Trump Social's public debut puts ‘all other meme stocks to shame,' veteran analyst says [Fortune]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Fortune
Social, trades under the ticker symbol DJT (also the former president's initials); Wall Street gives it a market valuation of nearly $8 billion . As of Wednesday, the stock traded at roughly $66 per share. It's the first time in almost 30 years that one of Trump's business enterprises has gone public—and Bloomberg estimates it boosted Trump's net value by $4 billion. Surprisingly enough, this also sends him into the ranks of the Bloomberg Billionaires Index for the first time . Observers have also questioned whether Trump will use this extra wealth to cover a $175 million bond he owes on a civil court judgment, but analysts aren't optimistic about DJT's future. Analysts warn DJT's performance won't match its clout by a long shot. Indeed, Michael Pachter , a managing director of equity research at wealth management firm Wedbush , called DJT a meme stock that “puts all other meme stocks to shame.” Pachter, who's been providing entertainment coverage for the past 20 years, says the
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GME
News
- Why Is GameStop (GME) Down 17% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Trump Media asks lawmakers to investigate "unlawful trading activity" [Yahoo! Finance]Yahoo! Finance
- Trump Media asks lawmakers to investigate possible "unlawful trading activity" in its DJT stock [CBS News]CBS News
- Memecoins are back, and the returns are so big that even hedge funds can't resist [Yahoo! Finance]Yahoo! Finance
- Hedge Funds Are Succumbing to Mind-Boggling Returns of Memecoins [BNN Bloomberg (Canada)]BNN Bloomberg
GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/25/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 144
- GME's page on the SEC website