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By Manya Saini, Suzanne McGee and Saqib Iqbal Ahmed (Reuters) -GameStop’s shares jumped on Thursday after a cryptic post from meme stock influencer Keith Gill, who shot to notoriety after his online personas and bullish bets on the video game retailer sparked a trading frenzy among mom-and-pop investors. Gill posted a picture resembling a Time magazine cover from 2006 with a computer screen on social media platform X. Following his post, GameStop’s shares spiked and traded as high as $30.87. The stock closed up 6%. Known as “Roaring Kitty” on YouTube and “DeepF***ingValue” on Reddit’s popular WallStreetBets, Gill was a key figure in the so-called “Reddit rally”, in which GameStop stock surged 1,600% at one point in Jan. 2021, crushing hedge funds that had bet against the videogame retailer. Steve Sosnick, chief strategist at Interactive Brokers, noted that this is characteristic of a pattern that has evolved in the trading of GameStop: the stock’s price will rally, then when it settles down a bit or retreats, Gill’s “Roaring Kitty” persona tends to emerge with a social media post. “We’ve seen that pattern again recently; the stock was at $21 earlier in November but then rallied to $30 or so around Thanksgiving, only to give back most of those gains over the last couple of days.” On Thursday, about 300,000 GameStop options contracts had changed hands by 2:14 p.m. (1914 GMT), at about 1.5 times the usual pace, according to data from options analytics firm Trade Alert. The stock’s 30-day implied volatility — how much traders expect the shares to move around over the short term — jumped to a 3-week high of 132%, up from 93% in the previous session, data showed. Contracts betting on the shares finishing above $30 by Friday were the most actively traded options, with some 32,000 of them traded by late afternoon. ‘ANIMAL SPIRITS’ Gill resurfaced on social media earlier in 2024, after a three-year hiatus leading to a deluge of excited messages from his followers, many of whom have likened the social media phenomenon to a David who took on Wall Street’s Goliaths and won. “The re-emergence of the popularity of meme stocks tends to follow any general resurgence in market enthusiasm and animal spirits,” said Art Hogan, market strategist at B. Riley Wealth Management. “Whenever markets are at or near all-time highs, that particular part of the speculative side of stocks tends to pop up again.” The meme stock rally in 2021 was set off by Gill’s posts on WallStreetBets subreddit about the gains he had made on his investments in the highly shorted firm. The rally spread to other highly shorted stocks including AMC Entertainment as Reddit users banded together to squeeze bearish hedge funds, costing them billions in losses and drawing scrutiny from U.S. regulators. The entire episode inspired Craig Gillespie’s 2023 movie “Dumb Money”. Other so-called meme stocks also traded higher on Thursday after Gill’s post. Shares of Unity Software closed up 5%, while cinema chain AMC, another darling of retail investors from 2021, climbed 6%. “It wouldn’t surprise me if the faithful haven’t been distracted by other things. Crypto has stolen GameStop’s thunder recently,” Sosnick said. The video game retailer’s stock is up around 76% so far this year. Meanwhile, bitcoin has surged more than 130% and surpassed the $100,000 mark earlier on Thursday, fueled by optimism over easing regulatory headwinds, in what is a stunning rally for the world’s largest cryptocurrency. (Reporting by Manya Saini in Bengaluru, Suzanne McGee in Providence, Rhode Island and Saqib Iqbal Ahmed in New York; Editing by Alan Barona) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
Smith's career-high 205 yards rushing carries San Diego past Morehead State 37-14Taxpayers picked up a tab of almost £30million to subsidise Parliament's restaurants and barsLINCOLN — Young men, start your engines. Rev ‘em up, too. You’re the 2025 Nebraska football recruiting class — 20 strong — and probably should have been the story of NU’s Signing Day press conference. But you were at least the third story, and maybe fourth, behind the coaches who left, the ex-Huskers who hit the transfer portal and perhaps the players your school might take from the transfer portal. When you started high school, back in 2021, there was still some pageantry around this day, in late December though it may have been. Now, first week of December, you’re practically a doctor’s appointment squeezed into a Wednesday afternoon. You’re rookies