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Dave Portnoy Blasts E*Trade Amid Roaring Kitty Ban Considerations
2024 Jun 03, 5:57pm | 839Dave Portnoy, founder of Barstool Sports, launched a scathing attack on E*Trade in response to news that the platform, owned by Morgan Stanley (NYSE:MS), is considering banning Roaring Kitty, whose real name is Keith Gill, over allegations of stock manipulation. In a video posted on X (...
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Short Sellers Run Scared As Meme Stocks Roar: Why High Short Interest Stocks Keep Ripping
2024 May 14, 12:49pm | 815A multitude of stocks with high short interest ripped higher on Monday and continue to rally on Tuesday. The initial moves higher appear to be due to retail traders rushing into heavily shorted names, but the continued momentum may have more to do with short covering. Here’s what you need to...
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Reddit Shares Jump 62% On Debut: Investors, Analysts React On Social Media
2024 Mar 21, 2:31pm | 575As the most eagerly anticipated initial public offering so far this year, shares in Reddit Inc. (NYSE:RDDT) got off to a blistering start, adding 62% to the $34 IPO price to trade at $55 in opening exchanges. It was a milestone moment for the 19-year old social media platform, founded by Steve...