Search results
Results from the WOW.Com Content Network
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.
(Reuters) -GameStop shares jumped 21% on Monday after the stocks influencer known as "Roaring Kitty" returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
A GameStop store in a mall. In September 2019, Gill, under the username "u/DeepFuckingValue", posted on the subreddit r/wallstreetbets a screenshot of a trade consisting of a roughly $53,000 long position in GameStop; [8] Gill's Reddit posts and YouTube videos argued (through both fundamental and technical analysis) that the stock was undervalued. [3]
GameStop Corp. is an American video game, consumer electronics, ... In 2021, after retail investors on Reddit noticed that the short interest exceeded 100%, the ...
Gill who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2. The move has spurred big ...
The Reddit saga roiling Wall Street for the last two weeks has blasted a spotlight on grassroots investing efforts to rally the price of heavily shorted stocks, sending embattled names like ...
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.
For premium support please call: 800-290-4726 more ways to reach us