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The move: GameStop stock jumped as much as 10% Friday morning to $28.97. The stock is down 8% year to date and is 76% below its record high, reached during the meme-stock craze of 2021 . The chart:
AMC, another meme stock, jumped 75% Monday, while Reddit traded 9% higher. ... forcing them to cover their short positions and drive up the price of the target stocks. ... GameStop shares hit an ...
Short-sellers aim to turn profits on a stock by borrowing shares, selling them and returning them after purchasing them at a lower price. Shares of AMC Entertainment, another meme stock, popped 78 ...
Shares of GameStop climbed 21% on Monday as the renewed frenzy around meme stocks shows little sign of abating.. The video game retailer’s stock soared hours after a Reddit post by stocks ...
The stock jumped as much as 20% after the bell on Thursday before giving back some gains. A social media post from GameStop CEO Ryan Cohen over the weekend sparked speculation over GameStop's ...
As of January 28, 2021, the all-time highest intraday stock price for GameStop was $483.00 (nearly 190 times the low of $2.57 reached 9 months earlier in April 2020). [34] In pre-market trading hours the same day, it briefly hit over $500, up from $17.25 at the start of the month. [35] [34]
The stock has since lost 70% of its value up to Friday's close, taking GameStop's market value to $5.82 billion. Earlier this month, GameStop said it expected its first-quarter net sales to drop ...
GameStop has about a quarter of its publicly available shares in short position and the bearish investors were set to lose $1.23 billion on paper on Monday, analytics firm Ortex said.