GameStop: Ryan Cohen Cashes In And Roaring Kitty Cashes Out. Plus: A Picks & Shovels Play On Meme Stock And Crypto Frenzy.
Portfolio Pulse from David Pinsen
The article discusses the recent trading activities and stock movements of GameStop Corp. (GME) influenced by Keith Gill (Roaring Kitty) and Ryan Cohen. It also highlights the impact on Robinhood Markets, Inc. (HOOD) due to the meme stock and crypto frenzy.

June 14, 2024 | 5:41 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
GameStop's stock experienced significant volatility due to Keith Gill's (Roaring Kitty) activities and Ryan Cohen's pre-release of earnings. The stock spiked multiple times but ultimately fell after earnings and Gill's livestream.
The stock's volatility was driven by speculative trading and social media influence, leading to short-term price spikes followed by declines. The pre-release of earnings and subsequent performance did not meet investor expectations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
The SPDR S&P 500 Trust (SPY) is mentioned as a benchmark for comparing the performance of a trading strategy that included GameStop.
SPY is mentioned as a benchmark for performance comparison, but the news does not directly impact its price.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 20
POSITIVE IMPACT
Robinhood Markets, Inc. (HOOD) has benefited from the increased trading activity in meme stocks and cryptocurrencies, with assets under custody climbing significantly.
Robinhood's platform has seen increased usage due to the trading frenzy in meme stocks and cryptocurrencies, leading to higher assets under custody and potential revenue growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80