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Apr 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

WallStreetBets

Robinhood shares dive 27.6pc

Robinhood shares dive 27.6pc

NEW YORK: Shares of Robinhood Markets Inc tumbled on Thursday, snapping a four-day winning streak, after the newly...
Published 09 Aug, 2021 05:05am
AMC stock drops 33pc as movie chain sets another share sale
Markets

AMC stock drops 33pc as movie chain sets another share sale

  • AMC's shares traded 33.4% lower on Thursday at $41.10 after the company said it agreed to sell up to 11.55 million of its shares from time to time in an at-the-market program. A wave of buying from retail investors had helped AMC's share price nearly double to a record close of $62.55 in the prior session.
Published 03 Jun, 2021 08:55pm
GameStop shares rise in early trade before being halted
Markets

GameStop shares rise in early trade before being halted

  • The stock hit $160 at the open before being halted after several minutes of trading. Shares were changing hands at around $129 before the second halt.
  • A short squeeze takes place when the price of a heavily shorted stock rises sharply, forcing short-sellers who had bet against the stock to buy it at those prices to avoid further losses.
Published 25 Feb, 2021 08:13pm
GameStop situation unlikely in France, says market regulator
Markets

GameStop situation unlikely in France, says market regulator

  • "It is improbable in France and Europe, but it is a situation to which we have to pay close attention," AMF head Robert Ophele told Boursorama TV.
  • Investors who followed popular Reddit forum WallStreetBets helped push GameStop shares to a closing high of $347.51 on Jan. 27.
Published 12 Feb, 2021 06:23pm
Oil on the boil, stocks and bonds toil
Markets

Oil on the boil, stocks and bonds toil

  • World shares drop after 3-day gains, retail frenzy slows.
  • Oil at 1-year high on OPEC+ output cut.
  • Benchmark bond yields rising, curves steepening.
  • Volatility index falls to regular levels.
  • Stealth China policy tightening in focus.
Published 04 Feb, 2021 05:44pm