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GameStop's third-quarter revenue fell 20% to $860 million, compared with $1.08 billion a year ago. Cash and cash equivalents at the end of the third quarter were $4.58 billion, compared with $4.19 ...
As a result, GameStop's stock price declined, leading many institutional investors to believe it would continue falling, thus short-selling the stock. On January 22, 2021, approximately 140 percent of GameStop's public float [ a ] had been sold short, meaning some shorted shares had been re-lent and shorted again.
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.
GameStop stock attracted $18 million worth of purchases last Monday as the stock surged following a post from Gill showing a massive position in the stock. By comparison, the stock's peak inflow ...
GameStop shares rose as much as 110% in the prior session following the reemergence of Keith Gill, also known as "Roaring Kitty," whose bull case on GameStop ignited the meme stock rally back in 2021.
He then appeared in front of a screenshot of a Yahoo Finance stock page for GameStop. Investor Keith Gill during his livestream on YouTube on June 7, 2024. "It becomes a bet on the management.
Known as "Roaring Kitty" on YouTube and "DeepF***ingValue" on Reddit's popular WallStreetBets, Gill was a key figure in the so-called "Reddit rally", in which GameStop stock surged 1,600% at one ...
GameStop is cashing in after a meme stock boom sent shares flying as high as 350% this month—and it’s leaving investors holding the bag, just as the company reported disappointing quarterly ...