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Yahoo Finance's Julie Hyman, Brian Sozzi and Myles Udland break down GameStop's latest share sale plan.
The GameStop short squeeze, starting in January 2021, was a short squeeze occurring on shares of GameStop, [19] [20] primarily triggered by the Reddit forum WallStreetBets. [21] [22] This squeeze led to the share price reaching an all-time intraday high of US$483 on January 28, 2021 on the NYSE.
GameStop stock jumped 10% after a report said it was considering a cryptocurrency purchase plan. It follows speculation driven by GameStop CEO Ryan Cohen's social media post with Michael Saylor.
Last month, GameStop sold 45 million shares, bringing in about $930 million in proceeds. The announcements came on the heels of the stock's 47% surge in the prior session after "Roaring Kitty ...
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
<p>Whether you're a dedicated gamer, someone who just likes to unwind after work by firing up your console for a fun session, or if you fall somewhere in between, this weekend is a good time to ...
In the United States, stocks take one business day to settle. [2] If you buy a stock on a Monday, you do not have to pay for the purchase until Tuesday. This is known as trade day plus — or T+1. This one-day settlement period is considered an extension of credit from the broker to the customer.
GameStop did not disclose the price at which it sold the shares, but based on Reuters calculations, they were sold at an average price of $20.74 each. Its shares were currently trading at $21.93.