Advertisement
Canada markets closed
  • S&P/TSX

    22,346.76
    -121.40 (-0.54%)
     
  • S&P 500

    5,307.01
    -14.40 (-0.27%)
     
  • DOW

    39,671.04
    -201.95 (-0.51%)
     
  • CAD/USD

    0.7306
    +0.0000 (+0.00%)
     
  • CRUDE OIL

    77.04
    -0.53 (-0.68%)
     
  • Bitcoin CAD

    94,982.05
    -897.77 (-0.94%)
     
  • CMC Crypto 200

    1,511.70
    -14.71 (-0.96%)
     
  • GOLD FUTURES

    2,371.70
    -21.20 (-0.89%)
     
  • RUSSELL 2000

    2,081.71
    -16.65 (-0.79%)
     
  • 10-Yr Bond

    4.4340
    +0.0200 (+0.45%)
     
  • NASDAQ futures

    18,909.25
    +122.50 (+0.65%)
     
  • VOLATILITY

    12.29
    +0.43 (+3.63%)
     
  • FTSE

    8,370.33
    -46.12 (-0.55%)
     
  • NIKKEI 225

    38,913.48
    +296.38 (+0.77%)
     
  • CAD/EUR

    0.6744
    -0.0001 (-0.01%)
     

GameStop Stock Is Soaring. Short Squeezes and Meme Mania Are Back.

GameStop Stock Is Soaring. Short Squeezes and Meme Mania Are Back.

Shares of GameStop the poster child for the Reddit-inspired meme-stock madness of 2021, have soared about 60% so far this month. GameStop, now run by Ryan Cohen, the investor who was the founder and former CEO of online pet-supplies retailer Chewy and briefly held an activist stake in Bed Bath & Beyond before it went bankrupt, no longer holds earnings conference calls with analysts and investors. There has been no other corporate news of note from GameStop since the earnings release.