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First X, then Reddit, now YouTube. GameStop's most bullish enthusiast announced a livestream, and the stock surged.
The stock surged 25% on the news. Typically, investors would expect the stock price of a company issuing new shares — which dilute the value of current holdings — to decline after a stock sale.
The volatility led to trading in the stock being halted several times early Monday. In mid-morning trading, GameStop was up 86% at $32.50 after soaring as high as $38.20 intraday.
The GameStop mania that drove its stock above $120 a share, split-adjusted, in early 2021 from as little as $3 in the space of three months, forced brokerages including Robinhood to limit trading ...
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 ...
GameStop and AMC surge like it's 2021. Associated Press. May 13, 2024 at 2:11 PM. The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending ...
GameStop stock surged as much as 110% after 'Roaring Kitty,' who ... GME shorts are now down -$1.34 billion in May month-to-date losses, and now down -$952 million for the year," Ihor Dusaniwsky ...
GameStop has about a quarter of its publicly available shares in short position and the bearish investors were set to lose $1.23 billion on paper on Monday, analytics firm Ortex said.