Bed Bath & Beyond Inc shares continued their slide, falling 42% to $10.80 after Cohen said a day earlier that he was selling his 9.8% stake in the company almost five months after hoarding it had and pushed for change.
“Today the stock split is obviously the driver at Bright Trading LLC.
GameStop's stock is up over 680% in 2021, thanks to retailers on social media platforms like Reddit, who have bought heavily short shares to try to pressure hedge funds betting against them.
GameStop is down about 40% so far in 2022 compared to a 687% gain in 2021, with the stock up more than 2,463% at its peak last year. AMC shares are down 60.6% year-to-date compared to a 1,183% gain in 2021 and a 3,624% jump from their all-time high last year.
As one of the biggest beneficiaries of a retail trading frenzy in "meme stocks" that followed after pandemic-related lockdowns began crippling the global economy, GameStop's stock has soared from around $3 in March 2020 to more than $165 am up late Thursday.
GameStop and AMC were the two most popular retail-focused stocks on stocktwits.com on Wednesday.
- GameStop shares surge 31% after Ryan Cohen buys 1 lakh of shares
GameStop shares closed up 30.7% at $123.14, posting the largest one-day percentage gain since March 25 of last year, when trading volume surged and likely pressured bearish investors who sold naked shares.Meme Stock Hangover: A year after GameStop, traders face darker markets
Despite sharp declines from their 2021 highs, several of the stocks caught in the meme stock trading frenzy are trading higher than they did in early 2021. AMC and GameStop are up about 600% and 400%, respectively, since close on Dec. 31, 2020 increased levels.
Purves refers to the ratio of outstanding bearish to bullish options hovering above the five-year moving average. Meanwhile, the slope of the S&P 500 -- which compares buying and buying costs -- is still around this year's average level, taking into account overall volatility. According to Hugo Bernaldo, trader at market maker Optiver in Amsterdam, this is a sign that positioning is not too extreme.GameStop stocks plummet as executives discuss details of turnaround plan
Following the raising of new capital and the soaring share price during the second quarter, GameStop executives reported that net revenue, the company's key performance metric, increased to 1. $18 billion, with the stimulus of vaccines. Get people back into their businesses.With GameStop earnings, options traders are betting on silent moves
Traders are pricing GameStop shares for a 14% surge through Friday, in line with options prices that expire at the end of the week. By comparison, the video game retailer's stock is up about 30% the day after each of its last two earnings reports.Support.com and other new meme stocks crash, disrupting monster rally
Shares of software company Support.com are up 313% in the six trading sessions ended Monday and more than 1,400% year-to-date. They were down 11.3% as of Tuesday afternoon.Meme stocks soar later in the day, short sellers plummet
GameStop shares are up 27.53%, AMC shares are up 20.3%, Clover Health Investments is up 9.9%, Koss Corp is up 4.4%, Robinhood Markets is up 9.0%, and ContextLogic is up by 9.0%, increased by 6.4%.'Meme' stock prices may not adequately reflect demand: NYSE President
"For some of the meme stocks that we've seen, or stocks with high retail exposure, the vast majority of the order flow can be traded on exchanges, which is problematic," said Stacey Cunningham, president of Intercontinental Exchange Inc. NYSE.GameStop falls, other meme stocks falter after big runs
The benchmark S&P 500 index has been range-bound for the past few weeks, gaining about 0.4% in the early afternoon.GameStop falls, Clover Health rises on the meme stash rollercoaster
Video game retailer GameStop on Wednesday appointed the head of Amazon.com's Australian operations as chief executive and announced plans to sell new shares after reporting stronger quarterly results than analysts had expected.GameStop shares gain as traders await earnings report
GameStop short sellers currently have $3 billion at stake, up from $1.3 billion at the end of 2020, according to S3 Partners, a financial data company.AMC jumps 19% as funds eye bearish bets
On trade-focused social media site Stocktwits, the volume of AMC-related news -- a barometer of interest in stocks -- rose 3.3% on Monday.Another GameStop Rally Begins, Shorts Traders Take $673M
GameStop and AMC, two meme stocks popular among WallStreetBets members of the Reddit forum, surged more than 16% and 19%, respectively, as speculative assets gained prominence. Those gains pushed mark-to-market losses for short sellers to about $8.1 billion for the year.Robinhood responds to Buffett's comments about retail
"If the past year has taught us anything, it's that people are tired of the Warren Buffetts and Charlie Mungers acting as if they are the world's only investment oracles," reads a post on the Robinhood blog.GameStop raises $551 million to accelerate e-commerce boost
The company, which was at the center of a Reddit-fueled trading frenzy earlier this year, said in a statement that it had sold 3.5 million shares in the market offering.GameStop jumps over 40%, other "meme stocks" rise on stimulus hopes
GameStop has hired Chewy shareholder and co-founder Ryan Cohen to lead a new committee tasked with supporting the video games retail chain's transition to e-commerce.GameStop stock soars more than 40% after Cohen takes over to lead e-commerce pivot
Shares soared more than 1,600% in January after a spending spree forced large short sellers to bet against the company's shares to trim their positions before giving back most of those gains the following month.GameStop hires shareholder Ryan Cohen to help transform e-commerce
Ryan Cohen, who has been pushing GameStop to move away from its traditional brick-and-mortar model, will chair a new committee that will hire executives to run its customer service and e-commerce fulfillment centers.The meme stock craze is alive and well on Robinhood's old shortlist
No one would argue that the stress caused when Robinhood halted stock trading was good for its customers or for the general mood. But one should also not assume that anyone who trades the swankiest names in meme stocks has paid a heavy price to do so.Lost in the 'Gamestonks' craze: How much is GameStop worth?
Analysts covering GameStock value it at an average of $13.44 per share, down 78% from current trading price.Silver is the populist metal: Goldman's commodity strategist
Silver prices spiked briefly and for a few days silver coin retail sites sold out completely.The GameStop Game: How Reddit Robinhood's amateur investors beat the Wall Street prosGameStop's stock price falls below $100 as defeat wipes out $28 billion
Along with GameStop, other Reddit meme stocks also fell -- AMC Entertainment Holdings fell 53% and Express Inc. fell 43% -- suggesting the short squeeze is unwinding.