Search results
Results from the WOW.Com Content Network
GameStop shares lost 60 percent of their value on February 2, closing below $100 for the first time in a week. [ 65 ] [ 66 ] Reports estimated that about $27 billion in value had been erased. [ 66 ] [ 67 ] Other assets affected by the short squeeze and put under company trading restrictions, such as AMC and Blackberry shares, also declined in ...
A week earlier, Galvin had called for a 30-day suspension of trading in GameStop securities and insisted that the share price was "irrational". [36] [37] [38] Gill testified to the House Financial Services Committee on February 18, 2021, saying: "I did not solicit anyone to buy or sell the stock for my own profit", and "I like the stock."
GameStop shares closed Friday at $23.14. ... but that was enough to trigger a buying frenzy among amateur traders. GameStop took advantage of the May rally by raising more than $900 million in a ...
Continuing his investments in GameStop, Cohen acquired 100,000 more shares on March 22, 2022. Adjusted for the stock split, this acquisition represented 400,000 shares. [ 41 ] On June 9, 2023, Cohen bolstered his stake in the company with a purchase of 443,842 shares, equivalent to a $10 million investment.
5 million shares of GameStop purchased for $21.27, worth approximately $116 million at the time of the post. 120,000 June 2024 $20 call options purchased for about $5.68, worth nearly $66 million ...
GameStop shares are up more than 93% for the week and up more than 300% over the last 10 trading days, potentially making Renaissance Technologies' stake now worth nearly $33.5 million if it kept ...
GameStop shares closed Wednesday at $46.55 a share, more than double the price locked in by those options. A screenshot on Monday revealed that he made $54 million worth of gains on paper during ...
[102] [103] In December 2019, GameStop announced that it spent $178.6 million to buy 34.6 million shares, or 34% of the shares outstanding, at an average price of $5.14 per share. [104] In May 2020, Burry lowered his stake in GameStop.