GME Jan 2025 18.000 put
| Previous Close | 4.85 |
| Open | 5.76 |
| Bid | 5.50 |
| Ask | 6.35 |
| Strike | 18.00 |
| Expire Date | 2025-01-17 |
| Day's Range | 5.76 - 6.00 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 501 |
- Yahoo Finance Video
Meme stocks return: Yahoo Finance Reports
GameStop's stock recently experienced a dramatic surge, reminiscent of the 2021 meme stock phenomenon. On May 13, 2024, GameStop (GME) shares skyrocketed more than 70% in just one day, reviving memories of the retail investor frenzy that captivated the financial world three years ago. This unexpected spike was triggered by a viral social media post from "Roaring Kitty," a key player in the initial meme stock craze. The stock plummeted more than 20% just a few days later when the video game retailer announced plans to issue more shares and released disappointing preliminary first quarter results. YouTube Host Matt Kohrs observed the similarities to past GameStop stock action noting, "it's very similar to 2021, this is the resurgence of meme mania." Financial Insyghts President Peter Atwater warned it may indicate a potential market downturn. "The meme stock trade tends to only occur at extremes of sentiment... this is another moot indicator that the markets are reaching a point where we should expect some sort of a meaningful pullback." tastylive Founder and CEO Tom Sosnoff explains that does not see the relation to the 2021 GameStop event, "I don't look at this at all like I did it 2021...this is all the players just transitioning or moving into something that's actually active." Wedbush Equity Research Managing Director Michael Pachter warned investors of Gamestop's future. "They're going to see continued declines, there is nothing big coming out this year...lots of headwinds for them and I don't see any way out of it." For more expert insight and the latest market action, click here. This post was written by Colin Webb.
Yahoo FinanceThese stocks ripped even higher than GameStop in the meme rally
Lesser-known small-cap stocks took part in the meme craze this week, outperforming flagship names.
- Yahoo Finance Video
Stock market, GameStop, Reddit-OpenAI partnership: 3 Things
Stocks (^DJI, ^IXIC, ^GSPC) are astir and eyeing big gains to end the week after the Dow Jones Industrial Average crossed above 40,000 on Thursday and the S&P 500 breached 5,300 on Wednesday. GameStop (GME) shares tank further ahead of Friday's market open as the renewed meme stock frenzy begins to fade and the retailer files to sell securities. Reddit (RDDT) stock jumps in pre-market trading after announcing a new content partnership for its platform with OpenAI. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
