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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.
GameStop stock tanked more than 18% Wednesday as a rally among meme names showed signs of fading.Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained ...
May 13, 2024 at 4:07 PM. ... Short interest on GameStop sits at around 24% of the float, according to S3 Partners data. ... Monday's short squeeze follows a recent rally in meme-related stocks.
May 14, 2024 at 3:59 PM. GameStop stock ... Research, wrote this recent trading action "feels like an echo of early 2021, when this account helped fuel a vicious short squeeze in GameStop." ...
On June 11, 2024, GameStop announced it completed an at-the-market equity offering of 75 million shares, raising $2.14 billion in cash amid the trading frenzy. On June 13, 2024 the value of Gill's position, according to his screenshots on Reddit, had stood at over $260 million, as he showed ownership of 9 million shares and no options.
2024 Kharkiv offensive. Russia claims that its troops have entered the town of Vovchansk, 74 kilometres (46 mi) from Kharkiv. Business and economy. GameStop short squeeze. Three years after the previous GameStop stock squeeze, Redditors return to artificially inflate GameStop's share price by 75%, reaching an 18
Shares of the videogame retailer GameStop tumbled 30% to close at $27.67 after jumping as high as $64.83 on Tuesday. Theater chain AMC closed 15.3% lower at $4.64. GameStop and AMC tumble as meme ...
GameStop short squeeze. The value of GameStop shares increases by 21% after Keith Gill posts a $116 million investment on Reddit. Disasters and accidents. 2024 Indian heat wave. More than 211 people are killed and nearly 25,000 others suffer from heatstroke amid a severe heat wave in India. (The Independent)