The video game retailer’s stock witnessed heavy volatility in pre-market as price fluctuated between gains of 100 percent to a peak of 160 percent
Gill, who had invested around $53,000 in 2019 in GameStop, had made $48 million at the peak of the meme stock frenzy, according to reports.
What started as a spontaneous effort to take down Wall Street has since become an established presence in the market. And as the Credit Suisse incident shows, these actions highlight a new source of peril for troubled companies
A 20-year-old college student made $110 million by selling his stake in Bed Bath & Beyond as the company’s stock price rose over the summer.
Ryan Cohen's notice of proposed sale came to U.S. regulators in a paper form submitted over email, and it said the RC Ventures investment firm may sell up to nearly 7.8 million shares of Bed Bath & Beyond, along with options related to the stock, beginning Tuesday.
The group of 37 retail trading favorites tracked by Bloomberg extended a four-day slide on Tuesday, wiping out 15% of its value in the past week as global markets fell on concern of a looming recession. The index has shed 63% of its value from a January 2021 high.