GameStop apes are all talk: Webull CEO

Jan 23, 2022

GameStop apes are all talk: Webull CEO

Since the meme stock mania pushed shares of the ailing retailer above $500 intraday in late January 2021, GameStop shares have been orbiting the bowl.

According to Webull CEO Anthony Denier, the recent price movement in GameStop (GME) demonstrates many points.

"If you look at the prices today [at GameStop], it tells me that whether it's diamond hands or monkeys, I believe it's just chatter," Denier remarked on Yahoo Finance Live. "We are witnessing our traders and our investors take money off the table in GameStop."

As the one-year anniversary of the meme stock boom approaches, GameStop stock is doing anything but rising.

On Friday, shares fell below $100 for the first time since shortly before the start of last January's retail stock buying craze. The stock has fallen about 71% since its Jan. 27, 2021 closing high.

The king of meme stocks — led by new CEO Matt Furlong (a former Amazon executive) — hasn't been very open about its aim to transform into a technology firm. There are little details available about GameStop's rumored efforts to develop an NFT marketplace.

Furlong did not answer any analyst questions during his initial round of earnings calls – sessions that were curiously quick and devoid of any substance.

As a result, GameStop's stock has plummeted, despite the fact that it retains a sizable following among retail traders.

"I believe there is a vociferous minority of investors interested in this GameStop phenomena," Denier continued.

To be sure, GameStop's fundamentals remain weak and there is no indication that a reversal is imminent.

GameStop reported a $201.7 million operating loss for the 39 weeks ending Oct. 30.

Microsoft's $68.7 billion bid for Activision Blizzard is also contributing to the negative mood on GameStop.

"The acquisition of Activision Blizzard by Microsoft alters the breadth of critical inputs into our proposed GameStop model. Both firms are significant suppliers to GameStop. A combination strengthens Activision's hold on the market the firm reshapes the amount of Activision titles being made exclusive to Xbox in plans, and heralds a more quicker shift to cloud-based IP gaming "Stephanie Wissink, an analyst at Jefferies, stated this week in a research note.

Subscribe Our Newsletter

VW Aims to Launch Scout, an EV Off-Roading Brand
VW Aims to Launch Scout, an EV Off-Roading Brand

Volkswagen Group is preparing to launch Scout, a new specialized EV business that will create an all-electric truck and a tough off-roading SUV for the American market. The business intends to build a rugged SUV and pickup truck by 2026.

Companies
If Apple Wants To Be In The Auto Sector, It Needs This Car Supplier .

Lasha

If Apple Wants To Be In The Auto Sector, It Needs This Car Supplier.

If Apple wants to go into autos, it should buy this car supplier. Here is why.

Companies
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Oliver

What is the Liquidity Lockup Time in Crypto?
Among the most important aspects of cryptocurrency is the concept of liquidity. It is generally accepted that a liquid asset is one that is easily exchangeable for cash and that does not affect its market value in the process.

discover
Forex Broker Marketing Strategies That Work in 2022.

Alexander

Forex Broker Marketing Strategies That Work in 2022

Nowadays, we can observe an increasing number of Forex brokerage firms striving to become the best in providing their unique services to traders. As a result, the rivalry to engage traders increases as more brokers become involved in Forex trading.

Forex Business
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors

    Hazem

    The Cup and Handle Pattern – How Trade Using This Bullish Indicator?

    Cup and Handle Pattern – How to Predict Price Breakouts?

    Hazem

    Year-Over-Year (YoY): What It Means? How It’s Used in Finance?

    Year-Over-Year (YoY): How to Calculate Business Performance?

    Constantine

    What is WAGMI and NGMI? Understanding Crypto Slangs

    WAGMI vs. NGMI

    Alexander

    Litecoin Mining Guide: How to Get Started in 2025?

    Litecoin Mining Guide: How to Get Started in 2025?

    Constantine

    What is Thruster (THRUST): An Advanced AMM for the Blast Ecosystem

    Thruster (THRUST): How Does it Revolutionise DeFi?

    Constantine

    How Does Polymarket Work? Detailed Guide

    How Does Polymarket Work? Comprehensive Guide

    Constantine

    Coinbase vs. Сoinbase Pro: Which Platform is Right for You?

    Coinbase vs. Coinbase Pro
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.