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- GameStop shares dropped nearly 20% after announcing plans to sell additional shares. The company warned it expects a first-quarter net loss of up to $37 million and a significant drop in sales.
www.cnbc.com › 2024/05/20 › cnbc-daily-open-dow-at-record-close-gamestop-shares-crash-
People also ask
Why did GameStop stock rise 118% on Monday?
Why has GameStop soared?
What happened to GameStop shares before Monday?
Is GameStop a WSB stock?
May 20, 2024 · What you need to know today. Dow settles above 40,000. The Dow Jones Industrial Average closed above the 40,000 mark for the first time in history. The 30-stock index was up for the fifth ...
Get the latest GameStop Corp (GME) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
Find the latest GameStop Corp. (GME) stock quote, history, news and other vital information to help you with your stock trading and investing.
- Why Is Everyone Talking About Gamestop?
- What Is Gamestop?
- How Did It End Up in The Middle of All this?
- What Is A Short Squeeze?
- How Does The Internet Fit in?
- So What If A Bunch of People Bought Gamestop Stock?
- What Happened Friday?
- Does This Matter to Ordinary Investors?
- How Will The Market Be Different After this?
- What's The Downside? Should I Be Worried About The Market as A whole?
The simplest answer is that its stock price has skyrocketed — by somewhere around 8,000 percent over six months. The more complex answer is that its stock has become the central game piece in a financial power struggle between a major hedge fund, Melvin Capital, and a group of amateur stock traders who yell on the internet. Mike Novogratz, an inves...
GameStop is a video game retailer. Like most stores that still sell products in person, it has had a hard time lately as video game sales have moved online and as the Covid-19 pandemic keeps people away from stores. It's still in business, but few people expect it to grow again.
Like many companies that are in rough shape, GameStop was the subject of what's called short selling, in which professional investors borrow shares of stock to sell and then buy back later so they can return them, which lets them pocket the profit if the stock price goes down. They're basically bets that the company will fail. GameStop was one of t...
For the most part, investors follow the "buy low, sell high" format when it comes to stocks. Short sellers do the opposite — they borrow and sell a stock when it's high and bet that it will continue to fall. If that doesn't happen and the stock price rises, short sellers are forced to cover their positions or buy more stocks — to minimize their los...
The internet has been used to prognosticate about stocks for decades, but there's never been anything quite like the Reddit community called r/wallstreetbets, also known as WSB. WSB takes something of an internet extremist's approach to investing. Its slogan is "Like 4chan found a Bloomberg Terminal," alluding to the fringe message board and the Bl...
This is where things get a little complicated and a bit more unclear. Shares in GameStop ticked up on Jan. 11 after it named three people to its board of directors as part of a deal with shareholders who had been agitating for change. That caused some short sellersto abandon their positions, helping to drive the stock up more in the following days....
CNBC data show that the volume of shares traded — a closely watched indicator of activity around the stock — spiked on Friday. Increased volume can indicate a short squeeze, meaning people who had bet against the stock either chose or were forced to give up and take losses. And while WSB had gotten some media attentionin recent days for its GameSto...
Yes. For one thing, the volume of trading has strained the computer infrastructure of online brokerages, including TD Ameritrade, which saidWednesday that its mobile app was handling unprecedented volumes. And at least on paper, ordinary investors are making money even if they're not paying attention. BlackRock, which operates mutual funds, may hav...
There is some belief that WSB signals the arrival of a powerful new force as large numbers of retail investors find influence by acting in concert or following one another into a big trade. That may serve as a check or balance on other large forces, such as hedge funds, which are used to throwing their weight around without ordinary investors affec...
That's a tough question. Right now, the speculation activity is only around a few companies, which isn't that uncommon. But the broader concern comes when what are known as retail investors — amateurs buying stocks for their own personal gain — become overly exuberant and inflate stock prices, sometimes by taking out loans to buy shares. And some s...
May 13, 2024 · GameStop's stock soared as much as 118% on Monday, representing its biggest intraday gain in over three years. The stock soared after Keith Gill, also known as Roaring Kitty and...
GameStop Raises $933 Million From Past Week of Stock Sales. GameStop has completed the share offering it launched a week ago in the wake of a stock rally, saying it sold the maximum number of...
Stock Market News. Markets. stocks. Dow 30. NASDAQ 100. Sectors. Morgan Stanley tells investors to avoid hedge funds' overcrowded trades. Yun Li 12 min ago. Stocks making the biggest moves...
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