After weeks of deliberation, the U.S. government ultimately decided against imposing an investment ban on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. This move was initially triggered by a government decision to deter American citizens from investing in companies with ties to the Chinese military. While initially backed by...
Shares of gaming merchandise retailer GameStop reached record highs on Monday due to a crush on short-sellers. The company's stocks skyrocketed by 130% with shares hitting a value of $100 by mid-session on Monday. This unparalleled surge emerged as the result of a massive short squeeze on the stock, whereby...
GameStop shares rallied by a colossal 92% at the time of Tuesday's close, resulting in a record price tag of $147.98 per share. The gaming merchandise retail chain now has a market cap of over $10 billion. The beginning of this surge could be traced back to last week's clash...
Small investors that hail from India have recently taken advantage of the frenzy surrounding GameStop and its shares. They've jumped on the opportunity, which is why GameStop is the most commonly traded stock in certain Indian brokerages. Ever since January 12th, GameStop shares have gone up a whopping 1,700%. This...