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On February 24, the GameStop stock price doubled within a 90-minute period, and then averaged approximately $200 per share for another month. On March 24, the GameStop stock price fell 34 percent to $120.34 per share after earnings were released and the company announced plans for issuing a new secondary stock offering.
GameStop did not disclose the price at which it sold the shares, but based on Reuters calculations, they were sold at an average price of $20.74 each. Its shares were currently trading at $21.93.
Market makers who sold Gill his call contracts would have likely squared the risk on their books by buying GameStop shares. If the stock price slips below the contracts’ strike price, market ...
In a regulatory disclosure filed this morning, GameStop announced it was selling up to 45 million shares, which are worth about $950 million at current market prices.
The screenshot showed holdings of 5 million GameStop shares purchased at an average price of $21.274, a position worth $115.7 million as of Friday's closing price of $23.14.
GameStop stock rose nearly 60% on Tuesday, adding to a meme-fueled rally that sent shares of the video game retailer up 74% in the prior session. The rise in GameStop was also accompanied by a ...
The stock has since lost 70% of its value up to Friday's close, taking GameStop's market value to $5.82 billion. Earlier this month, GameStop said it expected its first-quarter net sales to drop ...
GameStop’s share price leaped 40 per cent before Monday's opening bell on Wall Street – all because an infamous web forum user posted on social media.. The memestock was given a jolt of life ...