GameStop’s stock price increased by up to 110% on Monday following the unexpected return of “Roaring Kitty,” a day trader who was instrumental in the 2021 “meme stock rally” on social media. This move put pressure on short sellers who had suffered a $1 billion loss as a result of the spike.
Read More GameStop Stock Surges, Gets Halted For Volatility After Post From ‘Roaring Kitty’
Wall Street’s main stock indexes ticked higher, with the blue-chip Dow leading gains in thin trading ahead of crucial economic data.
Read More Dow leads Wall St higher in lean trading week
Social media platform Reddit geared up for its high-profile market debut on the New York Stock Exchange.
Read More Reddit set for hotly anticipated debut after pricing IPO at top of range
Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering.
Read More Reddit targets up to $6.4 billion valuation in much-awaited US IPO