Southwest Airlines Co (NYSE: LUV) cautioned investors Wednesday it expects revenue for each seat it flies a mile (RASM) to come in flat for the first quarter, which marks a downtick from its prior guidance of up 1 to 2 percent. The stock lost nearly 5 percent and is now considered to be . Read More.
The stock market has been in an uproar this past week over the wildly speculative trading in a handful of stocks, namely GameStop, a retail outlet that sells video games, and has drawn the attention of the US Securities and Exchange Commission, Congress and politicians from both sides of the aisle.
GameStop gamed in stock market tizzy By WILLIAM HENNELLY in New York | China Daily Global | Updated: 2021-01-29 12:20 A GameStop store is pictured amid the COVID-19 pandemic in the Manhattan borough of New York City, Jan 27, 2021. [Photo/Agencies]
It looks like the latest installment of Wall Street vs Main Street.
The stock market has been in an uproar this week over the wildly speculative trading in a handful of stocks, namely GameStop, a retail outlet that sells video games, and has drawn the attention of the US Securities and Exchange Commission, Congress and politicians from both sides of the aisle.
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(Reuters) - The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning brokerages and social-media traders it was on alert for any wrongdoing in this week’s roller-coaster trade.
GameStop shares rallied again, awarding retail investors the advantage in the latest round of their week-long slugfest against major financial institutions that had shorted the video game retailer.
The so-called “Reddit rally” has inflated stock prices for GameStop and other previously downtrodden companies that individual investors championed on social media forums such as Reddit’s Wallstreetbets, which has almost 6 million members.