GME May 2024 18.500 call
| Previous close | 4.0100 |
| Open | 4.1000 |
| Bid | 4.1000 |
| Ask | 6.2500 |
| Strike | 18.50 |
| Expiry date | 2024-05-31 |
| Day's range | 3.2500 - 5.0400 |
| Contract range | N/A |
| Volume | |
| Open interest | 550 |
- Yahoo Finance Video
Not all investors will profit from meme trade, expert warns
GameStop (GME) stock has reignited a frenzy on Wall Street on the very first trading day of June, as the notorious meme trader "Roaring Kitty" took to social media revealing a $175 million position in the company. The legitimacy of Roaring Kitty's — the online username of meme investor Keith Gill — investment portfolio has yet to be verified. In the wake of this stock surge, Catalysts welcomes RapidRatings International Executive Chair James Gellert to discuss what these meme stock rallies mean for investors and the broader market (^DJI, ^IXIC, ^GSPC). Gellert notes that the meme trade phenomenon proves "a frothier market," although he noted that reactions of such magnitude do not occur unless there is "real excitement going on," particularly in a company "that still has a lot of fundamental issues to solve." While acknowledging the potential for investors to reap profits, Gellert states "no one wins without someone else losing in a case like this. There are definitely people with axes for momentum, and they are pushing the stock, and a lot of people are jumping in, but not everyone is getting out at a time where they can make a profit." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Yahoo Finance Video
GameStop is an 'active trade,' not an 'investment': Matt Kohrs
Shares of GameStop (GME) are surging after meme trade influencer 'Roaring Kitty' posted a screenshot on social media showing a $175 million position in the company's stock. Matt Kohrs, host of The Matt Kohrs Show, joins Wealth! to share his insights on the frenzy surrounding this development. Kohrs distinguishes trading from investing, stating that the two are "completely different sports that happen to be played on the same field." When it comes to GameStop, Kohrs acknowledges that while the stock is currently generating profits for investors, he cautions against chasing the movement, saying it's "much more of an active trade, not an investment." However, when asked about the longevity of the meme trade phenomenon, Kohrs expresses a bullish outlook. "I actually believe the momentum could be carried for a while ... Momentum's going to beget more momentum," he tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
- Yahoo Finance Video
GameStop: 'Roaring Kitty' reveals $175M position in stock
Shares of GameStop (GME) are soaring Monday, fueled by a post from the influential meme trade figure known as "Roaring Kitty." The investor took to social media platform Reddit (RDDT) to share a screenshot purportedly revealing his $175 million position in the company's stock — shares and options included. Yahoo Finance's Josh Schafer breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
