Melvin Capital

GameStop Corporation (NYSE:GME) could be pushing deeper into its bets on trading cards and grading services with a new board appointment. What Happened: Nat Turner officially joined the video game retailer’s board of directors. The decision expands the number of board members from five to six...

Citron Research founder and short seller Andrew Left famously bet against GameStop Corporation (NYSE:GME) in 2021. The short seller told Benzinga Thursday he is once again betting against GameStop with the recent increase in the share price. What Happened: Left was a central player in the short...

Shares of GameStop Corporation (NYSE:GME) are soaring Monday with the return of one of the key figures who helped bring attention to the video game retail stock. What Happened: After a three-year hiatus on social media platform X (formerly known as Twitter), the account of Roaring Kitty has...

"Dumb Money" — a movie that depicts the events surrounding the GameStop Corp (NYSE: GME) meme stock sage — hits theaters in limited release this week, with a national expansion coming on Sept. 22. One of the central characters portrayed in the film claims he got changes made,...

A highly anticipated movie that features one of the most infamous stock market storylines of the last decade has revealed more details of its cast and released a first trailer. What Happened: A fierce battle between retail traders and hedge funds will be chronicled on the big screen with the...

Legendary NBA player Michael Jordan is selling his majority stake in the Charlotte Hornets. The sale ends the post NBA playing chapter for Jordan and also represents a huge return on investment. Here’s a look at the history of his NBA team ownership and how the sale relates to his NBA salary...

Citadel Securities founder Ken Griffin's $50 million bet on a candidate in the Republican gubernatorial primary in Illinois has not paid off. What Happened: Aurora, Illinois, Mayor Richard Irvin lost to State Sen. Darren Bailey on Tuesday night, reported NBC 5...

Melvin Capital, the hedge fund at the center of the GameStop Corporation (NYSE: GME) short squeeze saga, will shut down, Reuters reported on Wednesday. What Happened: Melvin Chief Investment Officer Gabriel Plotkin said in a letter that the last 17 months have been an “incredibly...

Naked shorting is the illegal practice of short-selling shares that have not been affirmatively determined to exist. A naked short means a trader believes the future value of the stock will be worth so much less than its current value that they ask a broker to lend them artificial shares to further...

GameStop Corp. (NYSE: GME) short seller Melvin Capital Management LP ended the first half of 2021 with a loss of 46%, Bloomberg reported Thursday, citing people familiar with the matter. What Happened: Founded in 2014 by Gabe Plotkin, a former portfolio manager for Steve Cohen, Melvin Capital was...

Hedge fund Melvin Capital Management LP’s year-to-date losses have widened to more than 44% after the recent surge in Reddit-favorite stocks such as GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC), the Financial Times reported Thursday, citing people familiar with...

Hedge fund Melvin Capital Management LP, which was at the heart of the GameStop Corp. (NYSE: GME) short squeeze frenzy earlier this year, closed out of all its public bearish positions in the first quarter. What Happened: Melvin Capital exited all of its listed put options during the...

The CEOs of Reddit, Robinhood, Citadel Securities and Melvin Capital testified in front of the House Financial Services Committee on Thursday as part of a Congressional inquiry into extreme volatility in GameStop — and Robinhood’s decision to temporarily limit buying of so-called...

On Thursday, the House Financial Services Committee committee held a special hearing to attempt to sort through the stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood, hedge fund Citadel Securities and stocks like GameStop Corp. (NYSE: GME) that recently...

On Thursday, a Congressional committee will attempt to sort through the stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood, hedge fund Citadel Securities and stocks like GameStop Corp. (NYSE: GME) that recently experienced extreme surges in volatility. The House...