AMC shares slump despite offer of free popcorn to investors
Even with the drop, theater chain's stock price has soared more than 2,000% this year since amateur investors piled in.
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Even with the drop, theater chain's stock price has soared more than 2,000% this year since amateur investors piled in.
Enthusiasm for cinema chain builds in a popular Reddit investor discussion board where stock investors are "idiots."
SEC Chair Gary Gensler says regulators will examine controversial fees key to the trading app's business.
Video game retailer lost $700 million during George Sherman's time as CEO. Now he's departing with a mammoth payday.
Chewy founder Ryan Cohen, a major investor in GameStop, is pushing the old-school game store to reinvent itself.
Video game seller's shares are up nearly 900% this year even as the company continues to lose money.
Many Americans are planning to their new $1,400 stimulus checks in the stock market. Companies like Amazon, GameStop, and AMC Entertainment may start seeing a boost over the next few weeks, but some finance experts are concerned. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN's Elaine Quijano to break it all down.
The "meme stock" is surging again, reprising last month's dizzying rally in the videogame seller's shares.
In sometimes pointed questioning, lawmakers pressed brokerage chief on whether his company puts its customers at risk.
Online brokerage executive is expected to face questioning about why he restricted trading in high-flying stocks.
Video game seller has lost $32 billion in market value since Reddit group WallStreetBets sent its share into orbit.
GameStop's wild ride on Wall Street hit a wall when popular app Robinhood and other online trading apps restricted trades on the stock.
Stock-trading app lets customers "buy on margin" to amp up potential returns. Some investors are paying the price.
Video game retailer has lost more than $30 billion in market value after a stock frenzy driven by Reddit board.
Some Reddit users took advice from the "WallStreetBets" forum and made big money on GameStop stock. Now a 20-year-old college student who cashed in is using some of that newfound wealth for good, buying gifts for a children's hospital.
Reddit personality and YouTuber is still up on his investment, but much less than a week ago when he shot to fame.
Investing app Robinhood recently found itself embroiled in controversy this past week when it moved to restrict trading of shares of several companies like GameStop and AMC. The move resulted in intense backlash from users. New York Times finance and technology reporter Nathaniel Popper joins CBSN's Elaine Quijano to discuss.
Moderators of Reddit's WallStreetBets forum say they're seeing a large amount of stock-recommendation content being posted by bots. MoneyWatch senior reporter Stephen Gandel joins CBSN AM to break down the latest information on the forum, which caused a stir as members bought Gamestop stock, driving the price up.
GameStop isn't the only struggling company whose stock has surged after retail investors flooded in.
GameStop's stock price soared to $325 a share on Friday, capping off a tumultuous week on Wall Street. Despite the video game retailer's success, the overall market sank and ended the week in the red. CEO and founder of Tusk Ventures, Bradley Tusk, joined CBSN to discuss the impact the battle between amateur traders and hedge fund investors will have on the future of the stock market.
Brokerage has angered investors who claim they were unfairly blocked from trading GameStop and other hot stocks.
Stocks sank Friday as a result of the Game Stop frenzy. CBS News correspondent Vladimir Duthiers explains why, and Katie Stockton, founder and managing partner of Fairfield Strategies, joins CBSN to discuss.
Gamestop's stocks are surging once again after the stock-trading app Robinhood reversed its decision and allowed limited trading to resume. It's the latest twist in the ongoing battle between small-scale amateur traders and hedge fund investors. Andrew Smith, chief investment strategist at Delos Capital Advisors, joins CBSN to discuss the impact.
Popular trading app Robinhood is allowing limited trading Friday morning of GameStop stock. This comes one day after it banned the company's stock from its platform, citing extraordinary market conditions. Vladimir Duthiers reports.
Popular trading app Robinhood is now allowing retail investors to buy shares of GameStop stocks, but only in limited quantities. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN to discuss the showdown between Wall Street and home traders.