Shares of GameStop (NYSE: GME) are soaring 11.5% at 11:04 a.m. ET on Tuesday, one day after they cratered 16% and two days before the video game retailer reports its latest quarterly results. GameStop, of course, has seen its stock all over the place over the past year, and wild swings in value are not uncommon for this meme stock, though the trend has mostly been steadily lower. GameStop is in the first innings of a turnaround plan that as yet remains opaque to investors and the market. Read More...
Motley Fool
Why Upstart, Block, and Lemonade Swooned Again Today
Shares of Upstart (NASDAQ: UPST), Block (NYSE: SQ), and Lemonade (NYSE: LMND) were down big again on Monday, down 10.7%, 7%, and 8.1%, respectively on the day. While each of these companies is slightly different in what they do — Upstart uses artificial intelligence to underwrite consumer loans, Block is a payments processor, lender, and consumer broker and digital wallet, and Lemonade is a digital insurance brokerage — each is a type of high-growth fintech stock. Fintechs benefited over the past few years as the interest rate environment was amenable to high-growth technology stocks, and the economy was relatively healthy.
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