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If money is tight, you may need to sell video games to make your rent. Maximize your GameStop trade-in value with these tips. This was originally published on The Penny Hoarder, which helps ...
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]
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 provides its customers either cash or trade credit in exchange for customers' unwanted video games, accessories, and tech. [213] The used video game trade-ins have twice the gross margins of new video game sales. [214]
A well-timed trade in GameStop's options reaped a handsome profit on Friday after an account associated with "Roaring Kitty," a stock influencer and longtime champion for the video game retailer ...
The screenshot also included 120,000 options contracts set to expire June 21 with a strike price of $20 each. The options, which were worth $65.7 million as of Friday’s close, soared in value ...
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