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The stock had been flat year to date ahead of Monday's rally but had risen about 60% in the past month. GameStop stock is now up over 180% over the last month, not including Tuesday's gains.
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 stock surged as much as 110% after 'Roaring Kitty,' who was credited with starting ... GME shorts are now down -$1.34 billion in May month-to-date losses, and now down -$952 million for ...
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
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.
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 ...
Sherman and the board of directors took a 50% pay cut while other executives took a 30% cut to offset losses. [145] While digital sales grew by 519%, its retail dropped by more than 30% in the same period from the prior year, and the chain reported a US$165 million loss in contrast to a US$6.8 million for the same quarter in 2019.
The stock has since lost 70% of its value up to Friday's close, taking GameStop's market value to $5.82 billion. The company said it had raised $933.4 million after it completed its previously ...