The independent news website of The Kent Stater & KSTV

KentStater
The independent news website of The Kent Stater & KSTV

KentStater
The independent news website of The Kent Stater & KSTV

KentStater
People enter a GameStop store in Alhambra, California on January 27, 2021. An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. Traders have been astounded in recent days by the surge in struggling video game retailer GameStop's share price, after a group of amateur investors banded together over the online platform Reddit to fight the Wall Street funds that had pushed its price lower. 

Robinhood shuts down GameStop trades, sending stock into a tizzy

Paul R. La Monica, CNN Business • January 28, 2021

(CNN) -- GameStop traders sent the stock on a wild ride Thursday. The stock lost more than half of its value late Thursday morning after surging nearly 40% earlier in the day. Sending it on a roller-coaster...

Mandatory Credit: Photo by Andrew H Walker/Shutterstock (10766383q) A guest buys ticket at the AMC Wayne 14 movie theater reopening as Covid-19 restrictions continue to ease. AMC Wayne 14 movie theaters. New Jersey, USA - 04 Sep 2020

AMC is today’s GameStop. A Reddit mob sent its stock more than 200% higher

Originally Published: 27 JAN 21 09:58 ET Updated: 27 JAN 21 10:32 ET By Paul R. La Monica, CNN Business • January 27, 2021

(CNN) -- Welcome to the Reddit market.A group on Reddit's Wall Street Bets board have been promoting a number of stocks, hoping to squeeze short sellers that have been betting against them.They're succeeding....