Slaylock said: Gaming the system: How GameStop stock surged 1,500% in nine months New board members and a massive short squeeze cause stratospheric short-term growth.
Full Answer
What happened to GameStop stock?
Jan 20, 2021 · How GameStop Stock Surged 1,500% In Nine Months Hmmm, everyone stuck at home watching TV and playing video games might have something to do with this . Analysts suggest the recent surge in GameStop's stock price is the result of a massive short squeeze bubble that will pop eventually.
How did GameStop's sales perform during the 9-week period?
Apr 01, 2022 · GameStop Corp. shares surged as much as 22% in extended trading after the company said it plans to ask shareholders for approval of a stock split in the form of a dividend.
Is GameStop's long-term health better than last year's stock doldrums suggest?
Jan 19, 2021 · Gaming the system: How GameStop stock surged 1,500% in nine months
Is there still a demand for GameStop?
Feb 22, 2021 · Why GameStop Stock Surged This Morning By Evan Niu, CFA - Feb 22, 2021 at 11:47AM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
How does GameStop stock surged?
The late January surge was fueled by individual retail investors, many from the Reddit page WallStreetBets, some of whom believed the GameStop was undervalued and others who wanted to squeeze hedge funds that had shorted the stock.Mar 10, 2021
Why GameStop stock so high?
Why Did GME Stock Go Up? Shares of GME stock surged 1,600% in January. Individual investors coordinated a buying spree in the video game retailer's shares using online message boards. The buying surge caught the "shorts" who were betting the stock would fall off guard.Dec 9, 2021
Was GameStop manipulating stocks?
Although simply purchasing GameStop stock is not inherently deceptive, they undoubtedly manipulated the stock price. However, even in jurisdictions that recognize open-market manipulation liability, it is dubious the Reddit traders intended to improperly manipulate the market.May 11, 2021
How overvalued is GameStop stock?
GameStop's stock is substantially overvalued at current trading levels based on any reasonable assessment of business value. There have been many successful miracle turnarounds in U.S. corporate history, but to base your investment premise on a hope and a prayer does not seem prudent at this time.Mar 18, 2022
Who owns GameStop stock?
Top 10 Owners of GameStop CorpStockholderStakeShares ownedThe Vanguard Group, Inc.7.65%5,837,633BlackRock Fund Advisors6.28%4,794,611SSgA Funds Management, Inc.2.17%1,653,929Geode Capital Management LLC1.01%773,8806 more rows
Is GameStop a good buy?
GameStop is down 70% from record highs but remains a high-risk bet for investors given its negative profit margins and falling revenue.Jan 20, 2022
What is short squeeze in stock market?
A short squeeze is an unusual condition that triggers rapidly rising prices in a stock or other tradable security. For a short squeeze to occur, the security must have an unusual degree of short sellers holding positions in it. The short squeeze begins when the price jumps higher unexpectedly.
What stock should I buy right now Reddit?
Without further ado, here are 10 Reddit stocks trending at the moment:Amazon (NASDAQ:AMZN)Apple (NASDAQ:AAPL)Microsoft (NASDAQ:MSFT)Tesla (NASDAQ:TSLA)SPDR S&P 500 ETF Trust (NYSEARCA:SPY)Nvidia (NASDAQ:NVDA)Gartner (NYSE:IT)Palantir (NYSE:PLTR)More items...•Mar 17, 2022
What is Keith Gill accused of?
Keith Gill, one of the most influential voices that pushed GameStop on the WallStreetBets Reddit forum, was hit with a lawsuit that accused him of misrepresenting himself as an amateur investor and profiting by artificially inflating the price of the stock.Feb 17, 2021
Is GameStop a meme stock?
Meme stocks are back on the menu. Shares of AMC Entertainment Holdings , GameStop , and Bed Bath & Beyond leapt Monday in a resurgence of the frenzied buying that took them through the roof early last year.Mar 28, 2022
Is GameStop a buy or sell?
GameStop has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 2 sell ratings.
What is the true valuation of GameStop?
Based on the valuation metrics above and GameStop's current share price, a realistic valuation for GME stock appears to be somewhere in the range of $39 and $69, assuming the company can figure out how to return to profitability in the near future.Jun 16, 2021
The investor who has been credited with sparking interest in the video game retailer buys more shares
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of GameStop ( NYSE:GME) surged by as much as 20% today after Keith Gill, known by "Roaring Kitty" on social media and a more vulgar username on Reddit, increased his stake in the video game retailer. Gill has been widely credited with driving retail interest in GameStop, which culminated in a gargantuan gamma squeeze last month.
So what
Gill posted an update on Reddit's WallStreetBets forum on Friday evening showing that he had increased his position from 50,000 shares over two weeks earlier to 100,000 shares . The fresh investment increased Gill's average cost basis from $14.89 to $26.80.
Now what
The news comes after Gill testified virtually last week in front of the U.S. House Committee on Financial Services, which has been examining the saga over concerns around potential market manipulation and the possibility of individual investors being hurt.
