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GameStop

US MIDDAY: Silver climbs, gold up

US MIDDAY: Silver climbs, gold up

NEW YORK: Silver prices rose around 7% on Thursday as the dollar weakened, making the metal cheaper for buyers...
Published 29 Jan, 2021 04:55am
GameStop stock surge hits fourth day, hedge funds walk away
Markets

GameStop stock surge hits fourth day, hedge funds walk away

  • Short-seller Citron, a target for some of the individual traders who have helped drive huge gains for a number of niche Wall Street stocks in the past week.
  • GameStop's stock has surged nearly 700% in the past two weeks, upping the struggling video retailer's market value from $1.24 billion to more than $10 billion.
Updated 27 Jan, 2021 11:24pm
GameStop shares set to jump 50pc in short-squeeze
Markets

GameStop shares set to jump 50pc in short-squeeze

  • Traders believe that the reasons for the jump in the shares are short-sellers quickly buying back into the stock to cover potential losses, defined as a short-squeeze.
  • The trading strategy is high risk in that losses are theoretically unlimited when the stock rises instead of falling.
Published 25 Jan, 2021 06:25pm