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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.
Short interest in GameStop has remained elevated since that meme rally, data from S3 Partners showed, with almost 24% of the float. GameStop shorts were down $1.36 billion on Tuesday after losing ...
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 ...
GameStop Corporation (NYSE:GME) stock soared in premarket trading on Monday amid possible retail investor interest following a social media post by Roaring Kitty. Shares of struggling video game ...
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 stock surged as much as 110% after 'Roaring Kitty,' who was credited with starting the 2021 meme stock frenzy, posted on X for the first time in three years. ... Short interest on ...
This helped GameStop report a net income of $17.4 million in the third quarter, compared with a net loss of $3.1 million a year ago. GameStop reports third-quarter profit on spending cuts Skip to ...
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 ...