What was GameStop highest stock price?
347.51 U.S. dollars perStocks of video game retailer GameStop exploded in January 2021, effectively doubling in value on a daily basis. At the close of trading on January 27, GameStop Corporation's stock price reaching 347.51 U.S. dollars per share - or +134 percent compared to the day before.
What caused the spike in GameStop stock?
Melvin Capital and Citron were two of the funds caught in the squeeze, forcing them to buy more GameStop stock to cover their losses, which ended up driving the stock price even higher.
Is GameStop growing?
Latest GameStop Corp. GameStop Corp.'s trailing 12-month revenue is $6.0 billion with a % profit margin. Year-over-year quarterly sales growth most recently was 8.0%. Analysts expect adjusted earnings to reach $-5.630 per share for the current fiscal year. GameStop Corp.
How much did GameStop Spike?
As of January 28, 2021, the all-time highest intraday stock price for GameStop was $483.00 (nearly 190 times the low of $2.57 reached 9 months earlier in April 2020).
Is GameStop a good buy?
Gamestop (GME) stock is likely to decline after the current overheated rally. The stock can still be profitable in the long term if revenue growth stays consistent. But investors should avoid buying GME stock due to the high short-term risk.
Should I sell GameStop stock?
There are currently 2 sell ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" GameStop stock.
Is GameStop worth investing 2022?
GameStop Corp. (NYSE:GME) delivered a -36.52% return since the beginning of the year, while its 12-month returns are down by -48.17%. The stock closed at $94.20 per share on March 21, 2022.
Is GameStop dying?
GameStop may be the largest video-game retailer, but it's a dying one, and it's been that way for years. The COVID-19 pandemic shot a much-needed jolt of life into GameStop as people sought at-home entertainment.
Will GameStop bounce back?
Analysts expect a rebound from COVID headwinds in 2022, projecting 17% revenue growth. However, 2023 estimates call for little change or even a slight decline in revenue, signaling that GameStop's recovery could be short-lived.
How much did short sellers lose on GameStop?
GameStop Short Sellers Lose $200 Million In August Extending Their Losses As Shorted Shares Continue To Drop.
How much money did Melvin capital lose?
When the stock took off-- along with other shares Melvin was shorting -- it erased about $7 billion of the hedge fund's capital in January 2021, a path it never recovered from.
Who bought GameStop stock?
Chairman Ryan CohenChairman Ryan Cohen snapped up 100,000 more shares in the meme stock, according to a regulatory filing late Tuesday, taking his holding up to 11.9%. The purchase was made through Cohen's RC Ventures LLC Vehicle and takes his holding up to 9,101,000 shares. “I put my money where my mouth is,” Cohen said via Twitter.