On January 27, GameStop shares reached their record closing price of $347.51. However, this upturn did not last long. As major hedge funds squared out their positions, the retail interest has dropped.
The performance of Deutsche Bank in the 2020 fiscal year was driven in part by the growth in the Investment Banking Unit.
During the past three months that ended in December, Spotify paying subscribers saw a huge leap to close the year on a positive note.
The integration of cryptocurrency purchase options for Bitcoin (BTC), Ethereum (ETH), and other limited altcoins has proven to be the right move for PayPal as shown in its Q4 results.
GameStop stocks have tumbled all their way down south after last week’s retail frenzy. The SEC has already started investigating the matter looking into the possible players involved in the GME price pump.
The president and CEO of First Boulevard Donald Hawkins expressed his excitement over the partnership with Visa.
As the Reddit-fueled frenzy slows down, investor confidence in the broader market seems to be restored again thanks to the tech giants like Amazon and Alphabet whose earnings report suggests phenomenal growth during Q4 2020.
Alphabet (GOOGL) stock enjoyed a profitable 2020 as they jumped approximately 32.77% during the year.
Pfizer raised its earnings guidance for the 2021 fiscal year noting that its revenues will range between $59.4 billion and $61.4 billion, with vaccine sales taking a prominent role in the achievement.
In the earnings report, Amazon also announced that Jeff Bezos would leave his post as the company’s CEO.
Following its halt in the trade of the shorted stocks last week, Robinhood has earned a strained public sentiment, which is reportedly going to strain its IPO plans.
Last year, Riot Blockchain stock experienced an astronomical rally. In the past twelve months, RIOT shares are approximately 1457.25% up. In the past three months, it rallied by 514.00%.
BP CEO said that with the mass rollout of the vaccine, his firm had a positive outlook for the coming year.
With the coronavirus still being a direct threat to our normalcy, Snap stock remains with an upper advantage of rallying further in the coming quarters.
The Reddit community of investors who fueled the GameStop rally has shifted its focus to precious metal silver taking its price 7% higher to $29 per ounce.