By Kuldip K. Ambastha GameStop Corporation (GME), a video game retailer, had an up-and-down trading week for its stock with three negative daily returns and one positive daily return. (Monday, July 4, 2022 was an American holiday – Independence Day / Fourth of July – and thus not a trading day.) (See past coverage if …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 5-8, 2022”
By Kuldip K. Ambastha The stock price of Unity Software Inc. (U), a videogame software development company, fell by -37.0% per share on Wednesday, May 11, 2022. In Unity Software’s latest quarterly conference call, company leaders disclosed impressive 1Q2022 results, but also noted disappointing 2Q2022 and 2022 full-year guidance. Wall Street was displeased with the …
Continue reading “What Caught Our Attention in the Investment World? – Week of May 9-13, 2022”
By Kuldip K. Ambastha On Monday, January 10, 2022, Take-Two Interactive Software, Inc. (TTWO) shares dropped by -13.1% for the trading day, while Zynga Inc. (ZNGA) shares increased by +40.7% instead. Take-Two Interactive will be buying Zynga at a 64% premium, for $12.7 billion. Take-Two Interactive is well-known for the console-based Grand Theft Auto series …
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By Kuldip K. Ambastha On Monday, June 14, 2021, the stock of Corsair Gaming, Inc. (CRSR) had a +11.2% gain for the trading day. Why? Corsair Gaming is a new meme stock being followed closely by people on Reddit’s r/WallStreetBets and other online platforms. Corsair Gaming provides high-performance hardware equipment for videogame players and content …
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By Kuldip K. Ambastha The Trade Desk, Inc. (TTD) is a global technology company in the digital advertising campaigns space. The company was founded in 2009 and is headquartered in California. Its stock went public in 2016. On Monday, May 10, 2021, the company’s stock saw a dramatic -26.0% loss for the trading day. Though …
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By Kuldip K. Ambastha GameStop Corporation (GME), a video game retailer, caught everyone’s attention in this past trading week. Retail investors were bullish about the stock, while institutional investors were bearish about the stock. Like many companies, GameStop has struggled due to the coronavirus pandemic, which led several institutional investors to short the stock. Retail …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 25-29, 2021”
By Kuldip K. Ambastha On Tuesday, December 22, 2020, IAC/InterActiveCorp (IAC) delivered a +14.1% return for the day. IAC/InterActiveCorp is an American holding company, headquartered in New York City, NY. The company has a variety of underlying holdings, mainly in the media / Internet arena. The Board of Directors of IAC/InterActiveCorp approved a plan to …
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