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GameStop soars 20% as short-squeeze rally charges into 2nd day

11 days ago   |   By Business Insider

Mairo Cinquetti/NurPhoto/Getty Images
GameStop soared as much as 20% on Thursday as more short-sellers closed positions and ran for the exit. The company's Monday announcement that it would add activist members to its board kicked off a rally that's left shareholders cheering and squeezed shorts out of their bearish bets. The scale to which short-sellers were targeting GameStop likely exacerbated the squeeze. Short interest in GameStop shares reached 135% on January 5, according to S3 Partners data. The leap comes after the video-game retailer scored a 57.4% gain on Wednesday that pushed...
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Target has announced, 10 months in advance, that it will close all its stores on Thanksgiving Day 2021

11 days ago   |   By Business Insider

A Target store in Culver City, California on Black Friday 2016.
Mark Ralston/AFP via Getty Images
The response to Thanksgiving Day store closures in 2020 was "so positive" that Target's doing it again.
Stores will be closed all day on Thanksgiving Day 2021, it announced Wednesday, 10 months in advance.
It introduced the policy in 2020 to minimize crowds and make shopping less stressful.
Visit Business Insider's homepage for more stories .
Target will close its stores on Thanksgiving Day 2021, it announced Wednesday - more than 10 months ahead of the date. Target was among the major US...
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