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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. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions ...
On January 4, 2021, GameStop's stock price closed trading at $17.25 per share. By the end of the month, the company's price had shot up to a premarket high of more than $500 per share.
The GameStop mania that drove its stock above $120 a share, split-adjusted, ... In January 2021, GameStop shares hit an all-time high of $120.75 intraday, adjusted for a subsequent 4-for-1 stock ...
Colas noted that the move back in 2021 was quite a bit larger than what we've seen so far this time around, with GameStop stock rising 1,500% in January 2021 before forfeiting most of those gains.
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 .
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.
Influential trader Keith Gill has inspired another wave of investment in the video games retailer
GameStop’s (GME) share price convulsions are riveting Wall Street and the rest of the U.S. financial establishment. Between Jan. 11 and Jan. 26, 2021, shares of the Grapevine, Texas-based ...