies should address “the effects of a potential ‘short squeeze’ due to a sudden increase in demand for your stock.”
Robinhood Raises $1B Amid GameStop Firestorm
The stock trading app company also accessed $500 million through existing credit lines.
Could GameStop Short Squeeze Affect the Overall Stock Market?
“There’s definitely some excessiveness out there right now, which has some professionals scratching their heads.”
Massive Short Squeeze Sends GameStop Soaring 80%
The video game retailer reported no major news on Wednesday, suggesting the massive rally in the stock was simply a short squeeze.