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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.
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.
The documentary chronicles the GameStop short squeeze of 2021 which saw GameStop's stock rise over 2,500% amidst rampant volatility. This story is told mostly from the viewpoint of several value investors who participated in sharing their due diligence on social media, most notably Roaring Kitty's YouTube streams.
Jon Najarian, MarketRebellion.com co-founder and CNBC contributor, joined the IBD Live team on Jan. 29 to provide insights into the GameStop short squeeze frenzy kicked off by Reddit group r ...
GameStop stock rose more than 1600% in two days. Stephanie Ruhle explains how amateur day traders on the Wall Street Bets subreddit bought GameStop stock en masse in response to hedge funds ...
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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 .
Just as Dogecoin (DOGE-USD) is the leader among meme coins and tokens, GameStop (NYSE:GME) is the name that triggered the famous meme stock trend. If I were an investor in GME stock during that ...