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GameStop is a heavily shorted stock, with short interest just above 21% of the float. The company took advantage of mid-May's unexpected meme rally, selling 45 million shares to bring in about ...
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.
GameStop stock surged as much as 110% after 'Roaring Kitty,' who was credited with starting the 2021 meme stock frenzy, posted on X for the first time in three years. ... As Yahoo Finance’s ...
GameStop stock surged as a Reddit user linked with its biggest booster appeared to reveal a new bold bet on the video game retailer ... Ines Ferre is a senior business reporter for Yahoo Finance.
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.
This caused the GameStop stock price to rise from under $14 to over $48, though Gill's post did not mention GameStop. GameStop benefitted from this by issuing more stock at over $20, raising over $900,000,000. [207] [208] [209] Other stocks such as AMC, BlackBerry, Virgin Galactic also experienced major increases during this time period. [210]
GameStop stock jumped higher after the video game retailer announced that it had raised $933 million by selling 45 million common shares of its stock earlier this month.
GameStop shares surged 74% on Monday after the account run by Keith Gill shared a meme on X, marking its first post in three years. The shares skyrocketed by more than 110% earlier and were halted ...