Credit Suisse Warns Investors of Naked Short Covering
The SEC released Credit Suisse’s 6-K filing where the bank warns investors of potential losses due to naked short covering, more on that below. Credit Suisse (CS) took a massive hit of $4.09 billion in Q3 and hints at occurring losses in an upturn…
Cineworld Stock Trades Above Movie Industry Leader AMC
Cineworld’s stock price jumped on Tuesday after it received approval to tap into a $1 billion fund after settling with its landlords. A U.S. bankruptcy judge granted Cineworld Group, the parent company of Regal Cinemas, access to more than $1…
GME Stock Sees a Massive Increase in Trading Volume
GME stock saw a massive increase in trading volume on Monday when the stock jumped to nearly $35 per share. The surge came after S3 Partners CEO announced GME stock could go parabolic if it rose to $30 per share. GameStop was halted twice on Monday after…
S3 Partners CEO Says GME Stock May Squeeze Again
S3 Partners CEO Bob Sloan said in an interview with Yahoo Finance that if GME stock goes above $30, “you could see something parabolic”. Yahoo Finance asks the CEO if there is enough short activity or short volume in GameStop’s float to…
Credit Suisse Shares Are Now Worth Less Than AMC
Credit Suisse shares are now worth less than AMC shares and mainstream media is nowhere in sight urging investors to sell the bank’s stock. On the contrary, the bank is predicting AMC shares are headed towards 95 cents per share and claims…
