how low did gamestop stock go

What was Gamestops highest price?

22 rows · 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 134.6% above the current share price. The GameStop 52-week low stock price is 77.58 , which is 47.2% below the current share price. The average GameStop stock price for the last 52 weeks is 169.07 . For more information on how …

Could GameStop stock supercharge your portfolio?

102 rows · Discover historical prices for GME stock on Yahoo Finance. View daily, weekly or monthly format back to when GameStop Corp. stock was issued.

Why did GameStop skyrocket?

Jan 29, 2022 · Since January 2021, GameStop's stock price has seesawed. As of the close bell Friday, the share price was at $98.50, which is still more than what financial analysts say the company is worth. "The...

How high did GameStop go?

Feb 02, 2021 · Shares of GameStop ( GME 0.05% ) are plunging on Tuesday, furthering a brutal decline in the struggling video game retailer's stock price that …

Why was GameStop stock so low?

The decline added to significant short-term losses for investors. GameStop's shares are down over 20% so far this year compared to an 8% drop for the market. Thursday's decline came after a rival retailer announced its own holiday season results.Mar 3, 2022

How much did GameStop drop?

While the videogame retailer provided some updates on its new leadership team's goals, management declined to provide formal financial targets. GameStop (ticker: GME) reported a fiscal third-quarter adjusted net loss of $105.4 million, or $1.39 per share.Dec 9, 2021

How fast did GameStop stock drop?

GameStop stock drops by 40% in 25 minutes.Mar 10, 2021

What price did GameStop stock close at on 12 31 2020?

On December 30, 2020, the price was valued at 18.84 U.S. dollars per share. The cause of this dramatic increase is a concerted effort via social media to raise the value of the company's stock, intended to negatively affect professional investors planning to 'short sell' GameStop shares.Jan 31, 2022

Does GameStop short squeeze?

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. A growing focus on GameStop actual business performance indicates more downside potential.Feb 12, 2022

Did GameStop break the stock market?

The brick-and-mortar video game retailer fell more than 20% to a session low of $46.52 a share on Tuesday, following an 80% drop last week for its worst weekly performance ever. GameStop closed Tuesday's session 16.2% lower at $50.31. At its all-time high on Jan. 28, the stock was going for $483 a share.Feb 9, 2021

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

How much did short sellers lose on GameStop?

GameStop Short Sellers Extended Losses To $6.5 Billion In August.Sep 9, 2021

Does AMC short squeeze?

While it's unlikely that a major short squeeze will happen, considering AMC's current trading volume, it's still possible that minor short squeezes may occur thanks to rising short interest.Feb 16, 2022

What was Gamestops highest stock price?

That number is off slightly from the stock's all-time high closing price of $347.51 on January 27 (though the stock spiked very briefly to an all-time high of $483 in intra-day trading on January 28).Jun 9, 2021

What is the highest GameStop stock?

GameStop - Stock Price History | GMEThe 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 128.7% above the current share price.The GameStop 52-week low stock price is 77.58, which is 48.5% below the current share price.More items...

What is GameStop worth right now?

Betting On GameStop Anyway And made the company worth more than $13 billion, which is more than about a quarter of the companies in the S&P 500.Mar 14, 2022

GameStop

Robinhood

Since January 2021, GameStop's stock price has seesawed. As of the close bell Friday, the share price was at $98.50, which is still more than what financial analysts say the company is worth.

WallStreetBets

When the GameStop stock frenzy exploded, trading app Robinhood was at the center of the chaos. It was used so much that the company had to stop trading shares of GameStop in order to meet regulatory requirements.

Meme stocks

On its FAQ page, subreddit r/WallStreetBets describes itself as a "community for making money and being amused while doing it." Users regularly roast themselves over their big stock market losses and their lack of knowledge.

What are the lessons of GameStop?

Though GameStop was the star of Wall Street for that short, early stretch, the long-term result of this phenomenon was the birth of a concept known as meme stocks.

What happens if you buy into the Manic Short Squeeze too late?

The first is that buying into overhyped stocks in hopes that they will soar "to the moon" is a misguided and dangerous game. The second is that short squeezes don't last forever.

What is the maximum loss of a stock?

Traders who bought into the manic short squeeze too late are likely to suffer gruesome losses.

What happens when you short a stock?

When owning, or being long, a stock, your maximum loss is the amount of your investment. As long as you're not using margin, you can own a stock for forever and can't be forced to sell. If you believe a stock is undervalued, you having the luxury of time for the market to appreciate it and the stock to hopefully rise.

Why is short interest above 100% rare?

