Topic

GameStop

GameStop makes bold $56 bln play for eBay, ready to go hostile

Published 04 May, 2026 11:03am

EBay has a market capitalization nearly four times larger than GameStop, making the buyout bid an ambitious attempt

GameStop buys bitcoin worth $513 million in crypto push

Published 28 May, 2025 06:04pm

GameStop has purchased bitcoin worth about $513 million, the company said on Wednesday as the ailing video game...

GameStop shares climb on strong volume

Published 29 Nov, 2023 04:50pm

Shares of retail traders’ darling GameStop jumped 12.5% in strong premarket trading volume on Wednesday, looking to...

Shorts circle GameStop and AMC, sensing retail fatigue

Published 07 Jun, 2022 02:45pm

NEW YORK: Bearish investors are ramping up bets against meme stocks GameStop Corp and AMC Entertainment Holdings...

US House speaker Pelosi's stock trades attract growing following online

Published 26 Jan, 2022 02:33pm

A year since a Reddit-driven retail trading frenzy rocked the markets and created the 'meme stock' phenomenon,...

'YOLO' generation of investors is ready for anything, even a crash

Published 30 Sep, 2021 10:09am

NEW YORK: Wall Street has been a booming place over the past year and a half even as the wider US economy has...

Nasdaq hits record high as Big Tech roars back

Published 22 Jun, 2021 11:39pm

Amazon saw over $5.6 billion in total online sales in the United States on the first day of its Prime promotional event, according to Adobe Digital Economy Index.

Meme stocks AMC, GameStop poised to end strong week on a high

Updated 28 May, 2021 05:26pm

AMC's shares were up 17.3% to $31.11 in US premarket trading on Friday, while those of video game retailer GameStop were 2% higher. GameStop, which was at the heart of the so-called "stonks" retail trading mania this year, is set for its best weekly gain since mid-March, up more than 43% so far.
On trading-focused social media site Stocktwits (ST), message volume related to AMC spiked by nearly 40%, with more than 97% of messages reflecting positive sentiment towards the stock.

GameStop’s strong stock performance triggered board director’s exit

Published 12 Apr, 2021 03:59am

NEW YORK: Hestia Capital Partners LP managing director Kurt Wolf joined GameStop Corp’s board to make the US video...

More liquidity means more instability on Wall Street

Updated 04 Apr, 2021 05:47pm

The Archegos debacle has focused debate on swaps, derivative transactions that can allow big, high-risk bets with small upfront payments.

US stocks down

Published 26 Mar, 2021 05:22am

• Intel gains on $20bn chip expansion announcement • GameStop slumps on plans to sell shares • Energy stocks...

GameStop shares gyrate as it reports mixed earnings

Published 24 Mar, 2021 10:26am

Investors are keen to see the influence of activist investor Ryan Cohen, a co-founder of online pet products shop Chewy who joined the board earlier this year.

Wednesday’s early trade: Dow hits record high

Published 11 Mar, 2021 05:25am

NEW YORK: US stocks jumped on Wednesday with the Dow hitting a record high, as data showed underlying consumer ...

Reddit forums get behind Roblox ahead of stock launch

Updated 11 Mar, 2021 12:48am

The company's stock was indicated to open between $60 and $65 per share, far above the reference price of $45 set by the New York Stock Exchange on Tuesday.
At the top end of the indicative range, Roblox would have a market value of around $36 billion.

GameStop spikes as investors eye cryptic tweet by shareholder

Published 05 Mar, 2021 11:22am

Cohen's RC Ventures activist firm reached a settlement with GameStop in January, giving Cohen seats on the company's board.

Micro-cap stock surge shows investor risk taking, GameStop effect

Published 25 Feb, 2021 09:16pm

The Russell Microcap index, whose components have a median market value of about $350 million, has climbed 26% nearly two months into 2021.
The micro-cap gauge ceded some gains during volatility earlier this week while other indexes held up better.

How the GameStop hearing unfolded?

Published 19 Feb, 2021 10:09am

GameStop rose more than 1,000% during two weeks as retail traders using the Reddit platform encouraged each other to pile in, socking it to hedge fund managers who were short the stock - a bet GameStop would fall.

How GameStop missed out on capitalizing on the Reddit rally

Published 11 Feb, 2021 08:48pm

The Grapevine, Texas-based company found itself at the epicenter of an unprecedented trading frenzy last month.
GameStop's market value soared from $1.4 billion on Jan. 11 to a peak of $33.7 billion on Jan. 28.

Wall Street reaches all-time highs

Published 10 Feb, 2021 04:12am

NEW YORK: Wall Street reached all-time closing highs on Monday as investor optimism was stoked by prospects of a...

Ads, GameStop raise Reddit price tag to $6bn in latest fundraising

Updated 09 Feb, 2021 10:02pm

Reddit was valued at $3 billion in its last round in February 2019, and the surge in its value follows a 90% jump in advertising revenue from a year ago.
We decided that now was the right opportunity to make strategic investments in Reddit including video, advertising, consumer products, and expanding into international markets.

Reddit to double its workforce after raising $250M

Updated 09 Feb, 2021 04:58pm

Reddit to grow its workforce by 100% over the course of this year after raising $250 million in a new funding round.

Just after GameStop frenzy, Reddit raises over $250mn in funding

Published 09 Feb, 2021 12:16pm

“We have raised more than $250 million in Series E funding from existing and new investors. We decided that now was the right opportunity to make strategic investments in Reddit including video, advertising, consumer products, and expanding into international markets,” the company announced in a blog post.

GameStop shares slump as Reddit rally ebbs

Published 08 Feb, 2021 11:25pm

AMC shares dropped 10.54pc at $6.11 after hitting a session low of $5.75, its lowest level since January 26. Koss shares lost 5.66pc to trade at $18.85.

Tesla electrifies bitcoin with $1.5bn bet, car payments pledge

Published 08 Feb, 2021 07:50pm

A well-known supporter of bitcoin, Chief Executive Officer Elon Musk has been weighing in regularly over the past week to a frenzy in retail investment.
I think we will see an acceleration of companies looking to allocate to Bitcoin now that Tesla has made the first move.

Wall Street ‘predators’ make allies of political foes

Published 08 Feb, 2021 03:46am

NEW YORK: Recent stock market mayhem has done what appeals to rise above self-interest could not — gotten US...

GameStop shares halt slide after Robinhood lifts trading curbs

Published 06 Feb, 2021 10:27am

The videogame retailer, the initial trigger for the market slugfest after gaining popularity on social media platform Reddit’s WallStreetBets, closed up 19.20% at $63.77 after hitting a session high of $95, although the wild gyrations seen in the past two weeks appeared to be easing.

Friday's early trade: S&P, Nasdaq scale new highs

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 19	316.15
Diesel/Litre / Jul 19	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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