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Wednesday, 06/23/2021 8:22:52 AM

Wednesday, June 23, 2021 8:22:52 AM

Post# of 5791
For all the Howards out there... Todays News Brief Excerpt Notice Microvision at the very end.

Wednesday, Jun 23

GameStop saves money by raising money

The "meme trade" has been one of the market's defining trades this year.

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And while some investors have chosen to ignore the action we've seen in shares of GameStop (GME) or AMC (AMC) amid a value rotation, rising bond yields, and a booming economy, these retail-driven trading frenzies are starting to reshape the fundamentals of these businesses. They're more than just a sideshow.

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Earlier this month, we argued AMC's capital raises into a frenzied stock market created a blueprint for how management teams need to approach the meme market. Stock sale announcements by second-tier meme plays like Express (EXPR) and MicroVision (MVIS) shows how executives are starting to follow this playbook.
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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