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The GameStop short squeeze, starting in January 2021, was a short squeeze occurring on shares of GameStop, [19] [20] primarily triggered by the Reddit forum WallStreetBets. [21] [22] This squeeze led to the share price reaching an all-time intraday high of US$483 on January 28, 2021 on the NYSE.
There were some big stock moves this week and short squeezes are to blame.
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.
Metaphorically, a short squeeze is investors rushing out of a crowded theater after someone yells “fire.”
A short squeeze can occur if the price of stock with a high short interest begins to have increased demand and a strong upward trend. To cut their losses, short sellers may add to demand by buying shares to cover short positions, causing the share price to further escalate temporarily.
A short squeeze is a rapid increase in the price of a stock resulting from a lack of supply and an excess of demand. Typically, short sellers (those who have borrowed and sold stocks they believed ...
The Antisocial Network: The GameStop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees (or simply The Antisocial Network) is a 2021 non-fiction book by Ben Mezrich about the GameStop short squeeze. The 2023 film Dumb Money is based on the book.
In this article, we discuss the 10 biggest short squeezes of all time. If you want to skip our detailed analysis of these short squeezes, go directly to the 5 Biggest Short Squeezes of All Time.
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