Tag: Stock

GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight

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GameStop, the video game retailer that took Wall Street by storm in 2021, has once again become the talk of the town as its share price surges 100%.  Fueling this rally is the return of the influential social media figure Keith Gill’s “Roaring Kitty.” After a long hiatus, Roaring Kitty’s recent activity on social platforms, including an image and video, has ignited excitement among investors and triggered a renewed frenzy for GameStop’s meme stock and the emerging world of memecoins.  GameStop Memestock Frenzy The meme-stock phenomenon gained widespread attention in…

Bitcoin wallet developer Exodus to go public on New York Stock Exchange

Exodus Movement, Inc., the developer of non-custodial crypto wallet Exodus, is set to go public on May 9 on the NYSE American in a bid to create “long-term value” for investors. Crypto wallet maker Exodus Movement, Inc. received approval for its common stock for listing on the New York Stock Exchange (NYSE), the company announced in a press release on May 6. The company disclosed that its common stock had secured approval for listing on the New York Stock Exchange (NYSE). The Class A common stock, valued at $0.000001 per…

Two Big Bitcoin Catalysts Could Drive MicroStrategy Stock Gains, TD Cowen Says

Vitanza, who attended MicroStrategy’s World 2024 user forum in Las Vegas last week, however, said customers had significant positive feedback regarding the firm’s legacy software business, founded long before Saylor pushed the company to purchase billions of dollars of bitcoin. “This is causing us to rethink the potential upside around the operating business,” he wrote. Source

New York Stock Exchange Considers 24-Hour Trading, Partially Prompted by Crypto: Report

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The largest stock exchange in the world is reportedly gauging interest in becoming an around-the-clock operation. According to the Financial Times, the New York Stock Exchange’s (NYSE) analytics team is surveying interest in after-hours trading. FT says the interest is largely driven by the 24/7 world of crypto trading, which saw huge increases in retail investors during the 2020 pandemic. The NYSE evolving into an overnight trading option would represent a huge change for the world’s leading exchange. According to Georgetown University finance professor James Angel, the viability of the change…

Analyst predicts Bitcoin to hit $150k by 2025, uptick in Microstrategy stock

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The Benchmark Company analyst Mark Plamer expects Bitcoin’s price to hit $150,000 by the end of 2025.  Palmer’s comments came via an April 8 investor note, in which he raised his price target for MicroStrategy (MSTR) to $1,875, almost doubling from his previous target of $990.  Palmer’s optimism about MSTR is based on the company’s Bitcoin holdings. The analyst expects the flagship cryptocurrency to hit a price of “$150,000 by 2025.” He noted that MicroStrategy’s massive Bitcoin holdings will greatly benefit from the upcoming halving event, as the supply of Bitcoin will…

Bitcoin’s peak could be a harbinger of a stock market top next, Stifel says

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A bitcoin top could signal trouble for stocks – and a shift in market leadership, according to Stifel. According to Barry Bannister, Stifel’s chief equity strategist, there’s evidence the cryptocurrency may be peaking, which could lead to a pullback in investor sentiment, weaker Big Tech stocks, and a rotation into value, he said in a note Wednesday. “Bitcoin & Nasdaq 100 reflect the speculative fever fostered by cheap money after dovish Fed pivots, such as occurred 4Q 2023,” Bannister said. “We show that if Bitcoin reflects euphoria after a dovish…