Game stations have skyrocketed by over 70%! The return of "Niu San" ignites Wall Street! How long will the smoke of this multi air battle last?
因醉鞭名马幌
发表于 2024-5-14 10:17:59
201
0
0
On Monday, the US stock market remained calm on the surface, but several small cap stocks experienced abnormal movements. GameStop triggered circuit breakers multiple times, with a maximum increase of about 100%, closing up 74.4%, and AMC closing up 78%, achieving its best performance in nearly three years. This also triggered memories of retail investors competing with institutions before.
The market movement may have originated from a social media update last weekend. The user named "Roaring Kitty" returned to public view after three years of absence. In a sketch, a man sat up and leaned forward on a chair, seemingly ready to take another action.
This post quickly received over 100000 likes. "Oh my goodness, he's really back," said a user on the game station message board on Reddit forum. "It's that guy who makes hedge funds tremble and people lose sleep."
Roaring Kitty's real name is Keith Gill, and he rose to fame in the stock price fluctuations of Game Station in 2020. A large number of retail investors subsequently began to flock to the derivatives market, "big by small", and "huddled" on social media, especially in the WallStreetBets section of the Reddit forum. People urged each other to buy call options on a certain stock, especially for companies that hedge funds and institutions heavily short, and always adhered to trading principles: never sell, never surrender.
At the beginning of 2021, retail investors fanatically pushed the stock price of Game Station from $3 to $483 within three months, forcing securities firms including Robinhood to restrict severely short selling of stocks to control risks.
Multiple institutions have suffered huge losses, including the hedge fund Melvin. Finally, Citadel and Point72 announced a $2.75 billion injection into Melvin to stabilize the company's operations. Melvin subsequently closed all positions at the game station, conceded and left.
The market turbulence caused by the battle between retail investors and institutions has triggered a series of congressional hearings on the behavior of securities firms and the gamification of retail trading. Representatives of securities firms Robinhood, institutions Melvin, Citadel, forum Reddit, and Gil himself have all been asked to testify.
It is worth mentioning that after this, the stock price of the game station halved in the short term. As the speculative atmosphere far away from fundamentals weakens and individual investor interest fades, this stock, along with other meme stocks such as AMC, has entered a long-term sharp decline pattern.
After hitting a three-year low of $9.95 last month, Game Station has risen over 300% in the first two weeks of this month, and as before, many investors are short selling stocks.
The company operates 2915 stores in the United States and 1254 stores overseas. In late March, the game station said that due to the intensified competition from Wal Mart, Target, Best Buy and other competitors, aiming to completely reform its business, the company had cut an unknown number of jobs to reduce costs, and reported that revenue continued to decline in this quarter. According to data from S&P Capital IQ, the short position ratio of circulating stocks in gaming stations is currently 21%, far lower than the peak of 140% in 2021.
Daniela Hathorn, Senior Market Analyst at Capital, said, "Investors are trying to prove that this is a return of meme stocks, but we haven't seen this happen yet."
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- The highest target price on Wall Street has been announced! Fuguo Bank: S&P 500 is expected to reach 7007 points by the end of next year
- Wall Street is collectively bullish on the S&P 500! Raise the target forecast for the S&P 500 index to above 6500 points
- Watch 7000 points on the S&P 500! Optimistic sentiment spreads on Wall Street, with two major banks singing more
- Is the layout of the Chinese stock market only for this moment? Wall Street's mysterious option buying has made a huge profit of $130 million
- Has the release of heavyweight data in the United States stabilized interest rate cuts? What do you think of Wall Street?
- Wall Street is guessing that the Federal Reserve won't be able to lower interest rates many times next year? There are still traders who don't buy it!
- Worries may become a reality! Wall Street frenzy hit hard, can the US stock market continue its strong performance next year
- Will there only be two interest rate cuts next year? Wall Street: The Federal Reserve may change its mind, and the current sell-off is a good opportunity to buy at the bottom!
- Major changes in the Federal Reserve! The prospect of interest rate cuts changes, leading to heated discussions on Wall Street
- Will the Federal Reserve return to the path of raising interest rates next year? Top Wall Street Economist: 40% Probability
-
隔夜株式市場 世界の主要指数は金曜日に多くが下落し、最新のインフレデータが減速の兆しを示したおかげで、米株3大指数は大幅に回復し、いずれも1%超上昇した。 金曜日に発表されたデータによると、米国の11月のPC ...
- SNT
- 前天 12:48
- 支持
- 反对
- 回复
- 收藏
-
長年にわたって、昔の消金大手の捷信消金の再編がようやく地に着いた。 天津銀行の発表によると、同行は京東傘下の2社、対外貿易信託などと捷信消金再編に参加する。再編が完了すると、京東の持ち株比率は65%に達し ...
- SNT
- 前天 12:09
- 支持
- 反对
- 回复
- 收藏
-
【GPT-5屋台で大きな問題:数億ドルを燃やした後、OpenAIは牛が吹くのが早いことを発見した】OpenAIのGPT-5プロジェクト(Orion)はすでに18カ月を超える準備をしており、関係者によると、このプロジェクトは現在進 ...
- SNT
- 7 小时前
- 支持
- 反对
- 回复
- 收藏
-
【ビットコインが飛び込む!32万人超の爆倉】データによると、過去24時間で世界には32万7000人以上の爆倉があり、爆倉の総額は10億ドルを超えた。
- 断翅小蝶腥
- 3 天前
- 支持
- 反对
- 回复
- 收藏