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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.
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 .
The documentary chronicles the GameStop short squeeze of 2021 which saw GameStop's stock rise over 2,500% amidst rampant volatility. This story is told mostly from the viewpoint of several value investors who participated in sharing their due diligence on social media, most notably Roaring Kitty's YouTube streams.
Short squeeze in GameStop Corp (NYSE: GME) and others like the clothing retailer Express, Inc (NYSE: EXPR) has seen a frenzy of late due to internet message boards, but is it possible that such ...
Investor pessimism, however, has quietly turned GME stock into a short-squeeze candidate. Sagging trading volume means that it would take tr. Editor’s note: This article was updated on Oct. 18 ...
In some cases, traders propelled these stocks into a “short squeeze,” sending the stocks much higher as short-sellers – those who have bet against a stock – are forced to buy the stock or ...
GameStop (GME) shares closed 51% higher at $65.01 each on Friday after an apparent crush on short-sellers.
GameStop stock tanked more than 18% Wednesday as a rally among meme names showed signs of fading.Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained ...