The next GameStop? 38 heavily shorted stocks that retail investors could target next, according to Goldman Sachs

One widely discussed theory on social media is that GameStop may be considering a merger or acquisition involving a company tied to RC Ventures, potentially explaining the share movement. Possible reasons for the move shared on social media include using the shares as collateral, taking GameStop private, making mergers and acquisitions easier with one less corporate layer or for tax strategy. GameStop Corporation GME stock could be back in the spotlight with social media spotting a move made by CEO Ryan Cohen, which comes as the company has been quiet about what it’s doing with its large cash balance. Under Cohen’s leadership, GameStop has just2trade broker review focused on cutting costs and streamlining operations to ensure the business is profitable even though it is not growing. As of Nov. 2, the company had amassed a $4.6 billion cash pile and has been using those funds for investments, according to a December securities filing. The company is still in the process of figuring out if this makes sense for GameStop’s business, according to one source.

With that in mind, if you still believe GameStop stock is a tradeable asset, looking at technical metrics makes more sense. With the stock price high, many people will feel like that gamble has paid off. And that, in turn, is having a real-world effect on the share price right now.

What is the Best Investment for 2021?

The Chinese-based large language model is disrupting the AI industry and the stock market. Despite the confusion over what to buy, silver coins and other forms of physical metal saw a lot of activity. It is true that an upswing in buying may deliver returns at some point. After all, silver-related investments are generally a smart buy as part of an otherwise well-diversified portfolio.

Stock Analysis

Since becoming a meme stock, GameStop’s valuations have largely ignored the company’s fundamentals. There’s little clarity on how this can be turned around beyond cutting costs. While Fisker has struggled for performance in recent years, the automotive firm recently announced an agreement with an institutional investor set to free up hanging man candle higher volumes of cash to cover operating costs. The news puts the stock on track to make its first gain in 2024 and could make its sub-$500 million market capitalization attractive for meme investors. A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance.

Cohen later became the chairman of GameStop in June 2021 and was announced as the CEO in September 2023. While the reason for the move is unknown and could just be a strategic decision for Cohen’s personal financials, the move comes as GameStop has over $4 billion in cash and has been quiet on what it will be using the cash for. The transfer also takes the ownership from a Delaware place of organization to Canada, moving the shares to a new country. After all, the #1 stock is the cream of the crop, even when markets crash. Those interested in speculating should treat a Dogecoin purchase as they would any other high-risk investment – never putting more in than they can afford to lose. With that said, celebrity backers or no celebrity backers, Dogecoin is a very risky investment.

Is TRKA a Good Stock to Buy?

The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Tom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad. On the date of publication, Tom Yeung did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

With fewer people out shopping due to the pandemic and most games being sold online, things weren’t looking great for the company. “I am pleased that we were able to reach an agreement with one of our investors that will provide increased flexibility and better position us to execute on potential strategic business deals,” said the company’s chief executive, Henrik Fisker. In addition to this, the concept of space tourism is more likely to resonate with retail investors as an exciting uncharted industry that’s unfamiliar territory for institutions with intentions to short the stock. Of course, the biggest performers in future meme stock rallies will be the stocks that inspire investor enthusiasm alongside institutional derision without already being recognized as fully-fledged meme stocks. With this in mind, I believe the three stocks below have the potential to see GameStop’s levels of gains in the right market conditions. I still remember reading some of the magazines around the house, and it was fun.

Former Game Informer staff tease a possible revival

• My initial assessment of Troika assumed that the firm would act in good faith to keep investors updated about its outsized Series E deal.
• On the other hand, GameStop has been relatively clear about its finances and business outlook.
• However, one of the issues with this strategy is that “silver” isn’t a precise term – especially for inexperienced investors.
• On Bluesky, the Game Informer account, which had not posted since July of last year, returned to life with a short video featuring the publication’s farewell message.
• On the other hand, the company has a lot of cash on its balance sheet and a management team that offers little clarity about what it plans to do with that cash, keeping bears uneasy about betting against it.

In February, the prevailing attitude on Wall Street was the share price was slowly finding its natural position. Earlier that day the share price had soared to nearly $350 (£250) times more than this time last year. In December 2023, GameStop’s board approved a new “investment policy.” It allows Cohen, plus two independent board members and other necessary staff, to manage GameStop’s portfolio of securities investments. Those investments have to conform to the policy’s guidelines, or be approved by the committee by unanimous vote or the full board by majority vote. Companies considering adding bitcoin to their balance sheet would be following in the footsteps of MicroStrategy. That company, recently rebranded to Strategy, has bought billions of dollars worth of bitcoin in recent years, effectively transforming from a software stock to a bitcoin holding vehicle.

• Last year, GameStop shut down Game Informer, laying off all its staff and putting an end to one of the last remaining video game magazines still published in the United States.
• “My sense is hedge funds are like, ‘Oh, they’re going to get excited again, maybe we can ride the thing up’.
• While the reason for the move is unknown and could just be a strategic decision for Cohen’s personal financials, the move comes as GameStop has over $4 billion in cash and has been quiet on what it will be using the cash for.
• Those investments have to conform to the policy’s guidelines, or be approved by the committee by unanimous vote or the full board by majority vote.

If you’re sure the company will lose value, you’d make a profit when you buy them back and the price has fallen. The sort of thing you’d find between a doughnut shop and a makeup retailer in an American mall. On the date of publication, Dmytro Spilka did not hold (either directly or indirectly) any positions in the securities mentioned in this article.

GameStop’s shares slumped by 40% in 25 minutes on Wednesday, after a few days of frenetic growth. H Acquired Spring Communications, Inc. (“Spring Mobile”), a United States–based Apple wireless retailer. Also in November 2024, GameStop sold GameStop Italy to Cidiverte, a small Italian competitor which operates ten stores under the Gamelife brand. Within six months of the sale, over 250 GameStop stores in Italy will be rebranded as Gamelife stores.182183184 Thus by the summer of 2025, aside from Micromania in France, the GameStop brand will have disappeared from Europe. Here’s a look back at the story so far, with an explanation of stocks, short-selling and what has been happening with GameStop. While it got its start as something of a joke in the fintech community, Dogecoin is gaining legitimacy.

Wall Street sometimes refers to these kinds of investors as “dumb money”. If you believe this theory, you should buy GameStop shares before the cash is sent out – and then ride the wave up. And far from being a failing, bricks-and-mortar gaming company, it is well placed to move into the digital space, where even a small part of the market would make it hugely valuable. And that spike was widely thought to have been a one-off – hedge funds would never again allow themselves to be blindsided.

Is TRKA Stock the Next GameStop? Why Reddit Thinks So.

Shares opened the year under $20, then went sharply, shockingly high over a few days in late January. The demand raised its share price massively, which nobody saw coming, and everyone who had banked on it dropping in value had to buy their shares back. Although we recently saw Roundhill’s MEME ETF shut down due to flagging investor interest, it’s important to acknowledge that recent economic headwinds have forced investors to look away from riskier stocks. In a note to clients, Goldman chief U.S. equity strategist David Kostin said there are still stocks with heavy bets built up against them from Wall Street investors who bet on stock’s decline by selling shares they don’t own. And TRKA stock shares have been non-compliant with Nasdaq listing requirements for far less time than beaten-down BBIG stock.

With commercial space tourism seats costing passengers $450,000, Virgin Galactic’s unique industry position could see more meme investors picking up the stock as packages finally begin to bring in much sought-after revenue for the company. The return on highly shorted stocks is currently the highest ever recorded, he said. Still, the rally of heavily shorted stocks has taken place against a “backdrop of very low levels of aggregate short interest,” he added, though noted there could still be significant losses for hedge funds. Many Redditors have taken these signs that TRKA stock could become the next GameStop. A cheap share price, the retention of Jeffries and the recent short squeeze all seem like a repeat of GME in 2021. The meme stock trading frenzy has suddenly sprung back to life, with shares in GameStop (GME) and AMC Entertainment Holdings (AMC) blasting higher thanks to … well, let’s call it speculative enthusiasm on social media.

Last weekend, CEO Ryan Cohen posted a photo on social media site X with Michael Saylor, co-founder and chairman of MicroStrategy, the largest corporate holder of bitcoin. However, Saylor is not involved in GameStop’s discussion about crypto investments at this time, two of the sources said. While these companies might eventually see gains as a result of a shortage of physical silver, buying these shares doesn’t contribute to the overall “short squeeze” strategy. However, one of the issues with this strategy is that “silver” isn’t a precise term – especially for gold mining stocks inexperienced investors. Activity was diluted due in part to the fact that retail investors purchased shares in a wide variety of silver-related assets. Furthermore, the stock already experienced a boost from meme investors as the firm began flying its first commercial passengers into space in June 2023.