All told, these nine investors made a total of roughly $16 billion on their GameStop stakes, just in January. That means they grabbed roughly three-quarters of the $20.4 billion gain in the company's market value this year. GameStop is now worth $22.7 billion, up from just $1.3 billion a month ago. The rally in GameStop is breathtaking.
Full Answer
Why did GameStop stock go up in price?
Big investors starting ‘shorting’ the stock, meaning they would make money if the price dropped even more. Reddit users saw an opportunity and encouraged small investors to buy stock in Gamestop, driving up the price. “Just these few people decided to shake the system and they made the stock market go up,” Vance said.
Who is GameStop's biggest investor?
Michael Burry, who was depicted by Christian Bale in 2015's "The Big Short," is also a big GameStop investor. Burry’s fund owned more than 1.7 million shares as of the end of September. Assuming he hasn’t sold, that stake in the company reached a peak value of $821 million this week.
How much of GameStop stock does George Sherman own?
CEO George Sherman owns 2.36 million shares of stock. The value of those shares has risen from $45 million a month ago to as high as $1.13 billion this week. GameStop CFO James Bell also owns 511,905 shares of the company’s stock. The value of his stake has climbed from $9.9 million to as high as $247.2 million in the past month.
Is GameStop the best stock to buy on the S&P 500?
Even following a nearly 21% drop the past month to 173.80, shares of GameStop are up more than 821% just this year so far. No S&P 500 stock comes even close. The top-performing S&P 500 stock this year is energy company Devon Energy ( DVN ), which is up 184%.
How much money did investors Make on GameStop?
A few weeks after hitting its all-time high, shares of GameStop had settled down to just over $51, more than double what they were worth one month earlier. If you had invested $1,000 in GameStop on Feb. 11, your investment would have grown to $2,121.31 by Jan. 18, 2022 — a return of 113%.
Did GameStop make money from stock market?
GameStop's stock price enjoyed gains through most of January 2021, but they exploded late in the month and peaked on Jan. 28, reaching a record high of $483. Shares of GameStop started the year at $19.
How much money did GameStop guy make?
While he gave up the quick payday on this options trade, his long investment is now even more wildly profitable with his average cost at $55.17, according to Gill's latest update on Reddit's r/WallStreetBets forum Friday. GameStop closed Friday at $154.69, giving him a profit of nearly $20 million.
Is GameStop stock worth buying?
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.
Who got rich off stocks?
Certain billionaires made their fortunes in the stock market. The list includes John Paulson, Warren Buffett, James Simons, Ray Dalio, Carl Icahn, and Dan Loeb. Buffett is by far the richest person of these six famous investors, with a net worth of $116 billion.
Who got rich on GameStop?
One veteran who said he made millions on GameStop was Bill Gross, the retired “bond king” and former star manager at California money management giant Pacific Investment Management Co.
Who owns the most shares of GameStop?
The Vanguard Group, Inc.Top 10 Owners of GameStop CorpStockholderStakeShares ownedThe Vanguard Group, Inc.7.69%5,871,283BlackRock Fund Advisors6.33%4,828,648SSgA Funds Management, Inc.2.21%1,684,263Geode Capital Management LLC1.04%792,1666 more rows
How much did Gill make on GameStop?
Gill posted images on Reddit that showed his original $53,000 bet on GameStop had ballooned in value to $48 million, a trading coup that turned him into an online folk hero to legions of would-be traders. The settlement also included other details of Mr.
How much did hedge funds lose on GameStop?
Gabe Plotkin wasn't sleeping. His bets against meme stocks such as GameStop Corp. GME 6.70% 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.
Is GameStop expected to rise?
Its baseline GameStop share price forecast pointed to an average closing price of $178.860 on 11 April 2022. Meanwhile, for December 2022 this same service expected that the price could rise to $209.41.
How much will GME stock be worth?
Gamestop Corporation - Class A quote is equal to 135.140 USD at 2022-06-18. Based on our forecasts, a long-term increase is expected, the "GME" stock price prognosis for 2027-06-11 is 415.672 USD. With a 5-year investment, the revenue is expected to be around +207.59%.
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.
Who Is Keith Gill? Humble Beginnings
Keith Gill is probably best known by his online pseudonyms, Roaring Kitty on YouTube and DeepFuckingValue on Reddit.
GameStop – The Next BlockBuster?
To understand the contrarian nature of Keith Gill’s investment in GameStop, you have to understand the narrative of the company.
YOLO
Keith embraced his role as a contrarian value investor and began posting monthly screenshots of his GameStop trading account.
The Short Squeeze
Long before the GameStop mania set in and sent the price skyrocketing from $17.25 to $325 in the first month of 2021 alone, Keith Gill saw the opportunity for a “short squeeze”.
GameStop Reddit Mania
By early January 2021, what started as a value play by one investor on WallStreetBets had become a rallying cry to millions of followers.
Keith Gill (DeepFuckingValue) Net Worth Updates
After this article was published, the GameStop story continues to unfold. Keith’s total porfolio value will keep changing with swings in the stock.
Did DeepFuckingValue Sell?
As of his latest post on 4/16/2021, DeepFuckingValue has NOT sold his GameStop stock. While he did sell part of his position in January and holds about $13 million in cash, he owned 100,000 shares of GME stock and 500 Call Options. When his call options expired, he bought additional stock and now hold 200,000 shares.
GameStop: Not In The S&P 500
GameStop's prospects aren't great. It sports a middling 9 IBD Composite Rating. That means its chart and fundamentals only underperform 91% of all companies' And the company is seen losing money in fiscal 2022, ended in January 2022.
Reading The Message From GameStop Stock
The rally in GameStop is a signal on many levels. It's a reminder to investors to know how important it is to buy and sell at the right time.
