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The latest rally in meme stocks has given AMC Entertainment and GameStop the biggest and third-largest market capitalizations among companies in the Russell 2000 index of small companies. The Russell indexes' annual reconstitution is coming up next week, so investors have been wondering it the pair might graduate into the large-cap Russell 1000 .
Were traders on the WallStreetBets subreddit right about GameStop (NYSE:GME) after all?
MarketWatch FUD media wrote: Could insider sales of meme stocks signal a coming crash in their share price? The empirical research suggests the answer is yes.
Elon Musk's repeated criticisms of bitcoin (BTC-USD) appear to have come at a cost — at least when you look at how people are feeling about him on Twitter.
Japan: Record revenue from cinemas
Cinema revenue in Japan skyrocketed to record highs in 2020, despite the coronavirus pandemic.
The animated film "Demon Slayer" "cut" most tickets in the history of the country, surpassing the record revenue of Hayao Miyazaki's film "Spirited Away" in 2001. The film had sold tickets worth over 322 billion dollars.
Japan had fewer than 300,000 cases and therefore saw its box office revenues fall just 46% last year to $ 1.27 billion, down slightly from other countries. In the United States, revenue fell 80 percent to $ 2.28 billion, with coronavirus outbreaks exceeding 21.6 million since the pandemic broke out.
In areas such as China, Australia and South Korea, where coronavirus cases have dropped significantly, analysts are expecting a recovery in box office revenue.
The Asia-Pacific region "saw" its market share increase in 2020. Although movie revenues were down from 2019 - about 70% of 2019 levels of $ 12.4 billion - this region accounted for 51% of global ticket sales. In 2019, these countries accounted for 41%, according to Comscore data and Gower Street analysis. By comparison, the same year the US and Canada accounted for 30% of global ticket sales. However, in 2020, their market share sank to 18%.
Can we expect Disney to skyrock as well?