Meme Stocks

Keith Gill, widely known by his online alias “Roaring Kitty,” has significantly increased his stake in GameStop. On Thursday, Gill shared a screenshot of his E-Trade portfolio on Reddit’s Superstonk forum, revealing that he now holds over 9 million shares of GameStop and more than $6 million in cash. This marks a substantial increase from […]

According to a report by Hannah Miao and Gunjan Banerji for The Wall Street Journal (WSJ), a unique group of traders, known as “degens,” has significantly impacted the stock and crypto markets in recent times. These traders, often amateur enthusiasts, embrace high-risk strategies that diverge from traditional investment methods. The term “degen” is a playful […]

Citron Research, a prominent short seller known for its bearish position on meme stock GameStop (GME), has revealed it exited its short position on the company’s shares as it noted it respects the “market’s irrationality.” In an announcement on the microblogging platform X (formerly known as Twitter), the short seller is no longer shorting GME […]

A Solana ($SOL) trader haas manage to turn around $53,500 into over $2.8 million over the course of five months and is currently siting on these unrealized gains over a speculative bet on a memecoin mirroring the current meme stock trend surrounding GameStop (GME). According to data provided by Lookonchain, a memecoin inspired in the […]

Keith Gill, known on X as RoaringKitty and DFV on Reddit, could become a billionaire through his bet on the popular meme stock GameStop (GME) if the price of the firm’s shares hit $67.5, given his massive position. According to a recent report by the Kobeissi Letter, GME’s price surged to an impressive $67.5 during […]

Kaleo, widely known in the cryptocurrency community as Crypto Kaleo, is a prominent trader and analyst with a substantial following on social media, particularly Twitter. He is well-regarded for his market analysis, trading strategies, and insights on a variety of cryptocurrencies, including Bitcoin and altcoins. On 17 May 2024, Kaleo expressed his anticipation for an […]

On May 16, Steve Quirk, the Chief Brokerage Officer at Robinhood, appeared on CNBC’s “Squawk Box” to discuss the recent resurgence of meme stock trading and its implications for the market and retail investors. These were the main highlights of the interview: Volume and Participation Shifts: Quirk observed a shift in trading volumes compared to […]

On May 14, during a segment on CNBC’s “Squawk Box,” former U.S. SEC Chairman Jay Clayton shared his views on the meme stock phenomenon, particularly focusing on the astronomical trading volumes of stocks like GameStop and AMC. Concerns Over Investment Practices: Clayton expressed significant concern over the behavior of market participants, especially retail investors who […]