It’s a bit of an understatement to say that GameStop has been in the news lately. There are a lot of people opining about what is going on, but we want to cut through that and look at what actually happened (we
The decision by the popular trading app Robinhood to restrict the purchase of GameStop shares through its platform on the 28th—when the stock price was still considerably elevated—also contributed heavily to the price’s sharp reversal. A brokerage that marketed itself as being accessible to smal...
The GameStop stock trading episode that began in January 2021 has been unprecedented in some ways, especially in the ability of market participants to organize collective action openly yet anonymously. In other ways, however, it's been an unsurprising repetition of past experience. Contrary to ...
electronics, apparel, and even new and refurbished mobile phones. But the most significant change to GameStop happened when the former founder of Chewy (NYSE:CHWY), Ryan Cohen, took over as Chairman of the company later in 2021.
If you, like many investors, saw what happened withGameStop(NYSE: GME), you likely have this question. After all, it’s not a strategy often used by the common investor. Here, we’ll answer your question. But before we talk about short squeezes, there’s something you need to understa...
“short position” onGameStop. A short position means Melvin was betting GameStop’s share price would fall (a reasonable bet, as the outlook for bricks-and-mortar video game stores is a bit like what happened to Blockbuster and other video rental outlets). This in itself is not at a...
What happened next? Gamestop’s soared by 408%, from $96.80 (£70.83) to $492.02 (£358.44), between Tuesday and Thursday last week. Some hedge funds had borrowed and sold millions of GameStop’s shares. These funds were facing huge losses and had to buy the shares back to stop th...
GameStop Corp. shares have risen by more than 1,900% since Jan. 8, hurting market short-sellers. Shares soared from $17.08 a few weeks ago to $347.51 at Tuesday's close. Here's how it happened.FILE - An exterior view of a GameStop store on July 21, 2020 in Pembroke Pines, ...
Why did Robinhood stop users from buying GameStop shares? On Jan. 29, Robinhood postedanother blogabout what happened. The company explained it was required to keep a substantial amount of money on hand in order to process all the trades happening through its clearinghouse, which is the part ...
On June 9, Apple dealer Simply Mac abruptly closed. Here's what happened, how service customers affected by the sudden shutdown can get help — and how to buy assets from the shuttered company.