GameStop apes are all talk: Webull CEO

Jan 23, 2022

https://liquidity-provider.com/app/uploads/2022/01/dizajn-bez-nazvaniya-2022-01-24t173350.847.png

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

Regulators May Be Missing the Weakest Link in Crypto
Regulators May Be Missing the Weakest Link in Crypto

A representative for the Treasury Department declined to comment. Similarly, other legislators' plans have neglected or even deliberately omitted the establishment of safeguards around algorithmic stablecoins.

Crypto
Binance Customers Are Withdrawing Their Funds. But Why?

Milena

Binance Customers Are Withdrawing Their Funds. But Why?

In the 24 hours on Tuesday, investors withdrew assets from the exchange at the quickest rate in months. Here are the reasons why.

Crypto
Tamta

How to Create a Cryptocurrency
As the world grows more digital, the desire for new and innovative technology has increased dramatically.

discover
5 Most Successful FinTech Industry Startups in 2022

Constantine

5 Most Successful FinTech Industry Startups in 2022

The financial services industry is undergoing a paradigm shift as a result of technological advancements, which are actively displacing traditional players and traditional business models. Significant changes are achieved through the integration of new financial solutions, reduction in the cost of certain functions, improvement in efficiency and quality of business, and a positive impact on the sustainability of core business development.

FinTech Awards

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    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

    Is IUL a Good Investment Strategy? — A Guide for Beginner Investors

    Is IUL a Good Investment Strategy?

    Alexander

    Are Crypto Wallets Safe? — Tips to Ensure Maximum Protection of Your Digital Assets.

    Tips to Ensure Maximum Protection of Your Digital Assets

    Alexander

    Roth IRA Guide: What It Is and What You Need to Know.

    Roth IRA Guide: What It Is and What You Need to Know

    Alexander

    From Gold to Index Funds and Crypto: Where to Invest in 2023 for Long Term?

    From Gold to Index Funds and Crypto: Where to Invest in 2023

    Alexander

    Understanding Algorithmic Trading: A Guide for Beginners

    Understanding Algorithmic Trading: A Guide

    Alexander

    Stop Vs. Stop-Limit Order: How Do They Differ?

    Stop Vs. Stop-Limit Order: How Do They Differ

    Alexander

    Invest in the Intelligent Future: The Best AI Stock Market Leaders of 2023

    Invest in the Intelligent Future: The Best AI Stock Market Leaders of 2023

    Deborah Middleton

    How MEC Rules Can Impact Your Life Insurance Policy

    How MEC Rules Can Impact Your Life Insurance Policy.

    Deborah Middleton

    Navigating the Ethical Landscape of AI: Challenges and Solutions

    Navigating the Ethical Landscape of AI: Challenges and Solutions

    Deborah Middleton

    Managing Your Financials The Right Way – A Startup Guide 

    Managing Your Financials The Right Way - A Startup Guide

    Anna

    A Beginner Guide To The Crypto Analysis Tools.

    A Beginner Guide To The Crypto Analysis Tools.

    Anna

    A Brief Introduction to Scalping

    A Brief Introduction to Scalping.

    Anna

    How to Invest in Stocks: A Beginner’s Guide

    How to Invest in Stocks: A Beginner’s Guide

    Anna

    Tips On Finding Crypto Liquidity Providers In 2023

    Tips On Finding Crypto Liquidity Providers In 2023.

    Anna

    Forex Liquidity in 6 Questions and Tips on How to Become Successful in Trading

    Forex Liquidity in 6 Questions and Tips on How to Become Successful in Trading

    Anna

    A Brief and Comprehensive Guide to Spot Trading.

    A Brief and Comprehensive Guide to Spot Trading.

    Anna

    What is The Difference Between Liquidity Provider and Liquidity Aggregator?

    What is The Difference Between Liquidity Provider and Liquidity Aggregator?

    Tamta

    What Is SWIFT Banking System?

    What Is SWIFT Banking System?

    Tamta

    How Liquidity Providers Drive The Foreign Exchange Market

    How Liquidity Providers Drive The Foreign Exchange Market

    Tamta

    How to Start Investing In Crypto

    How to Start Investing In Crypto

    Tamta

    5 Best Crypto CFD Liquidity Providers 2023

    5 Best Crypto CFD Liquidity Providers 2023.

    Tamta

    The Power Of Liquidity For Crypto Exchanges

    The Power Of Liquidity For Crypto Exchanges

    Tamta

    Institutional Forex Liquidity Explained: Why Do We Need It?

    Institutional Forex Liquidity Explained: Why Do We Need It?

    Tamta

    What Is Return On Investment (ROI), And How Can You Calculate It?

    What Is Return On Investment (ROI), And How Can You Calculate It?
    Latest News - Liquidity Provider: Business & FinTech Media
    • News
      • 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
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site.