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GameStop short squeeze. 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. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares ...
GameStop TV is the in-store television network run internally by GameStop, with non-endemic sales in partnership with Playwire Media. GameStop TV features programming targeted to consumers shopping in GameStop stores. Each month brings content segments about upcoming video game releases, exclusive developer interviews, and product demonstrations.
First, point out that the company's first quarter sales cratered 29% year over year. The company lost $32.3 million in the quarter compared to a loss of $50.5 million a year earlier. The business ...
Here’s a guide to understanding what's going on with GameStop, and what the frenzy means for the stock market.
The GameStop short squeeze, starting in January 2021, was a short squeeze occurring on shares of GameStop, [18] [19] primarily triggered by the Reddit forum WallStreetBets. [20] [21] This squeeze led to the share price reaching an all-time intraday high of US$483 on January 28, 2021 on the NYSE.
Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores, but did not provide details on what it intends to ...
GameStop: Rise of the Players is a 2022 American documentary film directed by Jonah Tulis and produced by Blake J. Harris, who worked on Console Wars together. Synopsis [ edit ] The documentary chronicles the GameStop short squeeze of 2021 which saw GameStop 's stock rise over 2,500% amidst rampant volatility.
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.