Trends - GameStop - Business Recorder

GameStop

S&P 500, Nasdaq end at records, extending rally

Apple jumped 2.6 percent following reports it is close to a deal on producing its own autonomous vehicles in cooperation with South Korean giant Hyundai. Neither company commented on the reports.

Published 05 Feb, 2021 10:21am

Markets

Gold slides over 2pc in Europe

LONDON/ROTTERDAM: Gold dropped more than 2% on Thursday to break below the key psychological $1,800 level as a jump...

Updated 05 Feb, 2021 11:47pm

Markets

Wall St extends recent gains amid upbeat earnings, economic data

Democrats in the U.S. Senate were poised on Thursday to take a first step toward the ultimate passage of President Joe Biden's $1.9 trillion COVID-19 relief proposal.

Published 05 Feb, 2021 12:56am

Markets

Yellen seeks to 'understand deeply' GameStop frenzy as market regulators meet

We really need to make sure that our financial markets are functioning properly, efficiently and that investors are protected.
We never had anything so large even during the Great Recession. We need to make sure people have jobs, if they don't have jobs, that they're supported.

Published 04 Feb, 2021 09:03pm

Markets

Number of GameStop shares shorted edges lower

The number of shares shorted fell to 25.86 million from 26.39 million a day earlier, according to S3.
GameStop shorts are down $8.83 billion in realized and unrealized losses so far in 2021, according to S3.

Published 04 Feb, 2021 09:01pm

Markets

Asian stocks ease as caution persists despite calmer markets

The 30-year bond was last up 4.9 basis point at 1.9267%, while the 20-year yield hit 1.735%, its highest level since that bond maturity was relaunched in May 2020.

Published 04 Feb, 2021 12:05pm

Markets

US MIDDAY: Silver rises over 2pc

NEW YORK: Silver rose more than 2% on Wednesday on bets for a pick-up in industrial demand, regaining some ground...

Published 04 Feb, 2021 04:13am

Markets

Reddit trading frenzy fades as Yellen summons agencies

GameStop, AMC erase early US pre-market declines.
GameStop stock down 80% from last week's peak until Tuesday.
Yellen calls top regulator meeting on market volatility.

Published 03 Feb, 2021 07:29pm

Markets

Most Asian markets extend rally as virus, stimulus optimism grows

But the firm plunged Tuesday and the price of silver, which became the next focus of attention, dropped about 10 percent from an eight-year high.

Published 03 Feb, 2021 10:22am

Markets

S&P posts biggest gain since Nov 24

NEW YORK: The S&P 500 registered its biggest daily percentage gain since Nov. 24 on Monday after a steep ...

Published 03 Feb, 2021 04:35am

Markets

South Korea stocks hit one-week high boosted by chip shares

Foreigners were net buyers of 139.6 billion won ($125.10 million) worth of shares on the main board.

Published 02 Feb, 2021 02:10pm

Business & Finance

Elon Musk, a new Wall Street oracle?

In a highly fragmented media landscape, Musk has mastered the art of using new technologies "to really stoke excitement," he said.

Published 02 Feb, 2021 10:52am

Markets

British stocks up as mining shares track surge

LONDON: British shares rose on Monday, led by gains in mining stocks as silver prices jumped on strong retail ...

Published 02 Feb, 2021 04:29am

Markets

Silver scales 8-year peak as retail blitz continues

NEW YORK: Silver stretched its rally to a third session on Monday, jumping as much as 11.2% to a near eight-year ...

Published 02 Feb, 2021 04:29am

Markets

GameStop shares shorted fall by over half in week: S3 Partners

GameStop had 27.13 million shares shorted, down 35 million over the prior week, according to Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.

Published 02 Feb, 2021 01:04am

Markets

Silver scales 8-year peak as retail blitz continues

Some of them were lightening up their positioning and that could be responsible for the light pullback, he added.

Published 01 Feb, 2021 11:51pm

Markets

Number of GameStop shares shorted falls by over half in week

GameStop had 27.13 million shares shorted, down 35 million over the prior week, according to Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
Still, GameStop short interest stood at $8.82 billion as of Friday, making it the sixth-biggest short by value, according to S3.

Published 01 Feb, 2021 09:35pm

Markets

Europe's 'long the short' trade cools down

That so-called "long the short" trade - or buying shares that hedge funds had shorted - was copied in other stocks across the world.
Germany's Evotec, for example, has seen its shares fall about 25% from last Wednesday's high.

