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.
GameStop Shares Drop 29% After Dividend Halt
The video game retailer will save about $157 million a year by eliminating the dividend as it struggles with shrinking profits.
GameStop Misses Estimates, Exploring Sale
The retailer believes it can still "leverage our industry-leading position to drive growth in the second half" of the year.
GameStop Hardware Sales Jump 45% in Q4
Strong demand for Nintendo Switch, PS4 Pro, and Xbox One X consoles powered the retailer's 12.2% gain in same-store sales.
GameStop Shares Plunge on 13% Sales Decline
The company believes its shift toward non-gaming businesses is paying off and sees "an abundance of business opportunities."