Newegg Commerce Inc is an online retailer that specializes in electronics and technology products, particularly catering to enthusiasts and gamers
The company offers a wide range of products including computer hardware, gaming devices, consumer electronics, and various related accessories, positioning itself as a go-to platform for tech-savvy consumers. With a focus on delivering an engaging shopping experience, Newegg also provides valuable resources such as product reviews and tech guides, enabling customers to make informed purchasing decisions. Through its e-commerce platform, Newegg connects customers with a diverse selection of products while fostering a community around technology and innovation.
Shares of video game retailer GameStop (NYSEGME)
jumped 8.1% in the afternoon session after CEO Ryan Cohen shared a photo with Michael Saylor, co-founder and chairman of MicroStrategy, the largest corporate holder of Bitcoin. The post has sparked speculation that GameStop may be planning a move into the crypto space. Such moves often resonate with its core audience of retail investors and traders.
Shares of video game retailer GameStop (NYSEGME)
jumped 8.5% in the morning session after the company reported impressive third-quarter earnings, which blew past analysts' expectations. Its gross margin also outperformed Wall Street's estimates, fueled by a pivot to high-margin products and better control over stock levels. On the other hand, its revenue fell short. Overall, this quarter had some key positives.
Newegg Commerce shares are trading higher by 9.4% during Monday's session. The company announced that the presale for its tenth annual FantasTech Sales event is now live.
Several meme stocks including AMC Entertainment Inc (NYSEAMC), Koss Corp NASDAQ:KOSSNASDAQKOSS)(NYSE:BBNYSEBB and Newegg Commerce Inc (NASDAQ:NEGGNASDAQ) are trading higher Thursday following a swift surge in GameStop Corp (NYSE:GMEGME) stock. Here's what you need to know.
The madness in meme stocks on Monday can be traced back to a social media post from Keith Gill, best known as "Roaring Kitty" on YouTube and X or "DeepF***ingValue" on Reddit. Several names with high short interest are ripping higher in the wake of the post. Yes, a simple meme has kicked off a buying frenzy in heavily shorted names.