If you believe the shares of a company will fall, you "borrow" shares via your broker, sell them immediately, and then hope to "return" them by buying them back at a lower price, keeping the difference.

Is GM short interest?

In practice, this is rare, for several reasons. The greater the short interest in a stock, the higher the risk of a short squeeze. Many investors will avoid "crowded shorts" for this reason. Most brokers charge interest on borrowed stocks.

How much did GameStop stock close on Jan 13?

GM has almost no short interest and has traded in a 10% range over the past two weeks. On Sunday, Robinhood significantly relaxed restrictions and only 8 stocks are now restricted. This moving target of what is allowed should erode investors trust in the Robinhood platform.

How much is GameStop down in 2020?

Some retail traders jumped on GameStop's announcement, and in just a few days the stock closed at $31.40 a share on Jan. 13 -- a spike of more than 50% since the Jan. 11 announcement.

How many members are there in GameStop 2021?

In early December, GameStop reported that net sales plummeted in the third quarter of its fiscal year 2020, down more than 30% compared to the same time period in 2019. The retailer attributed this drop in sales to a number of reasons, including an "11% reduction in the store base."

Who are the directors of GameStop?

On Jan. 27, the group had some 3 million members. By Feb. 3, it had more than 8 million. Here is a timeline of how the GameStop saga unfolded. GameStop store logo on 14th Street at Union Square, Jan. 28, 2021, in New York City.

How much is GameStop's operating income?

GameStop announced in early January that it was appointing three new directors -- Alan Attal, Ryan Cohen and Jim Grube -- to its board. Cohen is the founder and former chief executive of the e-commerce platform Chewy and one of the largest shareholders in GameStop through the private firm he operates, RC Ventures.

Does GameStop have potential?

Finally, over the 12 months that ended in October, GameStop’s operating income came in at $96.7 million, while its top line was $7.3 billion, versus $6.45 billion for the year that ended in January 2020. Those who own GME stock should sell their shares now. But risk-tolerant investors looking for a retail turnaround stock should consider buying ...

Here comes Cohen

Meanwhile, there are multiple signs that GameStop does indeed have some potential. Specifically, famed investor Michael Burry bought shares of the company in 2019 when the stock was below $4. And according to Yahoo Finance, as of the end of the third quarter, Blackrock (NYSE: BLK ), State Street (NYSE: STT) and Morgan Stanley (NYSE: MS) ...

The big squeeze

To understand GameStop's current stock market run, you have to go back to August, when investor Ryan Cohen bought in to a roughly 10 percent ownership stake in the retailer. Cohen is best known as the founder of pet food superstore Chewy.com, which sold to PetSmart for $3.35 billion in 2017.

The fundamentals

Whether Cohen can turn GameStop around or not, the investor excitement around his new strategy presented a problem for the many investors who had shorted the stock (i.e. borrowed shares that they expected to go down in value).

Who owns GameStop stock?

While Dopierala continues to be bullish on GameStop as a whole, even he admits that the company's transformation "may not happen as quickly as suggested by the current stock price." Analyst consensus suggests GameStop could settle at a price of around $10 a share based on the fundamental health of the business.

How much did GameStop lose in 2020?

Despite GameStop’s bleak outlook, last year a well-known investor named Ryan Cohen increased his holdings of GameStop stock to more than 10% of the company, with hopes of transforming the mainly physical retailer into more of an online player.

What hedge fund lost money on GameStop?

The company had a net loss of $18.8 million, or 0.29 per share. As a result of results like that, GameStop stock had been drifting lower for years. It was around $56 a share in late 2013, but had fallen to under $4 by March of 2020. Of course, that was before the massive surge.

How many stores does GameStop have?

In fact, one hedge fund called Melvin Capital lost so much money on its GameStop short positions that it needed a capital infusion of nearly $3 billion to shore up its finances. And GameStop isn’t the only stock that has seen this kind of tug of war between retail investors and hedge funds lately. A few others include:

Is GameStop a dying company?

GameStop (NYSE: GME) is primarily a bricks-and-mortar video game retailer with more than 5,000 stores. But this business model is frowned upon by many in the investment community due to both long-term and short-term factors. Long-term, fewer and fewer gamers actually journey out to physical stores to purchase their games.

Did hedge funds bet against GameStop?

GameStop has suffer ed massive ly from these negative trends. And some have begun to consider it a dying business. In the third quarter of 2020 (the most recent reported), sales were about $1 billion, down 30% from the same quarter in 2019. The company had a net loss of $18.8 million, or 0.29 per share.