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Yahoo
a day ago
- Business
- Yahoo
Why GameStop Corp. (GME) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where GameStop Corp. (NYSE:GME) stands against other worst-performing stocks. GameStop Corp. declined by 10.85 percent on Wednesday to finish at $31.21 apiece as investors resorted to profit-taking following three consecutive days of rally, while repositioning portfolios after pulling the trigger to buy $500 million of Bitcoins. In a statement, GameStop Corp. (NYSE:GME) said it purchased 4,710 Bitcoins as it looked to other industries to grow its business. It can be learned that GameStop Corp. (NYSE:GME) struggled to remain relevant amid the shifting consumer behavior in the gaming industry, pivoting to digital gaming purchases from physical ones. A gamer playing a game on one of the specialty retail company's gaming platforms. Meanwhile, the $500 million forms part of the company's $1.3 billion Bitcoin purchase program, an amount it planned to raise from offering convertible senior notes. It can be learned that the gaming company had already ventured into cryptocurrency in 2022 with the establishment of a now-defunct cryptocurrency wallet that sent its share prices skyrocketing for days after the launch. Overall, GME ranks 5th on our list of worst-performing stocks. While we acknowledge the potential of GME our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GME and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Why VF Corporation (VFC) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where VF Corporation (NYSE:VFC) stands against other best-performing stocks. VF Corporation saw its share prices increase by 12.92 percent on Tuesday to close at $13.55 apiece, with the rally helped buoyed by its executives' significant stake increases in the company. Chief Executive Officer Bracken Darrell, for his part, acquired more than $1 million worth of shares, covering 85,840 shares at a price of $11.73 apiece. Meanwhile, Chief Operating Officer Abhishek Dalmia, alongside another director, collectively purchased 100,000 shares in the company. A model walking down the runway wearing a fashionable and performance-based apparel designed by the company. In the fourth quarter of fiscal year 2025, VF Corporation (NYSE:VFC) narrowed its net loss by 64 percent to $151 million from $418 million registered in the same period last year. Revenues, however, dipped by 4.6 percent to $2.143 billion from $2.247 billion year-on-year. The company also declared a cash dividend of $0.09 per share, payable on June 18 to shareholders as of June 10. Overall, VFC ranks 9th on our list of best-performing stocks. While we acknowledge the potential of VFC, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VFC and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Why Wayfair Inc. (W) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where Wayfair Inc. (NYSE:W) stands against other best-performing stocks. Wayfair Inc. snapped a five-day losing streak on Tuesday, rallying 13.37 percent to end at $41.04 apiece as investors resorted to bargain-hunting to take advantage of the recent price drop. In recent news, Wayfair Inc. (NYSE:W) announced plans to expand in Yonkers, New York, through the development of a large-format retail store at Ridge Hill. It is targeted to open in early 2027. The development followed the announcement of another retail store in Atlanta, which is slated to open in 2026, as well as the recent opening of its first large-format retail store in Wilmette, Illinois. Wayfair Inc.'s (NYSE:W) brick-and-mortar expansion plans reflect the company's business optimism despite the ongoing trade tensions between the US and China, where it sources a huge chunk of its supplies. An elegant home décor with a stunning furniture piece, showcasing the company's premium online selections. In the first quarter of the year, Wayfair Inc. (NYSE:W) was able to narrow its net loss by 54 percent to $113 million from $248 million year-on-year. Net revenues, on the other hand, were flat at $2.73 billion. Overall, W ranks 7th on our list of best-performing stocks. While we acknowledge the potential of W, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than W and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
Why Hims & Hers Health Inc. (HIMS) Went Down On Tuesday
We recently published a list of In this article, we are going to take a look at where Hims & Hers Health Inc. (NYSE:HIMS) stands against other worst-performing stocks. Hims & Hers Health saw its share prices drop by 2.68 percent to close at $53.36 apiece as investors sold off positions amid the lack of catalyst to boost buying appetite. Just recently, Hims & Hers Health Inc. (NYSE:HIMS) announced a new promotion for the blockbuster weight loss drug Wegovy. According to the company, eligible customers are now able to access six months of 'prescription-only' Wegovy at a new and affordable price for $549 per month. The promotion is currently offered for a limited time. It can be learned that Wegovy was among the drugs that Hims & Hers Health Inc. (NYSE:HIMS) created a knockoff version following the supply shortage over the past few years. A nurse in a telehealth platform talking with a patient on video call for consultation. In the first quarter of the year, Hims & Hers Health Inc. (NYSE:HIMS) said net income expanded by 344 percent to $49.48 million from the $11.13 million registered in the same period last year. Revenues increased by 111 percent to $586 million from $278 million year-on-year. Overall, HIMS ranks 10th on our list of worst-performing stocks. While we acknowledge the potential of HIMS, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HIMS and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
CSX Corporation (CSX): It's Important To Know How The Firm Is Doing, Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where CSX Corporation (NASDAQ:CSX) stands against other stocks that Jim Cramer discusses. CSX Corporation (NASDAQ:CSX) is one of the largest railroad companies in America. The firm's stock performance depends on economic activity and is down by 4% year-to-date. However, CSX Corporation (NASDAQ:CSX)'s shares have gained 7% since early May. The shares have benefited from a broader rally in railroad stocks that kicked off at the start of the month. The stocks gained after trade tensions between the US and China appeared to thaw and investors bet on railroads on the promise of greater economic activity. Cramer's previous comments about CSX Corporation (NASDAQ:CSX) remarked that investors appeared to forgive the firm for weak performance. Here are his recent remarks: 'And then Joe Hinrichs from CSX. I mean we have to know what the rail's are saying. Because again I think that April's a weak month. And we're gonna have to, a lot of these quarters that we're hearing they ended at March. March was still good because of pre Liberation Day.' A freight train moving through a rural landscape, its engine and numerous rail cars carrying the company's cargo. River Road Asset Management mentioned CSX Corporation (NASDAQ:CSX) in its Q4 2024 investor letter. Here is what the firm said: 'As of December 31, the portfolio held 29 positions, up four positions from Q3. During Q4, the largest sector increase was 736 bps within industrials, while the largest decrease was -276 bps within consumer discretionary. We established five new positions and eliminated one position Overall, CSX ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CSX, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
