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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.
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.
Call of Duty: Black Ops Cold War is a 2020 first-person shooter game co-developed by Treyarch and Raven Software and published by Activision.It is the seventeenth installment of the Call of Duty series and is the sixth entry in the Black Ops sub-series, following Call of Duty: Black Ops 4 (2018).
Yahoo Finance's Julie Hyman, Brian Sozzi and Myles Udland break down GameStop's latest share sale plan. GameStop shares drop, company plans to offer $1B stock sale [Video] Skip to main content
Call of Duty: Black Ops: 2010 Treyarch: Activision: Nintendo DS, PlayStation 3, Wii, Windows, Xbox 360, OS X: Los Angeles Times: 50+ 70 [73] DC Universe Online: 2011 Dimensional Ink Games Daybreak Game Company, Warner Bros. Interactive Entertainment: PS3, Windows: 50 50 68 [74] L.A. Noire: 2011 Team Bondi: Rockstar Games: PS3, Xbox 360: BBC ...
The post, the first from the account in three years, also showed a position of 120,000 GameStop June 21 call options at a strike price of $20, worth $65.7 million at Friday's close.
GameStop (NYSE:GME) is still facing threats and GME stock continues to trade at a relatively high valuation. As a result, I recommend investors refrain from taking a bullish position in the name.