Betting site MyBookie is now letting users wager on whether the gaming retailer’s stock will continue to rise over the next few months, or whether it will come crashing back down to earth. As of this morning, bettors think the more likely outcome is that GameStop—which trades under the GME ticker symbol—will go above $420 before April 20.
Full Answer
Will GameStop stock keep rising?
Jan 27, 2021 · How High Will GameStop’s Stock Go? – Bet on the Stock Reaching $420. January 27, 2021, 9:36 pm 1.4k Views
Why is GME still up?
Nov 13, 2021 · how high will gme go? Can GME hit $1000 – So, can GME stock reach $1,000 per share. It’s certainly a possibility given that GameStop’s dark pool trading percentage is rather high, according to Stonk-O-Tracker data. Dark pool trading in GameStop has ranged between 30%-50%. This means 30%-50% of short selling has occurred behind closed doors.
Could GameStop go up again?
Mar 28, 2022 · If GameStop can make another high volume move past this level, the exuberance could last a lot longer. The next major resistance area would be around $250, meaning another $100 could be ahead.
Should you buy GME stock?
Mar 31, 2022 · The gaming retailer will request at its upcoming annual meeting that shareholders approve a proposal to increase the number of Class A shares to 1 billion from 300 million, according to a filing...
How high is GameStop stock predicted to go?
Stock Price Forecast The 3 analysts offering 12-month price forecasts for GameStop Corp have a median target of 87.70, with a high estimate of 90.00 and a low estimate of 30.00. The median estimate represents a -42.16% decrease from the last price of 151.63.
What is the highest GameStop stock?
The latest closing stock price for GameStop as of April 20, 2022 is 148.85.The all-time high GameStop stock closing price was 347.51 on January 27, 2021.The GameStop 52-week high stock price is 344.66, which is 131.5% above the current share price.More items...
Will GameStop ever go up?
However, in the last 12-months, the company has increased sales to $5.87 billion, while Wall Street expects the top-line to increase by 17.3% to $5.97 billion in fiscal 2022. In Q3 of fiscal 2022, GameStop sales were up a healthy 30% year over year at $1.29 billion.Jan 20, 2022
How much did GameStop stock go up at its highest?
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).
How much did GameStop stock surge?
In January, GameStop's stock price shot through the roof reaching a peak of $483. There were many questions about this sudden surge, especially from the Securities and Exchange Commission, which investigated the rise and fall of the so-called "meme stocks" at the start of the year.Oct 18, 2021
How much did GameStop stock increase in January 2021?
Stocks 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.Jan 31, 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.
Is GME short squeeze over?
The dollar amount of shorted GME shares has greatly declined over the last year, however. GameStop's share price also went through a large drop in pricing. A short squeeze, one year after GME gained traction on WallStreetBets, is unlikely to happen.Feb 12, 2022
Is GM stock going to recover?
GM stock has risen by 78% since the end of 2018 compared to the S&P500 which has increased by 57% in the same period. In 2021 we expect revenue to recover marginally while earnings are expected to recover after a fall in 2020 with the impact of Covid-19.Feb 18, 2022
Who shorted GameStop?
Mohammad Hormozzadeh, a 31-year-old day trader in Brooklyn, N.Y., was one of those investors who directly registered shares. He expects the big short squeeze to hit GameStop later this year.Feb 5, 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
Which hedge funds lost GameStop?
Steven Cohen's hedge fund Point72 Asset Management invested new money as Melvin was taking losses last year. Melvin had been betting against GameStop since 2014. It profited as the shift toward downloaded and streaming videogames caused the bricks-and-mortar retailer's stock to drop.Jan 28, 2022
What Happened?
The users at WallStreetBets essentially gamed the stock market system by creating a demand for GameStop’s stock by flooding the market with their own cash. The WallStreetBets forum is home to over two million users, so this is clearly no small operation.
What About AMC?
AMC and the entertainment industry all over the world has been hit hard by the pandemic. Movie theaters are closed in many places as people are being advised against gathering indoors. There is the real risk that many will go out of business soon if they haven’t already.
Can I Bet On This?
You sure can. Financial betting sites like MyBookie have noticed the flurry of activity around GameStop, and the good people over there are now offering you the chance to bet on whether the trend continues. MyBookie has a prop asking whether GameStop’s stock price will exceed $420 per share by the time April 20 rolls around.
GameStop Short Interest
GameStop’s short interest is still rather high. GME’s current short interest is sitting at 8.49% via. Ortex.
GME Utilization Rate
GME stock utilization rate is currently 31.68%. This more than a quarter of the available shares in the market are loaned.
GME Stock: Shares On Loan
GME’s shares on loan refers to the number of shares that are being borrowed.
How High Will GME Stock Go?
So, can GME stock reach $1,000 per share. It’s certainly a possibility given that GameStop’s dark pool trading percentage is rather high, according to Stonk-O-Tracker data.
What Analysts Think
None of this makes any sense to the establishment analysts. Barron’s reported that “ analysts don’t think it will last ” when referring to GME stock’s rise last week.
What to Do With GME Stock
Now that GME stock has risen so far so fast, the natural reaction might be to wait until it regains some stability, possibly at a lower level. My point, however, is that it is not uncommon for a retail stock to trade for 1.5 to 2 times revenue, especially if earnings begin to appear down the line.
Who is the CEO of GameStop?
So although GameStop’s CEO George Sherman isn’t fit to pick the company up from the ground up, the company is actively seeking a new CEO to takeover. GameStop could really use a CEO like Adam Aron right now. Adam Aron is the CEO and President of AMC Entertainment.
Does Fundamentals drive GameStop stock?
Fundamentals can also drive GameStop’s stock price up. The company will have to run efficiently by being able to meet projected goals. While replacing their CEO is the first step, the new sheriff in town will have to bring more value than George Sherman has.
Is GameStop a storm?
GameStop has taken the entire internet and finance world by a storm. What is happening nowadays. Retail investors over at r/wallstreetbets have opened Pandora’s Box on short-sellers and hedge fund institutions.
Is Gamestop stock shorted?
GameStop stock is still being heavily shorted. With GameStop becoming a technology company, its value has not only significantly gone up but it now has even more potential to keep driving its momentum. Retail investors have a strong conviction towards GameStop investment.
Is GameStop stock in bullish territory?
Not only are retail investors experiencing a lot of volatility, but GameStop stock seems to be in bullish territory which is great for volume.