GameStop Corp

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022.Brendan McDermid | ReutersLast year's GameStop meme stock phenomenon is making its way to the big screen, as "Saturday Night Live" alum Pete Davidson, "There Will Be Blood" actor Paul Dano, "Pineapple Express" star Seth Rogen and Marvel Cinematic Universe regular Sebastian Stan are set to star in "Dumb Money."A group of Reddit-based retail investors on the Wall Street Bets page boosted shares…

CNBC's Jim Cramer said he's not shocked by the Nasdaq's plunge on Monday, explaining that last week's Bed Bath & Beyond trading frenzy indicated weakness in the index could be on the way.On Monday's episode of "Mad Money," Cramer referred to two warnings he gave CNBC Investing Club members last week about the potential for meme-stock froth to spill over into the broader market, especially the tech-heavy Nasdaq. Those words of caution came initially Wednesday morning and then Friday afternoon. On Wednesday, Cramer…

Netflix is expanding its push into mobile gaming.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making the biggest moves midday Monday:AMC — Shares of the theater chain dropped 38% as investors weighed the company's new preferred share class and news that rival Cineworld that it was considering bankruptcy. AMC's new APE units were trading at roughly $7.50 per share, offsetting the large losses for the common stock.Bed Bath & Beyond, GameStop — Other meme-stock favorites Bed Bath & Beyond and…

Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon.The filing shows that Cohen's RC Ventures dumped its stock on Tuesday and Wednesday at a range of prices between $18.68 per share and $29.22 per share. The firm also sold its call options. Cohen said in a filing earlier this week that he intended to sell his holdings of the meme stock.Shares of the stock fell 35% in extended trading, adding to a loss of nearly 20% during…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments: We're cautiously watching bond yields Meme mania could be a sign of froth in the Nasdaq We trimmed two Club stocks: DHR, LIN Costco remains best retail stock 1. We're cautiously watching bond yields Bond yields are starting to creep up again, with the 2-year Treasury over 3.35% on Wednesday, marking its highest level since the stock market's recent bottom in mid-June. The…

Pedestrians walk past a Bed Bath & Beyond Inc. store in New York.Mark Kauzlarich | Bloomberg | Getty ImagesThe wild trading in Bed Bath & Beyond showed no signs of slowing down on Wednesday, as the retail stock spiked on heavy volume while social media users cheered on the meme stock.Shares of the challenged retailer surged 39% in early trading, building on its enormous gains for August. Bed Bath & Beyond has already seen five days in August with moves greater than 20%, and ended Tuesday up nearly 300% for the…

CNBC's Jim Cramer on Tuesday warned investors to avoid buying money-losing stocks in a bet against short sellers.The market went in favor of short-sellers on Tuesday after the major indices fell. The market teetered earlier in the day as it digested disappointing financial reports from companies and prepared for key inflation numbers later this week."In a market that's presenting you with ample opportunities to lose money, I can't endorse buying these money-losing stocks in the hope of engineering a short squeeze. Sooner…

A view of a Bed Bath and Beyond store in Daly City, California.Justin Sullivan | Getty ImagesShares of Bed Bath & Beyond jumped nearly 60% on Monday as meme traders seemed to be betting on the stock despite any apparent catalyst for the move.The heavily shorted stock, which has tumbled more than 44% this year, was the most searched name on the WallStreetBets discussion board on Monday according to Quiver Quantitative, where users under a pinned thread titled "AMC and BBBY Memestock Megathread for Monday August 8th,…

Passengers at an American Airlines gate at the Dallas/Fort Worth International airport in Dallas.Scott Mlyn | CNBCIt wasn't long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle a record level of IPOs, and mortgage lenders added headcount as rock-bottom rates led to a refinancing boom.On the flipside, Delta Air Lines, Hilton Worldwide and legions of restaurants slashed headcount because of lockdowns that rolled through much of the…

Shares of Coinbase soared Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin.Coinbase shares rose 10%. Earlier in the day they jumped as much as about 40%.Services in the company's Prime offering will be available to clients of BlackRock's portfolio management platform for institutional investors, Aladdin, the company said on its blog. Coinbase will provide crypto trading, custody, prime brokerage and reporting capabilities. BlackRock is the…