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GameStop shares lost 60 percent of their value on February 2, closing below $100 for the first time in a week. [ 65 ] [ 66 ] Reports estimated that about $27 billion in value had been erased. [ 66 ] [ 67 ] Other assets affected by the short squeeze and put under company trading restrictions, such as AMC and Blackberry shares, also declined in ...
In January 2021, GameStop shares hit an all-time high of $120.75 intraday, adjusted for a subsequent 4-for-1 stock split in the summer of 2022.
In January 2021, trading activity around a short squeeze resulted in a 1,500% increase in GameStop's share price over the course of two weeks, reaching an all-time intraday high of over US$500.00. As of January 29, 2021 [update] , on the New York Stock Exchange .
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.
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 ...
The surprise social media return of the trader who helped ignite the meme stock frenzy in 2021 sent GameStop shares skyrocketing Monday. ... first time in 3 years ... a high of $483 a share in ...
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]
In an unusual event, video gaming company GameStop’s shares touched a record-high price of $76.76 — thanks to a battle between Redditors and short sellers. Just to give you an idea of this ...