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GameStop short squeeze. In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares ...
Shares of GameStop stock fell 16% in 2016. [70] On February 28, 2017, shares dropped an additional 8% following Microsoft's announcement of its Xbox Game Pass service. [71] Following these reports, GameStop announced it would close over 150 stores in 2017 and expand its non-gaming business. [72]
GameStop stock sank nearly 40% Friday in highly volatile trading as GameStop filed to sell millions of shares — and more than half a million viewers tuned in for a much anticipated YouTube ...
GameStop stock rose nearly 60% on Tuesday, adding to a meme-fueled rally that sent shares of the video game retailer up 74% in the prior session.The rise in GameStop was also accompanied by a ...
GameStop stock went from a high of $66 when "activist investor" turned CEO Ryan Cohen joined the board in January 2021 to a low of $9.95 in mid-April before the latest bout of Keith Gill ...
Dumb Money. Dumb Money is a 2023 American biographical comedy-drama film, directed by Craig Gillespie and written by Lauren Schuker Blum and Rebecca Angelo. It is based on the 2021 book The Antisocial Network by Ben Mezrich and chronicles the GameStop short squeeze of January 2021.
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 ...
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 ...