Point72 loses 10%-15% so far in January….regulators looking at day-trading frenzy

Steve Cohen’s Point72 Asset Management has lost 10%-15% so far in January, reports Bloomberg News. Point72 tried to stabilize Melvin [Read More]
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Shares of AMC surge more than 377% in pre-market trading as retail investors continue their mania

Shares of heavily-shorted AMC Entertainment, the movie theater operator, have surged over 377% in pre-market trading today to $23.52 on [Read More]
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Plotkin closes out short position in GameStop while Left covers most of his short position

Gabe Plotkin’s Melvin Capital closed out his short GameStop position on Tuesday afternoon with huge losses. In a CNBC interview, [Read More]
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Sightings….

Dan Parker, deputy chief investment officer at  the $1.2 billion Texas Tech University endowment, is stepping down after four years. [Read More]
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Citadel and Point72 attempt to stabilize Melvin Capital with cash influx

Gabe Plotkin’s Melvin Capital, which has lost 30% year-to-date due to a number of broad-based short positions, is receiving $2 [Read More]
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