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
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 ...
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....
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 in part ...
Wall Street is now "making a perfectly rational argument that the GameStop stock price is over-valued," Kusin said. In fact, it is "extraordinarily hard to argue that analysis isn’t true." However, GameStop fans are "clearly saying that they will not be intimidated by the facts," he ...
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...
We have some answers for the big questions about Robinhood, the actions it took and what might happen next. Read more:Best robo-advisors Watch this:What does GameStop's skyrocketing stock have to do with a subreddit? 10:14 What is Robinhood?
Based in the US, it sells games, consoles and other electronics on the high street. Like many others, Gamestop was struggling due to the coronavirus pandemic and shift to online shopping. What is shorting? ‘Shorting’ or ‘short selling’ involves counting on a stock price dropping. It’s...
Day traders on Reddit joined together to drive the video game retailer’s stock price up over the last two weeks in an effortto capitalize on hedge fund short-sellers bettingGameStopwould follow the path of Blockbuster. From just under $20 a share on Jan. 12, shares of GameStop skyrocketed...
GameStop (GME) is widely regarded as the first meme stock. GameStop's price rose as much as 100 times over several months when its meme community crafted a short squeeze. Meme stocks have generated slang and language that's used in online forums and social media. ...