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By late Jan. 2021, Gill was up over 4,000% on stock and options in the company, with his GameStop position plus cash worth nearly $48 million, according to his posts.
Renaissance added 1,004,958 shares of videogame retailer GameStop during the quarter, which had a value of approximately $12.6 million at the end of March, according to a securities filing ...
On March 24, the GameStop stock price fell 34 percent to $120.34 per share after earnings were released and the company announced plans for issuing a new secondary stock offering worth up to $1 billion. [80] [81] By March 24, short interests had dropped to 15 percent, compared to the 141 percent level at its peak in January. [82]
Traders who helped stoke the 2021 meme stock frenzy touted a story of the underdog Main Street’s victory against tyrannical Wall Street: Retail investors bid up shares of GameStop and other meme ...
The stock has lost about 36% since Friday's high of $48, when Gill’s first livestream in three years failed to lift the shares after the company announced a surprise stock offering. On Tuesday ...
Shares of GameStop jumped more than 19% in Robinhood’s 24-hour exchange Sunday evening, which allows for trading of certain stocks continuously. The stock could see a big pop when premarket ...
The letter also revealed that Scion owned approximately 2,750,000 shares, or about 3.05% of GameStop. The stock price of GameStop, which had been in steady decline in share price since late January 2019, spiked roughly 20% after Burry revealed that he was buying the stock in an interview with Barron's.
An investor going short borrows shares and sells them in the hopes of being able to buy back the stock at a lower price in the future. If GameStop’s share price is above the options’ $20 ...