finance🏷

GameStop To Offer Stock Trade-In Program

2021-01-28

(Grapevine, TX) - GameStop has been making headlines in and out of the financial markets over the past week after its stock price was sent soaring by retail traders. The stock was trading at the $15-$20 level as recently as late 2020, but has hit recent highs of a staggering $469. The stock event briefly became the largest component of the Russell 2000 index. The company has been relatively quiet, likely trying to watch things play out and to not to jinx their incredible good luck. But after a few days of insanity, GameStop announced that it would immediately offer a nationwide stock trade-in program. A spokesperson for the company had this to say when reached for comment: "In light of the… read more πŸƒβ€β™€οΈ

Robinhood to Re-brand as Sheriff of Nottingham Capital, LLC

2021-01-28

(Menlo Park, CA) - Robinhood has made headlines throughout the Covid-19 pandemic as the trading app that millions of retail traders turned to to invest their extra time and money. New investors became day-traders using Robinhood and congregated on a variety of online forums, the Reddit subreddit r/wallstreetbets being the most notable. Fortunes were made and lost more than a few times, usually with stunning levels of risk-taking and openness. Robinhood has made it more difficult or impossible to trade certain stocks after seeing a few days of extreme volatility in handful of stocks ($GME, $AMC, and others). They are also rolling out a complete rebrand away from the "Robinhood" brand to… read more πŸƒβ€β™€οΈ

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