GameStop shares jump after company says it plans to name Ryan Cohen chairman

Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. John Minchillo | AP GameStop announced Thursday that the Chewy co-founder Ryan Cohen will become its chairman following the company’s annual shareholder meeting, which is scheduled for June 9. The retailer’s shares jumped … Read more

GameStop shares drop as much as 14% after Reddit-driven name plans a $1 billion stock sale

John Smith | Corbis News | Getty Images Shares of GameStop tumbled by double digits on Monday after the video game retailer said it may sell up to $1 billion worth of additional shares following a historic Reddit-fueled short squeeze. GameStop saw its stock drop as much as 14% to around $164.81 apiece after announcing a stock … Read more

Sluggish Covid vaccine rollout threatens Wall Street’s rosy outlook

Reuters: Scott Mlyn | CNBC Wall Street has bet on a swift recovery from the coronavirus pandemic, anticipating that Americans will fill up restaurants, book vacations, board planes and buy new wardrobes as soon as they get Covid vaccines. Investors pushed the S&P 500 to a record at the end of 2020, with the index … Read more

Stocks making the biggest moves midday: Roku, Lennar, Rite Aid, Warner Music & more

The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Here are the stocks making headlines in midday trading: Roku — Shares of Roku gained 3.5% after the streaming company announced it will carry HBO … Read more

Some of 2020’s hottest stocks just had an awful week, but two traders say one will resume its climb

Some of 2020’s top stocks are down on their luck. Red-hot plays including Zoom Video Communications and Chewy tripped up last week as the reopening trade took hold on Wall Street, with some seeing double-digit losses: For one of these names, the rough patch may have just been a bout of bad luck, two traders … Read more

Pandemic pet boom puts dogs, cats and other critters at the top of the holiday gift list

Hillary Kladke | Getty Images During the early months of the coronavirus pandemic, Meagan Remmes felt a tug for companionship after she got furloughed from her job and spent long days in a quiet house. She found her answer about two weeks ago in a box abandoned near her mailbox. She heard a whimper. Inside, … Read more

Stocks making the biggest moves midday: Boeing, Caterpillar, Chewy, Navistar & more

United Airlines’ Boeing 747-400 aircraft performed its last passenger flight on November 7, 2017. NurPhoto Check out the companies making headlines in midday trading.  Boeing — Shares popped more than 3% after Patrick Ky, the head of Europe’s aviation regulator, said the company’s beleaguered 737 Max jet is safe to fly again. He added the … Read more

Mike Santoli’s market notes: New low for week, untrustworthy bounces, stay-at-home stocks fall

A stock trader wearing a mask walks near social distancing signs the day a new IPO is launched at the New York Stock Exchange as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 27, 2020 in New York City. The fourth phase allows outdoor arts … Read more

One e-commerce stock has rallied 2,050% since March, and trader sees more room to run

E-commerce stocks have roared higher off the March lows. Wayfair, Stitch Fix, Etsy and Chewy have rallied triple digits since the market trough four months ago. Overstock, the biggest mover, has skyrocketed 2,058% since its own bottom. These stocks have been hot commodities as the stay-at-home trade benefited from pandemic-related lockdowns and quarantines. Danielle Shay, … Read more