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Heavily shorted Wendy's stock is soaring for the second day in a row after capturing the attention of retail investors on Reddit.

Owning shares in a floundering company is psychological torture. The person answering them might be a superstar CEO like Steve Jobs or a takeover artist like Carl Icahn. GameStop had the same gain in six weeks that Apple did in the first 10 years with Jobs back at the helm.

GameStop Corp (NYSE:GME)'s board has scrapped a proposed CEO performance award after a request from CEO Ryan Cohen, who said he wants leadership focused on the company's operating performance and its pursuit of online marketplace eBay. The award, approved in January 2026, would have paid...

Heavily shorted Wendy's stock is soaring after gaining traction on Reddit. The rally suggest a short squeeze is in action.

Wendy’s shares soared more than 20% today as the restaurant chain got attention from retail investors, who rallied behind the stock on social media. Users poured into a Reddit forum called “WallStreetBets”–known for sparking huge rallies of other so-called meme-stock trades like GameStop–yesterday evening with messages like, “We need to save Wendy’s before it’s too late.

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The proposed CEO Performance Award was a large stock option package for Ryan Cohen that GameStop’s board approved in January 2026.

Investing.com -- GameStop Corp. said Tuesday its board has approved Chairman and CEO Ryan Cohen's request to withdraw a proposed CEO Performance Award from the company's proxy statement as the retailer shifts focus to its planned acquisition of eBay Inc.

Ryan Cohen, the billionaire CEO of GameStop, will not receive a potential performance award from ‌the videogame retailer and plans to unveil more details ‌about his bid to takeover eBay soon, the company said on Tuesday. GameStop unveiled ​a compensation package worth roughly $35 billion for Cohen in January, hinging on a turnaround that requires him to lift the struggling company's market value more than tenfold and sharply boost its profit. EBay ‌rejected a $56 billion takeover ⁠bid from the much smaller GameStop in May, citing financing doubts and calling the proposal "neither credible ⁠nor attractive."

Dave & Buster’s CEO pointed to weak consumer spending, while retail traders criticized leadership following results.

GameStop (NYSE:GME) has reinvented itself into a cash-rich holding company rather than a brick-and-mortar gaming retailer, and the market is still struggling to price what that means. After a blowout Q1 FY26 report, neutral retail sentiment, and a deep disconnect with traditional Wall Street coverage, my model sees meaningful upside from current levels. The 24/7 ... GameStop Surges on Q1 Beat, $2B Buyback, $39 Target

Nasdaq, S&P 500 and Dow Jones indices all ended the week ending June 5, lower.

The athletic retailer’s performance business needs to grow up to 25% to hit guidance, according to analysts, while the game company reported the highest quarterly net income in its history.

GameStop Corp. (NYSE:GME) is one of the 10 Stocks With Remarkable Resilience. GameStop grew its share prices by 6.02 percent on Wednesday to close at $22.18 apiece, as investors took heart from its stellar earnings performance in the first quarter of fiscal year 2026. In a statement, GameStop Corp. (NYSE:GME) said that it grew its […]

Yahoo Finance's Julie Hyman takes a closer look at two of Wednesday's trending stories. GameStop (GME) reported first quarter earnings, posting its highest profit ever and growing revenue. IREN (IREN) stock is in focus after the company signed a deal to support an artificial intelligence (AI) data center campus in Australia.

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On this episode of Stock Movers with John Tucker: - Macy's (M) shares are on the move after it lifted its sales outlook for the year, a sign that the company's focus on growing its luxury business and improving its assortment is paying off. - GameStop (GME) shares are climbing after the video-game retailer reported a record quarterly profit driven by its collectibles business. Sales overall climbed 14% to $835.3 million. Net income of $389.6 million was the highest ever for a quarter in the company's history, GameStop said in a regulatory filing Tuesday. - Palo Alto (PANW) shares are dropping as the security software company reported results following a 61% year-to-date rally. The company reported third-quarter results that beat the average analyst expectation and raised its full-year forecast for key metrics, but failed to meet elevated buyside expectations.

Net income climbed to $389.6m from $44.8m, boosted in part by an unrealised gain on derivative asset of $268.4m, reflecting put and call option transactions linked to eBay common stock.

Investors turned bullish on the meme stock following solid Q1 earnings and a new $2 billion buyback, with the eBay buyout offer still on the table.

Collectibles sales surged to nearly 42% of total revenue as net income rose to $389.6 million, the highest in company history

June S&P 500 E-Mini futures (ESM26) are trending down -0.05% this morning as oil prices and bond yields climbed after the U.S. and Iran exchanged heavy fire in the Persian Gulf.

Japan’s Nikkei 225 index topped 68,000 for the first time on Wednesday after U.S. stocks pushed further into record territory. The dollar briefly surpassed 160 Japanese yen before slipping back slightly. Buying of technology shares linked to the boom in artificial intelligence has been driving rallies worldwide.

GameStop reported a higher profit in the first quarter and said its board approved a $2 billion stock buyback authorization. Stripping out certain one-time items, GameStop reported adjusted earnings of 30 cents a share. GameStop also said its board approved a $2 billion stock buyback authorization.

GameStop may not have successfully courted eBay but the retailer reported its biggest quarter on record. GameStop on Tuesday reported net income of $389.6 million, with operating income up to $143.3 million. The company said that’s the highest quarterly net income on record and its highest operating income in a first-quarter.

GameStop ‌on ‌Tuesday reported a ​14% rise in quarterly ‌revenue ⁠and said its ⁠board has ​approved ​a ​new $2 billion ‌share repurchase program. Shares of the ‌company ​jumped ​9% ​in ‌extended trading.

GameStop CEO Ryan Cohen shared few details when he said he would do "whatever we need to do" to buy eBay after the e-commerce company rejected his $56 billion unsolicited takeover bid as "neither credible nor attractive." In early May, Cohen offered eBay's board $125 a share as well as his services as CEO. Half the offer was in cash and half in stock, with the cash portion ‌coming from GameStop's $9.4 billion in cash reserves.

GameStop asked its shareholders to approve an increase in its share count. The video game retailer made the request in a Friday letter to shareholders, in which the company's board also proposed giving its chief executive, Ryan Cohen, a 100% performance-based option award. "A reserve of authorized shares ensures GameStop can act decisively when the right opportunity arises," the company said in the letter.

Investing.com -- GameStop has increased its stake in eBay to approximately 6.6% from around 5%, according to a regulatory filing with the U.S. Securities and Exchange Commission on Wednesday.

GameStop has increased its stake in eBay to ‌about 6.55%, the videogame retailer ‌disclosed in a filing on Tuesday, days ​after the e-commerce company rejected its $56 billion takeover bid. GameStop previously owned around a 5% stake in eBay and ‌some analysts said ⁠its CEO Ryan Cohen could eventually push for a ⁠special shareholder meeting or seek board representation more supportive of his ​proposal. In an ​interview with journalist ​Piers Morgan last ‌week, Cohen had said eBay's board had a responsibility to engage with his offer in the best interests of shareholders, adding that "we'll do ‌whatever we need to ​do" if it failed ​to ​do so.

GameStop said in a filing last night that it now controls the equivalent of 6.55% of the company’s outstanding shares, up from around 5%, as it keeps trying to take over the e-commerce business. Shares in both GameStop and eBay are little changed in premarket trading.