in a sea of perpetual free agents. Most of you are enrolling early and that’s a good thing; the quicker you learn the playbook and hit the weight room, the better chance you’ll have to impress coaches. Coach Matt Rhule thinks you’ll succeed in that effort, as well. He likes you guys. For a couple of you, Dawson Merritt and Cortez Mills, he and his staff kept going back to the well again and again to flip you from Alabama and Oklahoma, respectively. How often does Nebraska beat those two schools for any recruit? This could be one of the strongest Husker recruiting classes in years. “We’ve got some guys who can come in and play early,” Rhule said, “because this class is going to have to come in and play early.” Hear that? He means it. Rhule has playing time to offer. For the 2025 team to win big, some of you have to step into major roles. On defense, so many seniors exhausted their eligibility, and so many other guys hit the transfer portal, that the coaches will be choosing between, say, sophomores, redshirt freshmen and, well, you. On offense, your coordinator is Dana Holgorsen, and he surely doesn’t care how old you are. At the skill spots, he’ll play whoever competes the best. Of course, he also said on NU’s in-house Signing Day special that he’s bringing “20 or 30” transfers in for visits and selecting the best from that pool. Maybe Holgo’s exaggerating. Do you want to test him? So you need to impress these guys. In an era of revenue sharing, NIL and unlimited transfers, you might get two spring camps to develop on a roster before you’re asked to be a key contributor. Three, maybe, if you’re a quarterback or a raw offensive tackle. After that, you’re a revenue-sharing dollar figure on a spreadsheet that might be replaced by another rookie — or transfer. Yeah, it is cutthroat. This isn’t 1986. Or even 2006, perhaps the golden age of the prep recruiting era, when the recruiting sites got big, the all-star games got max publicity, ESPN had a big blowout special in early February and drama practically dragged into the start of the next spring camp. It was hard to transfer back then even once, particularly if the coach wanted to block your release or you didn’t have a redshirt season to sit out one year of eligibility. In 2006, if seven guys left in December, before a bowl game, it was a mass exodus — cause for concern at the health of the program. In 2024, seven guys leaving is called “Monday and Tuesday.” And here you are in the midst of the chaos, not knowing for sure what the college football system will look like in 2025, much less 2027. You probably wouldn’t have teed it up this way. But here’s your swing. Over the next nine months, you’d be wise to make an impression. Good thing you can, Dawson Merritt. Nebraska needs a versatile edge rusher who can drop into coverage, and Princewill Umanmielen, athletic as he may be, did not quite develop into that guy before hitting the transfer portal. Ditto, Christian Jones. You looked the part at linebacker for years leading the state’s best defense, and Mikai Gbayor just hit the transfer portal. Can you step into a role quickly? Same for you, Jamarion Parker. At running back, you can turn an eight-yard run into an 80-yarder, and that’s a skill Nebraska sorely needs. Malcolm Simpson and Kade Pietrzak, you’ve seen this program is unafraid to plug a freshman defensive lineman into a game. Your frames seem sturdy enough to play. Cortez Mills and Isaiah Mozee, you’re four-star receivers who flashed electric run-after-the-catch skills in high school. Bring those to campus like Jacory Barney did, and you might play as much as Jacory Barney has. TJ Lateef, you’re a quarterback and may have to wait your turn behind Dylan Raiola, but you’ll likely be doing so as Raiola’s backup, given Rhule’s openness to moving Heinrich Haarberg to different spots. Some of you need time with the nutrition and weight staffs — 18-year-old tackles rarely walk into a program ready to block 23-year-olds — but those guys are the exception at every school. Most of you will play, or transfer, by this rule: When you’re getting compensated more than anyone 10 years ago could have imagined, the standards for keeping that salary rapidly change. You’re a recruiting class full of promise and opportunity. You’ll face a heap of the other thing, too, though. “There’s bunch of these guys we expect to play,” Rhule said. “You don’t want to put that on the guys until they get here, but I want them to have the expectation.” Even if you don’t, the coaches will. Get local news delivered to your inbox!
