Victoria's Secret (VSCO) first-quarter fiscal 2024 results are hurt by tough retail landscape and high competition in promotions.
Both had soared after a Reddit account tied to Keith Gill, the investor known as Roaring Kitty, had posted what appeared to be his position in GameStop on Sunday.
Notable meme stocks GameStop (GME), BlackBerry (BB), and AMC Entertainment (AMC) move ever so slightly lower Tuesday afternoon as meme trade sentiments ease off the gas pedal after GameStop's sudden surge. Market Domination Anchors Julie Hyman and Josh Lipton examine the meme trade "flare-ups" spurred by retail trader Keith Gill's cryptic social media posts under his username "Roaring Kitty." Trading platform E-Trade is even considering banning Gill from the platform for alleged market manipulation. Wall Street Journal Reporter AnnaMaria Andriotis — the journalist who originally broke that story — sat down with Yahoo Finance earlier today. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.