GameStop soared as much as 69.4% to a high of $72.88 on Friday, bringing its gains to over 100% this week alone.
GameStop has more than 138% of its float shares sold short, the single most shorted name in the U.S. stock market, according to FactSet.
The stock initially jumped higher last week after the company announced that Chewy co-founder and former CEO Ryan Cohen is joining its board.
Not going to link it because fuck them and their ad revenue, but here's the beginning of the article:
Cristin Flanagan Mon, February 1, 2021, 1:22 PM
More content below (Bloomberg) -- BioCryst Pharmaceuticals Inc. blew past a five-year high as Reddit investors rallied around a call to start a “#BioWar” on the heavily-shorted biotech that develops rare disease drugs.
The stock, which recently ended development on a Covid-19 drug, rallied as much as 36% on Monday after a poster on Reddit’s WallStreetBets forum called it “the most undervalued stock in the market” while another said a brewing #BioWar was “about sticking it to the shorts in a massive way.”
So their tactic is:
Make a shitpost here shilling some dumb stock to draw us away from GME
Publish an article saying "Reddit" is way bullish on dumb stock
Boomers buy in
Isn't this the very fucking definition of manipulation?
[Edit] I realize some people are genuinely bullish on the stock (although I never heard of it until today) and good for them and their DD, but to say WSB is "rallying around" it is pure horseshit
Beyond Meat and PepsiCo are forming a joint venture to sell new plant-based snacks and drinks.
Financial terms of the partnership were not disclosed.
Operations will be managed through a limited liability corporation called The PLANeT Partnership.
Alright, I know there are a lot of skeptics out there on fuel cell. I was one myself for a number of years. Musk even called it “fool cell”. But the truth of the matter is as technology advances, fuel cell has been proven to be more commercially feasible. Fuel cell isn’t just applied to niche applications anymore and is increasingly adopted in other end-markets (commercial vehicles, aerospace, robotics, etc.). In other words, TAM has become enormous. Fuel cell is argued to to be cleaner and more weight efficient and to provide more range than batteries. I’m not going to debate on this. In my opinions, both EVs and fuel cell could co-exist in the future given the world’s accelerated transition to clean energy.
PLUG’s two groundbreaking partnerships with SK Group and Renault validated the increased fuel cell adoption around the world and only marked the beginning of the fuel cell era. PLUG already has an established base of blue chip customers such as Amazon, Walmart, DHL, and Home Depot. PLUG’s partnerships with these customers have continued to expand over time. Interesting fact is that Amazon is not only a key customer but also a shareholder. I expect more partnerships with big names to be under way. Marsh projected revenue to significantly grow to $1.2 billion by 2024 but that could be revised to be more optimistic based on growth.
In terms of capacity, PLUG is in the process of building out its first gigafactory this year along with 5 hydrogen stations across the country by 2024. PLUG is in a nice position to continue to expand its infrastructure to scale and handle the increased demand.
In terms of competition, there are no serious competitors that could threaten PLUG in the long run. Unlike EVs, barriers to entry for fuel cell are high due to the capital intensive nature of the business. It took PLUG many years of growing pain, let alone significant capital investments, to get to today’s position as a clear leader in fuel cell.
In conclusion, I’ve become a firm believer in fuel cell and believe PLUG is ready to capitalize on the rapid growth in fuel cell applications as the next “Tesla of fuel cell”.
Individual investors who recently piled into GameStop Corp. are taking a victory lap this week after shares of the struggling company doubled in the last two days, putting the stock on pace for its best weekly performance on record.
For weeks, members of Reddit’s popular WallStreetBets forum have been touting GameStop, encouraging others to scoop up shares of the videogame retailer and begin making bullish wagers. Several posts on the forum had noted that short sellers’ bearish GameStop bets had been at elevated levels.
Short interest, which indicates the interest of investors betting a stock will fall in value, has hovered around 138% of the stock’s free float this year, FactSet data show. This makes it the second-most-shorted company by that metric across the New York Stock Exchange and the Nasdaq, according to Dow Jones Market Data. That had some Reddit users predicting that the stock might rapidly rise if short sellers had to cover their bets by buying back shares should the stock suddenly increase in value.
This week, that forecast finally appeared to take shape after news of changes to GameStop’s board sent shares climbing.
On Monday, the company said it had struck a deal to add Chewy Inc. co-founder Ryan Cohen and two former executives to the GameStop board.
The announcement pushed shares up 13% on the day. On Wednesday, gains accelerated, and GameStop catapulted 57% higher, its biggest share-price jump in history. GameStop gained an additional 27% on Thursday.
On Reddit on Thursday, WallStreetBets users were celebrating GameStop’s gains. Many posted screen-shots of big wins from bullish options bets. Several talked about how they would spend their profits. One user posted that the experience demonstrates that the WallStreetBets forum “runs the market.”