Why did the price of GameStop stocks jump so suddenly?
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 135.8% above the current share price. The GameStop 52-week low stock price is 77.58 , which is 46.9% below the current share price. The average GameStop stock price for the last 52 weeks is 169.04 . For more information on how …
Why did GameStop stock rise?
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. ... GameStop Corp. (GME) NYSE - NYSE Delayed Price ...
Why is GameStop stock going up?
Apr 07, 2022 · GameStop's stock was trading at $4.14 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GME stock has increased by 3,431.2% and is now trading at $146.19.
When did the GameStop stock thing start?
Feb 02, 2021 · GameStop has had an incredible run from $20 to $325 in the past 2 weeks, fueled by a combination of short squeeze and gamma squeeze. Why Did GameStop's Stock Price Go Up: Explaining The Squeeze ...
How much did GameStop stock go up at its highest?
The latest closing stock price for GameStop as of April 08, 2022 is 146.19. 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 135.8% above the current share price.
How much did GameStop stock reach?
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. On December 30, 2020, the price was valued at 18.84 U.S. dollars per share....CharacteristicShare price in U.S. dollars01/12/2022128.0612 more rows•Jan 31, 2022
How much did GameStop rise?
GameStop shares jump after the Reddit favorite raises $551 million in stock sales. GameStop sold 3.5 million additional shares, raising $551 million to speed up the company's e-commerce transformation. Shares are up nearly 800% this year.Apr 26, 2021
Why did GameStop stock go up so much?
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
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
Is GameStop going to 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
Who bought GameStop stock?
Billionaire Ryan Cohen'sMarch 22 (Reuters) - Billionaire Ryan Cohen's investment company bought 100,000 shares of GameStop Corp (GME. N), according to a regulatory filing on Tuesday, sending the videogame retailer's shares 16% higher in extended trading.Mar 22, 2022
How much did GameStop stock jump?
GameStop stock jumps after the original meme stock cashes in again with $1 billion share sale. A GameStop store is pictured in New York, January 29, 2021. GameStop shares climbed after the video game retailer said it sold 5 million additional shares, raising $1.13 billion in capital to accelerate growth.Jun 22, 2021
Is GameStop still worth investing in?
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
Is GameStop still being 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 profitable?
Consensus from 4 of the American Specialty Retail analysts is that GameStop is on the verge of breakeven. They anticipate the company to incur a final loss in 2022, before generating positive profits of US$35m in 2023. So, the company is predicted to breakeven approximately 2 years from today.Dec 9, 2021
How much did hedge funds lose on GameStop?
Gabe Plotkin wasn't sleeping. His bets against meme stocks such as GameStop Corp. GME -2.54% were backfiring, and losses at his $12.5 billion hedge fund were mounting. Strangers angry about his wagers were bombarding him with threatening messages and texts.Jan 28, 2022
Is GameStop a buy right now?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently 4 sell ratings for...
How has GameStop's stock price been impacted by COVID-19 (Coronavirus)?
GameStop's stock was trading at $4.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organiz...
When is GameStop's next earnings date?
GameStop is scheduled to release its next quarterly earnings announcement on Wednesday, June 8th 2022. View our earnings forecast for GameStop .
How were GameStop's earnings last quarter?
GameStop Corp. (NYSE:GME) released its quarterly earnings results on Thursday, March, 17th. The company reported ($1.86) earnings per share (EPS) f...
What price target have analysts set for GME?
4 brokerages have issued 12 month target prices for GameStop's shares. Their forecasts range from $30.00 to $146.00. On average, they anticipate Ga...
Who are GameStop's key executives?
GameStop's management team includes the following people: Mr. James Anthony Bell , Sr. Adviser (Age 54, Pay $895.52k) Mr. Matthew Furlong , Pre...
What is George Sherman's approval rating as GameStop's CEO?
342 employees have rated GameStop CEO George Sherman on Glassdoor.com . George Sherman has an approval rating of 26% among GameStop's employees. T...
Who are some of GameStop's key competitors?
Some companies that are related to GameStop include Tractor Supply (TSCO) , Carvana (CVNA) , Best Buy (BBY) , H & M Hennes & Mauritz AB (publ)...
What other stocks do shareholders of GameStop own?
Based on aggregate information from My MarketBeat watchlists, some companies that other GameStop investors own include General Electric (GE) , AT...
Is GameStop a buy right now?
What stocks does MarketBeat like better than GameStop?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently 5 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "sell" GameStop stock.#N#View analyst ratings for GameStop or view top-rated stocks.
How were GameStop's earnings last quarter?
Wall Street analysts have given GameStop a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but GameStop wasn't one of them.
How has GameStop's stock been impacted by COVID-19 (Coronavirus)?
GameStop Corp. (NYSE:GME) announced its quarterly earnings results on Wednesday, September, 8th. The company reported ($0.76) EPS for the quarter, missing the Zacks' consensus estimate of ($0.67) by $0.09. The business earned $1.18 billion during the quarter, compared to analyst estimates of $1.12 billion.
