By now, there's a good chance you've heard what's been happening withGameStop's stock surge. Majorly simplified: Everyman retail investors are using Reddit to spread the word and help boost the stock price of video game retailer GameStop (as well assome others), causing a few Wall Stree...
The GameStop stock story begins back in 2019 when famous investor Michael Burry took a stake in the company because he believed it was an undervalued stock. If that name sounds familiar, Burry was the investor who shorted the US housing market and was the main character in the movie, the ...
the past couple weeks, and all because activity among social media investors began pushing it up. Wall Street had bet heavily that the company would fail, but as the price kept going up, investors were forced to reset their wagers. That led the stock to rocket up, and then swing wild...
Well, here we go again. The rigged game of meme-stock trading is back in vogue, evidently. GameStop (NYSE:GME) stock traders deserve the credit or, perhaps, the bla...
RELATED:GameStop stock explained: Here’s what short selling is and why it’s shaking up Wall Street In the stock market, a short seller is an investor who aims to profit as the price of a company’s shares decrease. The profit is limited to how far the share price is from...
NEW YORK (AP) — It's not just you. What's going on with GameStop's stock doesn't make sense to a lot of people.
The lead plaintiff, a Washington state investor, suffered “substantial financial losses,” when he used $200,000 to speculate on GameStop’s price, when the company’s stock was below $100. It then wentskyrocketing to a record closing priceof $347.51 on Jan. 27, in a story that ca...
Wall Street: Short selling and short squeezes explained In most cases, profits are made in the stock market as the price of a share rises. But short sellers can make money as value drops and lose money as it rises.Robinhood investor Carlos Amaya said the app's action was a ...
GameStop Stock Just Cratered, But Its CEO Thinks Wall Street Is Missing Something BYDavid Z. Morris August 26, 2017 at 5:09 AM GMT+8 Shares of video game retailer GameStop dropped nearly 13% after it reported second-quarter earnings on Thursday, recovering only slightly in Friday trading....
Robinhood sent an email to customers in the afternoon of Jan. 28 saying it would allow "limited buys" of those company stock starting the next day. The limits included a maximum number of shares users could own (at one point it was down to one GameStop share), no trading options, no ...