All articles tagged with #memestocks
GameStop CEO Ryan Cohen could earn up to $35 billion through performance-based stock options if the company's market cap reaches $100 billion and its earnings hit $10 billion, aligning his incentives with long-term growth amid the company's volatile history and recent recovery in stock value.
GameStop shares are in focus ahead of its earnings report, with recent social media activity from 'Roaring Kitty' boosting the stock. Key price levels to watch include resistance at $31 and $40.50, and support at $23 and $19.50. Despite a bullish pattern, Wedbush maintains an 'underperform' rating with a $10 target, citing challenges in digital transition.
AMC Entertainment's shares hit an all-time low, continuing the decline from the 2021 meme stock surge, while Rocket Companies received a downgrade from KBW analysts, citing valuation concerns and market share loss in refinancing. AMC's efforts to reduce debt through equity offerings and a lackluster box office year have not improved its stock performance, and no analysts currently recommend buying. Rocket Companies, despite a significant stock price increase over the past year, faces skepticism from analysts about its future growth potential.
GameStop's stock (GME) has dropped more than 4%, potentially marking its third consecutive day of losses and its longest losing streak since November. Despite a meme-driven rally before its Q3 earnings report and a 9% rise over the past three months, the stock's decline is notable. The company has undergone significant leadership changes, with Ryan Cohen, an activist investor, taking over as CEO in September, signaling ongoing efforts to revitalize the business.