What price target have analysts set for GME?
GameStop's stock was trading at $4.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GME shares have increased by 4,701.9% and is now trading at $198.80.#N#View which stocks have been most impacted by COVID-19.
What is George Sherman's approval rating as GameStop's CEO?
7 Wall Street analysts have issued 1-year target prices for GameStop's shares. Their forecasts range from $5.00 to $50.00. On average, they expect GameStop's share price to reach $22.00 in the next twelve months.
Who are some of GameStop's key competitors?
342 employees have rated GameStop CEO George Sherman on Glassdoor.com. George Sherman has an approval rating of 26% among GameStop's employees. This puts George Sherman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
When did Chrysler go bankrupt?
Some companies that are related to GameStop include Carvana (CVNA), Coupang (CPNG), Chipotle Mexican Grill (CMG), Dollar General (DG), ITOCHU (ITOCY), eBay (EBAY), Walgreens Boots Alliance (WBA), Match Group (MTCH), Ross Stores (ROST), O'Reilly Automotive (ORLY), Seven & i (SVNDY), Yum! Brands (YUM), Compass Group (CMPGY), The Kroger (KR) and AutoZone (AZO).#N#View all of GME's competitors..
What happens when you short a stock?
Many automakers were viewed as bankruptcy risks, and in fact, Chrysler filed bankruptcy in April 2009 and General Motors ( GM) followed a month later.
What is a citron?
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 Robinhood trading restricted?
Citron is best known for its “short reports”, which demonstrate through research and analysis that specific companies are likely to lose value . The firm bet against those companies by short-selling shares, and many large investors like hedge fund Melvin Capital followed Citron’s lead.
Who owns GameStop stock?
The volume of trades exhausted Robinhood’s resources, and trading had to be restricted to stay in compliance with regulatory requirements. However, it appears that the damage is done, and many detractors have sworn off Robinhood in favor of alternative platforms.
How many stores does GameStop have?
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?
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.
How much did the company lose in 2020?
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:
How much stock did GameStop sell?
The company had a net loss of $18.8 million, or 0.29 per share.
Why did GameStop stock fall?
As of January 31, executives at BlackBerry and GameStop had sold more than $22 million in stock since January 1. There is no allegation of insider trading among BlackBerry executives, according to CBS News. Three BlackBerry executives sold nearly $1.7 million of the company's stock, with one of the executives, Chief Financial Officer Steve Rai, selling all of his shares in the company excepting unvested employee stock options.
What happened to GameStop in 2021?
GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person. As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. On January 22, 2021, approximately 140 percent of GameStop's public float had been sold short, meaning some shorted shares had been re-lent and shorted again. Analysts at Goldman Sachs later noted that short interest exceeding 100 percent of a company's public had only occurred 15 times in the prior 10 years.
How much does George Sherman own?
In January 2021, a short squeeze of the stock of the American video game retailer GameStop ( NYSE : GME) and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares ...
Who owns GameStop?
GameStop CEO George Sherman owns over 2.3 million shares in the company, according to Bloomberg News. These shares were worth $44 million on December 31, but reached $1.1 billion when GameStop's stock reached $469, briefly making him a billionaire, before the value of his stock dropped to $901 million on January 29.
What is gamma squeeze?
However, investor Michael Burry, who had acquired a 3.3-percent stake in GameStop in 2019, criticized the short squeeze, stating that "there should be legal and regulatory repercussions", and adding "this is unnatural, insane, and dangerous".
What happened to Robinhood?
According to the Financial Times, a "gamma squeeze" also took place in addition to the short squeeze: as traders bet on the rise of stocks by purchasing call options, options sellers hedge their positions by purchasing the underlying stocks (here, GameStop and the related securities), thereby driving their prices even higher.
How much did GameStop stock close on Jan 13?
A Robinhood customer filed a class-action lawsuit against the company on January 28 for halting trading on GameStop. The lawsuit, which was filed in the United States District Court for the Southern District of New York, claimed that Robinhood "purposefully, willfully, and knowingly removing the stock 'GME' from its trading platform in the midst of an unprecedented stock rise thereby deprived retail investors of the ability to invest in the open-market"; the lawsuit also accused Robinhood of "manipulating the open-market". Several other investors began using the app DoNotPay to automatically join the lawsuit.
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.
Who plays Michael Burry in The Big Short?
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.
Who is the CEO of SpaceX?
Gill and other members of the forum also cited the bullish GameStop stance of Michael Burry, the legendary trader who was portrayed by Christian Bale in the 2015 film "The Big Short," as fuel for their investment choices.
Who is Josh White?
SpaceX owner and Tesla CEO Elon Musk appears on the red carpet for the Axel Springer award, in Berlin, Germany, Dec. 1, 2020. Just after markets closed on Jan. 26, Elon Musk tweeted the term used heavily in the Reddit page to refer to GME -- "Gamestonk!!". -- and a link to the r/wallstreetbets forum.
