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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.
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.
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 sank more than 40% following a 31% slide on Monday, bringing the stock down below $100 per share at session lows from a peak of $483 last week. AMC ( AMC ), Express ( EXPR ) and Koss ...
GameStop shut down both PC Downloads and Spawn Labs in 2014. [40] In 2012, GameStop acquired BuyMyTronics, a Denver-based online market place for consumer electronics. [41] In October 2012, GameStop acquired a 49.9% ownership interest in Simply Mac, a Salt Lake City–based Apple authorized reseller and repairer founded in 2006. GameStop ...
GameStop raised almost $2.14 billion as it capitalized on the recent stock rallies spurred by the online reemergence of influential retail trader Keith Gill.The video game retailer said on Tuesday ...
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 ...
GameStop and AMC weren't the only stocks caught up in this week's meme craze. While shares of the short-lived rally's flag bearers continued to unravel Friday, smaller meme-related equities ended ...