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GameStop on Monday announced the long-awaited debut of its online marketplace for nonfungible tokens, or NFTs, in a bid to reinvent its business and cash in on consumer adoption of cryptocurrencies and blockchain technology.

Shares of GameStop jumped more than 8% in extended trading Wednesday after the retailer said a 4-for-1 stock split was approved by its board.

Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks last year and on wagers on growth stocks this year.

Melvin Capital, the embattled hedge fund run by its once high-flying founder Gabe Plotkin, has been discussing a novel plan with its investors under which the firm would return their capital, while giving them the right to reinvest that capital in what would essentially be a new fund run by Plotkin.

Maybe the new meme is open-market stock purchases by insiders. GameStop (ticker: GME) just saw its third insider stock purchase in as many days, and shares of the videogame retailer soared last week on news of the big buys. GameStop has a high profile as one of the meme stocks, highly volatile shares that rocketed last year as investors egged each other on to buy on social media and other platforms.

Key Points The department store industry's recovery will soon be capped by waning interest that was declining well before the pandemic surfaced. Commodity metal prices are elevated right now, but both the supply and demand forces at work are both set to weaken sooner than most anyone anticipates.

GameStop (NYSE:GME) quickly became one of the hottest meme stocks during the pandemic. Since mid-2020, it has gone from penny-stock status to a high of more than $480 over a six-month timespan.

The original meme name, GameStop (NYSE:GME) stock, is holding pretty solid, shedding just 9.7% of value in the last month. Shares still have a mouth-watering one-year return of 3,410.15%.

Hello FRiends! I started following the GME - Game Stop - saga back in February. I missed the early boat - <10 per share, but my millennial age son talked me into buying a share. I was hooked as I "averaged down" from my first around 300 to several when it dropped below 50. It didn't make sense. Why buy a stock that kept going down? Why buy a stock that every online financial article and tv finance station said to sell? (Trump is done, Biden/Hillary, etc are inevitable) They all said, congratulations to the "retail" (populist), now it is...

‘It’s the definition of insanity,’ Wedbush analyst says. ‘The shorts keep doing the same thing over and over and expecting a different result’

Not financial advice by any means, but this has been a fun roller coaster. If feels like a push against the system. It is definitely historic. One of many GME pages that have popped up

Donations to a gorilla conservation fund surged over the weekend after a meme spread through the subreddit r/WallStreetBets that resulted in its members symbolically adopting animals en masse.

The media is not talking about it too much right now, but it appears we may be starting the greatest Short Squeeze in history. There are only about 70 million shares where about 20 million are insiders. Reports say that on Friday Institutions reported owning about 125 million shares. That does not include retail and does not include insiders. https://www.youtube.com/watch?v=mY_sk907MYg

GameStop's stock price shot through the roof in late January thanks to traders on Reddit. Now at least two government agencies are reportedly investigating why it happened as well as what roles Reddit and trading app Robinhood played in the stock market craziness.

The price of silver is rallying as the online trading movement fueling the rise of unloved shares like GameStop took a shine to the precious metal. Silver futures jumped more than 10 percent on Monday, the most in 11 years, after briefly rising above $30 an ounce in early trading, following strong gains over the weekend. On Twitter, #silversqueeze was trending as investors turned their attention to the latest market strategy to emerge from the “WallStreetBets” forum on Reddit. The online army of Reddit traders have over the past week rallied to defend out-of-favor companies such as GameStop and AMC,...

Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop and other stocks the fund was betting against, according to The Wall Street Journal citing people familiar with the matter. The heavy losses come as retail investors piled into popular hedge fund short targets, including the struggling video game retailer. Shares of GameStop finished last week with a gain of 400%, bringing its total return this year to 1,625%. The stock closed Friday’s session at $325. As recently as October it traded under $10. CNBC’s Andrew Ross Sorkin reported last week that Melvin Capital closed...

The stock shot up 43.5% on Wednesday, the stock's biggest-ever one-day gain, to close at a more-than 5-year high on record volume of 90.3 million shares. That was the stock's fifth-straight gain, with the stock soaring 112% over that time. At Wednesday's closing price, J.P. Morgan Chase's stake was worth $356.4 million, but was now worth $229.2 million.

The top securities regulator in Massachusetts thinks trading in GameStop stock, which has been skyrocketing, suggests there is something “systemically wrong” with the options trading surrounding the stock. The videogame retailer’s stock was up 93% on Tuesday and has roughly quadrupled in the past week. It was up another 40% in after-hours trading Tuesday, to eclipse $200. Traders have been bragging on online forums about taking large bets the stock using options—often out-of-the-money calls that pay off only if the stock soars. William Galvin, the Secretary of the Commonwealth of Massachusetts, said in a statement to Barron’s that he’s been...

I don't know how many of you are invested in Stocks or follow the news on Wall Street on a daily basis, but consider this....Gamestop the retailer who bought/sold/traded Computer Games was selling at less that $20/share two weeks ago...today in trading the stock was selling or over $350/share....what happened was a group of Major Wall Street Hedge Funds shorted the stock and forced it down hoping to make billions, at the same time a big group of individuals on Reddit noticed what was happening and proceeded to lead a campaign to buy the stock forcing it up to unprecedented...

Amateur investors piled further into niche stocks on Tuesday, sending professional short sellers scrambling to cover losing bets, with GameStop skyrocketing for a fourth straight day, thanks in part to Elon Musk. GameStop surged 50% in extended trade after Musk tweeted “Gamestonk!!”, along with a link to Reddit’s Wallstreetbets stock trading discussion group, where supporters affectionately refer to the Tesla CEO as “Papa Musk.” “Stonks” is a tongue-in-cheek term for stocks widely used on social media. GameStop’s after-hours surge added to a 93% jump during Tuesday’s roller coaster trading session, with the videogame retailer’s stock propelled by traders on Wallstreetbets,...