BB Jun 2024 5.500 put
| Previous Close | 2.5000 |
| Open | 2.4900 |
| Bid | 2.1400 |
| Ask | 2.5400 |
| Strike | 5.50 |
| Expire Date | 2024-06-21 |
| Day's Range | 2.3300 - 2.4900 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
- Yahoo Finance Video
Meme trade: What does it mean for the broader market?
The meme stock trade reemerged on Wall Street after the influential figure Roaring Kitty returned to the social media platform X during Monday's trading session. Yahoo Finance's Josh Schafer joins Market Domination Overtime to dissect the meme stock rally, delving into the underlying market dynamics and exploring the potential implications of this rally for the broader market moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Meme stock rally met with 'level of excitement': tastylive CEO
Roaring Kitty, a prominent figure in the 2021 meme stock phenomenon, returned to the social media platform X (formerly Twitter) and sparked a rally in notable meme stocks in Monday's trading session. With a single post on X, stocks such as GameStop (GME), AMC Entertainment (AMC), and BlackBerry (BB) experienced significant gains. To provide insights into this resurgence of the meme trade, tastylive Founder and CEO Tom Sosnoff joins Market Domination. Sosnoff acknowledges that after a relatively slow period in the market (^DJI, ^IXIC, ^GSPC) over the past few weeks, this meme stock rally "was really welcomed" as "another level of excitement." However, he notes that while these meme stocks are experiencing significant upsides, he does not view the current situation as comparable to the surge that occurred in 2021, which he describes as "a transformational moment." Addressing the potential investors behind the buying frenzy, Sosnoff told Yahoo Finance: "What happens when you have a move like what you're seeing today is that a lot of the high-frequency firms, after they learned their lessons in 2021, they tried to get ahead of it. So, a lot of the volume is high-frequency firms and market-making firms that know that there's going to be customers coming in on the buy side, so they're just trying to get in front of it so they have some inventory to lay out." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
ZacksEchoStar (SATS) Q1 Earnings & Revenues Lag Estimates, Down Y/Y
EchoStar (SATS) delivers soft Q1 2024 performance due to top-line contraction year over year owing to decline in the number of subscribers for Pay-TV, Retail Wireless and Broadband segments.
