Source: Sheila Fitzgerald/shutterstock.com Shares of Party City (NYSE:PRTY) stock are trending and up 10% today after the retailer filed for Chapter 11 bankruptcy protection from its creditors. The bankruptcy filing comes as retail investors are trying to execute a short squeeze on PRTY stock. The Chapter 11 filing has been long rumored and anticipated, and…

Source: Christopher Penler / Shutterstock.com Virgin Galactic (NASDAQ:SPCE) stock is jumping 14% in early trading after the space-tourism company reiterated that it expects its flights to begin in the second quarter of this year. Additionally, the company announced that Swami Iyer, its president of aerospace systems, had stepped down from his position as of yesterday.…

Source: Sheila Fitzgerald/shutterstock.com One of the worst performers of 2023 until today, Party City (NYSE:PRTY) stock has been pretty disappointing for investors. Declining more than 95% over the past 12 months, shares have seen a peak-to-trough decline of over 60% just in 2023. That said, this party retailer is recovering some of those losses today, currently…

2022 was a terrible year for the stock market. Fortunately for 2023, news of lower interest rate hikes hints at a new bull market. However, with this renewed vigor, investors should look at which companies they should offload before they crash further, especially penny stocks. So I took a quick look at which penny stocks…

Source: Roman Tiraspolsky / Shutterstock.com Party City (NYSE:PRTY) is the latest company to announce layoffs as it prepares to cut 19% of its workforce. The holiday retailer announced that it will achieve this goal by laying off employees and not filling open positions. This follows its earnings for the third quarter of 2022, which saw…

Source: Shutterstock IceCure Medical (NASDAQ:ICCM) stock is taking off on Tuesday as investors react to an update for Medicare coverage of breast cancer patients. The big news investors need to know about is the Centers for Medicare & Medicaid Services assigning ProSense “CPT Category III code 0581T to ambulatory payment classification 5091, Level 1 Breast/Lymphatic…

Source: Roman Tiraspolsky / Shutterstock.com Party City (NYSE:PRTY) stock isn’t doing so hot on Tuesday after posting results from its Halloween quarter. While the third quarter is typically a strong period for PRTY stock, the company reported adjusted earnings per share of -$1.39. That’s a massive disappointment next to Wall Street’s estimate of -10 cents…

There’s been plenty of talk about GameStop (NYSE:GME) stock going to the moon in 2021. At the same time, there’s been plenty of people pounding the table that the stock is overvalued. Source: Northfoto / Shutterstock.com For sure, GME stock is overvalued compared to where it was just a year ago. The stock is up…