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MarketWatch MarketPulseJan 21, 2021
GameStop's stock spikes up after short seller Citron cancels livestream, then pulls back
Shares of GameStop Corp. spiked higher midday trading Thursday, before erasing most of their gains, as widely followed short-seller Citron Research's planned livestream, in which five reasons to sell the video game and consumer electronics retailer's stock were expected to be highlighted, was canceled. The livestream, which was originally planned for Wednesday at 11:30 a.m. Eastern, was delayed to Thursday so as not to interfere with President Joe Biden's inauguration. But given technical difficulties, the livestream was delayed slightly, then canceled. "Too many people hacking Citron twitter, will record and post later today. $GME going to $20 buy at your own risk," Citron tweeted. The stock was trading up about 3.0% just before 11:30 a.m. ET, then spiked up as much as 14.4% to an intraday high of $44.75 as the livestream failed to proceed, before paring gains. The stock was recently up 0.9%. It has tripled (up 201.8%) over the past three months, while the S&P 500 has gained 12.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

MarketWatch MarketPulseJan 21, 2021
Vinco Ventures stock blasts nearly fivefold higher after merger deal with ZASH
Shares of Vinco Ventures Inc. are Thursday's highest fliers, soaring nearly fivefold on heavy volume after the mergers and acquisition company, focused on digital media and consumer brands, announced a merger deal with ZASH Global Media and Entertainment Corp. Vinco's stock, up 388.3% in morning trading, was the biggest gainer trading on major U.S. exchanges, and was on track for the highest close since July 2018. Trading volume exploded to 59.9 million shares, compared with the full-day average over the past 30 days of about 214,000 shares. ZASH aims to build a "virtual Hollywood," by providing its content partners with analytics and distribution technology to "ensure that consumer eyes are on their content at the right time in the right place." ZASH boasts that co-Founder Ted Farnsworth is the former chairman of MoviePass, while co-Founder Jaeson Ma was an early investor in (Tik Tok) and Triller video-sharing platforms. "The merger with ZASH and the resulting combined entity provides current and prospective business partners with the assurance of our ability to scale our production and creative services to meet their growing content creation and distribution needs," said Vinco Chief Strategy Officer Brian McFadden. Prior to Thursday's rocket ride, Vinco's stock had tumbled 35.6% over the past 12 months, while the S&P 500 had gained 15.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

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