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In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers.
Dumb Money captures the mood of the moment when GameStop’s stock soared in 2021 and took on hedge funds as part of a short squeeze. But what do we really know about what happened to Robinhood...
The GameStop saga. No one could have anticipated that a struggling video game retailer would be at the center of a next-level frenzy in the stock market that captivated the world, brought hedge funds to their knees and upended the conventions about small investors.
By late Thursday morning, GameStop shares had fallen 63% to $126 after some brokers imposed trading limits on the stock. The stock later recovered but closed at $193.60 — a 44% loss.
The movie Dumb Money tells how a group of amateur investors made a killing with GameStop stocks, and almost bankrupted huge investment firms in the process. Here's the true story that inspired it.
The short answer is: badly. The longer answer: not as badly as you might expect. The investors’ thesis was that GameStop was destined to be the next Blockbuster — the ubiquitous video, DVD and...
By late January 2021, GameStop’s price skyrocketed to a premarket high of over $500 per share in what was perhaps the most notorious short squeeze in stock market history, now memorialized in the...
GameStop's shares slumped by 40% in 25 minutes on Wednesday, after a few days of frenetic growth. Earlier that day the share price had soared to nearly $350 (£250) - 100 times more than this...
Our understanding of what happened in late January, when GameStop's share price was making headlines around the world, remains incomplete. Why is it shocking? In February, the prevailing...
Suddenly, Wall Street can't stop talking about GameStop, a video game retailer whose stock price is popping far beyond what most people think it's worth. Here's a guide to understanding why and...