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A screen shot posted on June 2 showed Gill held 120,000 GameStop June 21 call options at a strike price of $20, bought at $5.6754 per contract or $68.1 million in all.
Xbox One launch week sales were around 150,000 units, double that of the Xbox 360. [286] Microsoft enacted a UK-only price cut in February 2014 to bring the console's price closer to that of the PlayStation 4, which had released at a more affordable price. [287] The Xbox One was the best-selling console in November 2014. [288]
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.
Cinema chain AMC dropped 7.7%, after rising 135% in the past two sessions, while video game retailer GameStop fell 10% after hitting its highest level since June 2021 on Tuesday.
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