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1161 days ago

Little known company New Concept Energy share price soars 1'000%

The WallStreetBets reddit forum has oozed its way to other stocks one of which being a five person gas and oil company producing negligible amounts of the good. The obscure company recently became a $128 million company and all this in a matter of hours. This company lost $0.46 a share on revenues of $590,000 in 2019. Source: FlowOne

#Stocks #Commodities

1161 days ago

In case you were wondering, here are GameStop's revenues

GameStop tried to diversify and get into the wireless business, but it failed. The company had no choice but to close underperforming locations. From more than 7,000 stores in 14 countries, they now have around 5,000 stores in 10 countries. 

#Stocks
In case you were wondering, here are GameStop's revenues

1161 days ago

Ooops! GME Resources (an Australian miner) gets a surprise pop from traders looking for GameStop (GME)

As an illustration of how distorted the stock market has become, here is the share price of a small Australian mining company called GME Resources. The miner has the same ticker symbol as GameStop, and the retail crowd mistakenly rewarded it with a 20% up day.

#Stocks #Commodities
Ooops! GME Resources (an Australian miner) gets a surprise pop from traders looking for GameStop (GME)

1161 days ago

GameStop, AME other shorted stocks bounce back pre-market after Robinhood said buying re-enabled

WallStreetBets and other players jumping back in on the short squeeze - but have the shorts already covered when trading was disabled?

#Stocks
GameStop, AME other shorted stocks bounce back pre-market after Robinhood said buying re-enabled

1161 days ago

Trading volumes on wall street exceed 2008 levels by wide margin

Frenzied trading on stocks like GME have stirred up markets this week as hedge funds change positions and retail investors push on the attack. Source: FT

#Stocks
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