gamestop

ASX finishes at record high, The Reject Shop downgrades, energy leads the week The ASX200 (ASX: XJO) broke 7,300 points for the first time, ultimately finishing up 0.5% on Friday and 1.6% for the week; three consecutive records. On Friday it was 4X4 parts supplier ARB Corporation Limited (ASX: ARB) and Origin Energy (ASX: ORG) leading the way, jumping 6.3% and…

Groups of amateur investors that gather on social media forums such as Reddit have organized to buy stocks and options in companies with high short interest like GameStop, AMC Entertainment and Blackberry, among others. The buying activity drove the stocks up sharply over the last several weeks and resulted in a massive short squeeze with…

Markets go risk off for a day, trading mayhem continues, Fortescue Metals (ASX:FMG) record production The ASX200 (ASX:XJO) dropped at the open after a negative lead from the US, ultimately finishing down 1.9% for the day; the worst in several months. 90% of companies fell, with Unibail-Rodamco-Westfield (ASX:URW) a rare outperforming jumping 14.5%. The growth favourites were among the…