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AP Trending SummaryBrief at 6:13 p.m. ESTEvery Black Friday, there’s a number of viral products that everyone has on their Christmas wish list, and we don’t expect this year to be any different. However, not all of these popular items are going to stay in stock, and we have some insight on the ones that won’t. Black Friday is big business, and last year shoppers spent $222.1 billion during the entire holiday shopping season, according to Queue-it. Sales on Black Friday reached $16.4 billion (online and in stores), and this was a 9% increase from the year before. While it comes as no surprise that electronics are the most sought-after products of the holiday season, Queue-it said this accounts for the majority of holiday sales, jumping to $50.8 billion in 2023. Apparel, furniture, groceries and toys are the other hot sellers of Black Friday. Together, these five categories accounted for 65% of sales during the holidays last year and is only expected to grow in 2024. While many items that sell out over Black Friday are driven by a good deal, we also know that a hot product is just that — a gift that most people want to open on Christmas Day. So, here are our picks for the top 10 hot-ticket items that could sell out over Black Friday. The holidays are ripe for TV deals, and we expect shoppers to buy a ton of them in 2024, especially at Walmart. Consumers are trending toward bigger TVs and the super low-price deals over Black Friday force many models to sell out. This is especially true of popular models from Samsung, Hisense, LG and more favorites. Apple's smartwatches are a top pick among Apple fans. We’ve seen prices on the Apple Watch continue to trend downward, which was only spurred by the release of the new Apple Watch 10 in September. This pushed down prices on earlier models, with the best deals coming on the Apple Watch SE and Apple Watch 9. For Black Friday, we think the prices will drop even lower and sell out due to high demand. Wireless headphones are one of the most popular products of 2024, and Beats are one of the top brands. We’re already seeing big markdowns on Beats Wireless Headphones, and we expect these price drops to continue into Black Friday. The Beats Solo3 is likely to be on sale for even cheaper than we’ve already seen, and we think they will sell out for Black Friday, with the possibility of other popular Beats headphones joining them. If you haven’t picked up a pair of Apple AirPods yet, this could be your year to do it. With Apple launching a fourth generation of AirPods earlier this year, the price on prevvious models are creeping lower. We think over Black Friday they’ll be at their cheapest price ever, with the AirPods (3rd Gen) likely to sell out. Bluetooth speakers are a must-have for many this year, and with the big sound that comes from JBL’s speakers, it’s easy to see why they might sell out for Black Friday. These popular speakers come in a variety of portable sizes and waterproof designs. We expect big deals on JBL’s top-rated Clip 5 and Flip 6 Bluetooth speaker models. One of Apple’s most sought-after products of the year was the iPad, and we saw the 9th Gen and 10th Gen models drop to their lowest prices ever. We think this year will bring some iPad bliss with even better discounts, but these deals will disappear just as fast as they arrive. We think that mega discounts on the iPad (9th Gen) and iPad (10th Gen) could cause sell outs, especially on Amazon. The Dyson Airwrap just might be the top product of Black Friday, as this is one of the rare times there’s a discount on the beloved hair styling tool. At $600, the Airwrap carries a hefty price tag, so any discount presented is a welcome surprise. But as we’ve seen in the past, any Black Friday deal on the Dyson Airwrap causes a crush of interest that’s followed by a sell out. If you’ve tried to scoop up the UGG Tasman Slippers in previous years, you already know they never stay in stock for long. As the “it” slipper of the holiday season, UGG’s Tasman sells out multiple times over the holidays, even without a discount offered. We think that this year will be similar, with popular sizes and colors of the Tasman Slipper snatched up fast over Black Friday. The Bissell Little Green carpet cleaner is a popular home product that just can’t seem to stay in stock. With prices falling under $90, this mighty machine can be a blessing for pet owners and parents, as its compact size makes it easy to store and use when needed. We’ve seen the Little Green Machine sell out before, and we’d be surprised if it didn’t do it again over Black Friday. We’d be remiss if we didn’t include a top toy that we think will be hard to find and gift this year. Our pick is the Furby Galaxy Edition. This glow-in-the-dark Furby is based on the original Furby from the late ’90s with even more features, interactive modes and more fun. Making a comeback in 2023, we saw the revival of this popular toy sell out last year, and we expect the new Furby Galaxy Edition to do the same. Receive the latest in local entertainment news in your inbox weekly!
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