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Short interest in GameStop has remained elevated since that meme rally, data from S3 Partners showed, with almost 24% of the float. GameStop shorts were down $1.36 billion on Tuesday after losing ...
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.
Often hostile risk assets in 2022 have flown higher this past week and provided some much needed relief. But if you think you’re late to the show already, AMC Entertainment’s (NYSE:AMC) stock ...
AMC stock , a retail trader favorite during the meme stock craze of 2021, fell 3% to close at a record low of $4.55 per share on Friday. At its lows of the day the stock was down more than 11%.
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 .
AMC (AMC) shares surged as much as 23% to end the session 19% higher on Friday, as meme stocks rallied. AMC closed at $29.12 per share, reversing its recent slump trend.
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
The recently released movie "Dumb Money", about a YouTube content creator who encourages his followers to invest in heavily-shorted stocks, has stirred up more discourse regarding meme stocks. See ...