Over the past 12 months, GameStop(GME), a brick-and-mortar video game retailer struggling with declining sales, has massively outperformed the broader market,surging more than 100%. This performance has been driven largely by unpredictable, meme-stock-related events, which is why I maintain a ...
also known as “Roaring Kitty.” GME stock is up more than 60% this year, significantly outperforming the S&P 500(SPY). Gill was instrumental in introducing the GameStop investment thesis
In addition to the post on Reddit, an X account associated with Gillpostedan image of the reverse card from Uno, a card game, suggesting to some observers that Gill intended to rejuvenate the price of the stock. In 2021, the price of GameStopclimbednearly 700%, driven ...
The YouTube persona Roaring Kitty posted a viral video laying out the case for why shares of brick-and-mortar video game retailer GameStop Corp. (GME) could soar from $5 to $50 per share in August 2020. He explained that the stock had among the highestshort interestin the market, large...
Much of professional Wall Street remains pessimistic that GameStop's stock can hold onto its immense gains. The company is unlikely to start making big enough profits to justify its $22.2 billion market valuation anytime soon, analysts say....
To summarize what's happening on the market, big-time hedge funds are short-selling GameStop. That means they're betting its stock price will drop and they'll make money later on. But on the other side, a mass of amateur internet investors is buying GameStop stock, causing its stock...
At the moment the GME shorts are not completely covered because over the past year, the stock has been falling, which is exactly what a short seller wants. In January of 2021 at the original GME short squeeze, all of the investors who held short positions against GameStop stock covered the...
GameStop’s CEO is now worth nearly $1 billion –CNN Ignore the Reddit-fueled spike, GameStop is actually still in trouble –CNET GameStop Stock Surges, Plunges, and Ends at Record Close –Barron’s Discussion Questions DISCUSSION QUESTIONS: Does the current system and the practice of shortin...
Jan 27, 2021 Stock Market Jeff Bakalar talks to CBS News Business Analyst Jill Schlesinger about GameStop's wild stock ride and how a subreddit helped kick off its meteoric rise in the face of the financial institutions that had been shorting it. ...
Here we are now with GME spiking above $400, and there’s no ceiling in sight. Should we laugh at the bulls for hanging around? Or were the hedge fund managers wrong? ‘Fair Value’ Is Situational Advertisement. GME is the kind of stock that would horrify investors like W...