Published 01 Feb, 2021 08:59pm

Business & Finance

Reddit is coming for silver. A short squeeze? Unlikely

Spot silver vaulted as high as $30.03 an ounce on Monday from $25 on Thursday morning.
An early post, which quickly spread across social media, encouraged buying of iShares Silver Trust, an exchange traded fund (ETF) whose shares represent ounces of silver sitting in vaults.

Published 01 Feb, 2021 08:49pm

Markets

Spot silver may rise into $32.90-39.86 range in 3 months

While hedge funds are badly cornered by the frenzy of the GameStop individual investors, bears in silver market could hardly face the similar risk.

Published 01 Feb, 2021 03:11pm

Markets

GameStop, AMC jump as retail trading frenzy builds

The moves build on a rally of more than 200% last week for AMC and nearly 400% for GameStop that was fueled by a social media-driven trading frenzy.

Published 01 Feb, 2021 03:00pm

Markets

Dollar supported by haven demand after retail frenzy bruises risk sentiment

A group of Republican senators are urging Biden, a Democrat, to significantly downsize his proposed $1.9 trillion pandemic relief package, and have floated a $600 billion alternative.

Published 01 Feb, 2021 12:34pm

Markets

Silver price leaps more than 7pc to highest since August

Since mid last week, thousands of Reddit posts and hundreds of YouTube videos have encouraged small investors to buy silver, partly in the belief that lifting its physical price could hurt large investors who had made paper bets that it would fall.

Published 01 Feb, 2021 09:14am

Business & Finance

Wall Street week ahead: Sideshow or main event? GameStop stock ride weighed as bubble warning

NEW YORK: Some investors are growing concerned that wild swings in GameStop and other stocks driven by small-time...

Updated 01 Feb, 2021 09:06am

Markets

GameStop shares may be up 350pc, but investors love the 50-cent options

For a stock that has rocketed about 350% in five sessions, why is the most hotly traded options contract at the 50-cent level?
Some traders may now be selling puts at these high prices, hoping to buy them back at a lower price if volatility falls, pocketing the difference, said Henry Schwartz, head of product intelligence at Cboe.

Published 29 Jan, 2021 09:04pm

Business & Finance

After plunge, GameStop and AMC remain Reddit darlings

GameStop and AMC Entertainment Holdings slumped on Thursday after Robinhood Markets Inc and Interactive Brokers restricted trading in several social-media darling stocks that had soared this week.
Wallstreetbets has ballooned in recent days to 4.8 million members. Many of those people have piled into stock heavily bet against by professional short sellers.

Published 29 Jan, 2021 09:02pm

Business & Finance

Famed GameStop bull 'Roaring Kitty' is a Massachusetts financial advisor

The saga has drawn the scrutiny of Congressional lawmakers, the White House, the Securities and Exchange Commission (SEC) and is being probed by the New York Attorney General.
I don't provide personal investment advice or stock recommendations during the stream.

Published 29 Jan, 2021 08:53pm

Markets

Australia shares jump over 1% as miners, banks rebound

The S&P/ASX 200 index was up 1.1% at 6,725.70 by 2350 GMT, its best session since Jan. 19, after ending about 2% lower on Thursday. But it was on track to rise 1.7% in January, its fourth straight monthly gain.

Published 29 Jan, 2021 12:05pm

Markets

Asian equities rebound but short-squeeze nerves persist

"Fears of (People's Bank of China) de-leveraging could trigger the correction of China equities, and discourage capital inflow for China stock markets," said Mizuho's chief Asian FX strategist Ken Cheung.

Published 29 Jan, 2021 11:32am

Markets

South Korea, Indonesia down, set for sharp weekly losses as riskier bets ebb

US futures fell around 1% into Asia's afternoon trading hours.

Published 29 Jan, 2021 10:14am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	278.40
USD PKR Interbank Buying / Apr 23	278.10
USD to Japanese Yen / Apr 23	154.75
USD to Swiss Franc / Apr 23	0.91
Pound Sterling to USD / Apr 23	1.24
Euro to USD / Apr 23	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
India Sensex / Apr 23	73738.45
Tokyo Nikkei / Apr 23	37552.16
Nasdaq / Apr 23	15696.64
Hang Seng / Apr 23	16828.93
FTSE 100 / Apr 23	8044.81
Dow Jones / Apr 23	38503.69
Germany DAX 30 / Apr 23	18137.65

Item	Value
Crude Oil USD/Barrel / Apr 23	83.54
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Gold Spot USD/Ounce / Apr 23	2323.25
Cotton US¢/pound / Apr 23	81.72
Petrol/Litre / Apr 24	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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