GameStop Stock Has Rocketed 60% in May. Short Squeezes and Meme Mania Are Back.
Barron s Online · 20 hours ago
EB Games
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- 17.46Add to watchlist-0.55 (-3.05%)At close: Fri. May 10, 2024 4:00 PM EDT · Delayed Quote (USD) · Market closed
- Open17.93High20.20Low16.88
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Now the stock is up 67%. Zero news from the company. No real reason for the climb. Shills out in force, media ignoring Gamestop's rise. But. Over on the other sub, DLauer created a Verified GME Holder Community. You can join anonymously, and actually verify shares you own in brokerages, IRA's, etc.
Related article AMC is today's GameStop. A Reddit mob sent its stock more than 200% higher. The GameStop stock surge began for a legitimate reason: The company announced on January 11 it had added ...
Game Stop is a store that many business investors looked and and saw it as struggling. On the brink of totally failing. So a lot of people with loads of money and loads of connections were trying to short sell its stocks, because they were betting Game Stop's value would go down soon, by a lot.
Jan 29, 2021 · How Reddit and WallStreetBets drove up GameStop’s stock price, forcing short sellers to cover their bets and sparking a debate over retail investing. Learn the basics of the story, the business case for GameStop, and the challenges of the market.
gme has a $4.1 billion market cap. $1.1 billion of that is in cash. This means a quarter of our share price is cash on hand. No debt. Over $5 billion in annual sales. Successful turnaround to first profitable quarter and annual in years. More than 25% of float locked away by household investors in DRS and out of the hands of manipulation (we ...
Jan 27, 2021 · Reddit and retail investors are betting against Wall Street institutions and driving up GameStop's share price, which is now over $300. The war between the two groups is a high-stakes gamble with theoretically infinite losses and gains, and it's not clear how it will end.
Jan 27, 2021 · A GameStop store is seen in St. Louis, May 7, 2020. An army of amateur traders loosely organizing on Reddit have shaken up all preconceived notions about the stock market as they fueled the ...
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