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GameStop did not disclose the price at which it sold the shares, but based on Reuters calculations, they were sold at an average price of $20.74 each. Its shares were currently trading at $21.93.
On February 1 and 2, the stock price for GameStop declined substantially, losing more than 80 percent of its value from its intraday peak price, recorded during the previous week. GameStop shares lost 60 percent of their value on February 2, closing below $100 for the first time in a week.
That’s a big windfall for company that only reported around $6 billion in revenues last year, but the day traders who juiced GameStop’s shares in the first place are paying the price: The ...
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 ...
In anticipation of a looming short squeeze triggered by last week’s definitive return of Roaring Kitty, a soaring stock price gifted the company a perfect opportunity to unload 75 million shares ...
Last month, GameStop sold 45 million shares, bringing in about $930 million in proceeds. The announcements came on the heels of the stock's 47% surge in the prior session after "Roaring Kitty ...
Still, GameStop capitalized on May's rally, selling 45 million shares and bringing in around $930 million in proceeds. The stock surged 25% on the news. The stock surged 25% on the news.
Earlier this week, the same user revealed they'd paid $175 million for a position in GameStop at that time valued closer to $210 million. Shares surged following that disclosure too. Shares surged ...