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How And Why Did The Stock Market Crack This Week?
Friday, January 29, 2021 - 5:01pm | 1598During one of the most intense earnings weeks of the season, all of Wall Street and most of America has been focused on another incredible investing drama unfolding on an hour-by-hour basis. The WallStreetBets Reddit community sent shares of stocks like GameStop Corp. (NYSE: GME) and AMC...
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'The Little Guy Won': PreMarket Prep Breaks Down The Retail Squeeze, Shorts Running Scared And More
Wednesday, January 27, 2021 - 1:20pm | 962The S&P 500 dropped 1.3% on Wednesday morning, while shares of video game retailer GameStop Corp. (NYSE: GME) and other highly shorted stocks once again skyrocketed. Broken Pricing Mechanism: On Wednesday morning’s Benzinga PreMarket Prep show, co-host Dennis Dick discussed the crazy...
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'Peak Stupidity': The End Of The GameStop Short Squeeze Trade?
Monday, January 25, 2021 - 1:46pm | 896A handful of heavily shorted stocks experienced extremely volatile trading on Monday morning, leading some experts to speculate the 2021 short squeeze trade may have finally run out of steam. The poster child of the short squeeze trade, video game retailer GameStop Corp. (NYSE: GME), traded as high...
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GameStop's Power Surge: Will WallStreetBets Or The Short Sellers Come Out On Top?
Friday, January 22, 2021 - 4:45pm | 1128GameStop Corp. (NYSE: GME) shares soared another 40% on Friday to a new all-time high, and a spat between GameStop short seller Citron Research and an army of speculative online GameStop traders appears to have gotten personal. Left’s Allegations: On Friday, Citron editor Andrew Left tweeted...
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Watch PreMarket Prep's Best Moments Of 2020
Thursday, December 31, 2020 - 3:22pm | 298It's been an unimaginably strange year across the board. At PreMarket Prep, we decided to look back at some of our best moments of the year. From a once-in-a-lifetime prediction on XpresSpa Group Inc (NASDAQ: XSPA) by our CEO, to the first mention of the SPAC that would become Nikola...
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What Traders Need To Know About The Historic S&P 500, Nasdaq 100 Rebalancing
Wednesday, December 16, 2020 - 6:10pm | 984Traders will be looking out for some major volatility in the markets in the coming days as part of significant rebalancing in both the S&P 500 and the Nasdaq 100. What Is Rebalancing? S&P Global and Nasdaq Inc (NASDAQ: NDAQ) adjust the constituents of their popular S&P 500 and Nasdaq...
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No, The Stock Tesla Is Replacing In The S&P 500 Is Not Down 85%
Tuesday, December 15, 2020 - 12:20pm | 414Apartment Investment and Management Co (NYSE: AIV) shares traded lower by 85.7% on Tuesday ahead of the stock being kicked from the S&P 500 and replaced by Tesla Inc (NASDAQ: TSLA) next Monday. But while it may seem at first glance that institutional investors are dumping the stock in droves,...
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DoorDash's Valuation Already Raising Some Eyebrows
Wednesday, December 9, 2020 - 4:21pm | 532One of the most highly anticipated IPOs of 2020 hit the ground running Wednesday, but DoorDash's eye-popping valuation out of the gate is already raising some eyebrows. What Happened? Food delivery service DoorDash Inc (NYSE: DASH) priced its IPO shares at $102 on Tuesday night, above the...
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Kodak Had Some Very Suspicious Trading Activity Ahead Of Drug News
Tuesday, July 28, 2020 - 3:30pm | 622Eastman Kodak Company (NYSE: KODK) shares skyrocketed 222% on Tuesday after the company announced it's pivoting to drug ingredient development and announced a large government loan. Benzinga's PreMarket Prep co-host Dennis Dick said on Tuesday morning’s show that he noticed some...
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How Market Fragmentation Hurts The Retail Trader
Friday, July 24, 2020 - 3:47pm | 797Stock market fragmentation is a hot topic of debate on Wall Street, but Benzinga’s PreMarket Prep co-host Dennis Dick said Friday that he’s getting increasingly frustrated with trading in such a fragmented market. Fragmentation refers to the fact that there are 13 exchanges and more...
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Why The Tesla S&P 500 Trade Has Become 'Too Crowded'
Thursday, July 23, 2020 - 3:52pm | 642Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...
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PreMarket Prep's Exclusive Tuesday Morning Tesla Trade Was A Big Winner
Tuesday, July 14, 2020 - 2:30pm | 916Tesla Inc (NASDAQ: TSLA) has become the latest Wall Street mania stock, making huge moves on a daily basis despite a lack of any meaningful fundamental news from the company. Tesla seems to be trading mostly on momentum and technicals these days, and Benzinga’s PreMarket Prep co-host Dennis...
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Exclusive Tesla Buying Opportunity Presented On Benzinga's PreMarket Prep Trading Show
Monday, July 13, 2020 - 11:31am | 499On Friday, July 10, Benzinga's founder and CEO Jason Raznick analyzed on Benzinga's PreMarket Prep trading show potential buying opportunities in Tesla Inc (NASDAQ: TSLA), given the recent run-up and existing market dynamics. Raznick told listeners he received a message from...
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Why Shopify — And Not Zoom — Is The Stock To Chase Right Now
Tuesday, June 2, 2020 - 5:48pm | 530Many tech stocks have been incredibly strong this past couple of months, and PreMarket Prep co-host Dennis Dick isn't confident enough to chase any of them. Except, that is, for Shopify Inc (NYSE: SHOP). The Canadian e-commerce platform surged 140% from April to early May, making it one of...
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NYSE To Reopen Trading Floor On Limited Basis
Tuesday, May 26, 2020 - 11:06am | 505The New York Stock Exchange and its owner Intercontinental Exchange Inc (NYSE: ICE) are opening the NYSE trading floor back up to traders Tuesday for the first time in over two months. The NYSE is taking substantial precautions to ensure it is complying with social distancing requirements and...