Full Answer
Is GameStop worth investing in?
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 …
Why did the price of GameStop stocks jump so suddenly?
Apr 10, 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. View which stocks have been most impacted by COVID-19.
Should I Buy GameStop stock?
37 minutes ago · GameStop GME, the “meme stock” that shook the financial markets to its core at the beginning of 2021, with a short-squeeze for the history books, has once again made its way to the top of the ...
Who is buying GameStop stock?
The last week of January delivered a shock to the market. After starting the month under $20 per share, GameStop stock shot up to a peak of $483, then drifted down a bit to close just below $330 per share. Hedge funds lost billions after betting that GameStop prices would go down, and the market as a whole had its worst week since October 2020.
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 is a stock of GameStop worth right now?
Performance OutlookPrevious Close144.87Bid149.65 x 2200Ask150.00 x 800Day's Range142.02 - 152.1352 Week Range77.58 - 344.663 more rows
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
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
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.
What was the 52 week high for GameStop?
$344.66GME Real-Time QuotesNLS Volume764,801Previous Close$170.73Today's High / Low$170.73/$155.1152 Week High / Low$344.66/$77.58
How much is game stock today?
Cl A Stock Quote (U.S.: NYSE) MarketWatch....$ 143.20.CloseChgChg %$123.1428.9430.72%
Why is GameStop stock rising?
GameStop shares skyrocketed in January as retail investors, urged on by popular Reddit forum WallStreetBets, bought the stock as a way to punish hedge funds that had taken an outsized short bet against it.Feb 26, 2021
What is GameStop scandal?
Popular investing app Robinhood became the focus of the controversy after it decided to freeze trades for GameStop on Jan. 28. Shares of the video game retailer spiked after traders on Reddit began frantically buying the company's stock. GameStop shares have since came crashing down only to shoot up once again.Mar 17, 2021
How much did short sellers lose on GameStop?
GameStop Short Sellers Extended Losses To $6.5 Billion In August.Sep 9, 2021
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...
What is a citron?
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.
Is Robinhood trading restricted?
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.
What happens when you short a stock?
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.
When did Chrysler go bankrupt?
Many automakers were viewed as bankruptcy risks, and in fact, Chrysler filed bankruptcy in April 2009 and General Motors ( GM) followed a month later.
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.
What is gamma squeeze?
A gamma squeeze are momentum gains. These usually occur from call options closing in the pocket resulting in heavy buys or purchases in the market. A short squeeze is vigorous and can spike with no warning. This is where you see 100% gains in a matter of seconds and minutes.
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.
Can retail investors save a company?
Retail investors now have the power to save any company they wish to save. Now it’s only a matter of time for GameStop to step up and raise capital so that they can innovate and provide more value back.
What is short selling?
Short-sellers are investors who short the stock. Shorting a stock is the process by which sellers essentially bet on the stock price to drop. They borrow stocks at a higher cost and sell the stock low, profiting the difference. How short selling works.
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.
Here comes Cohen
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 big squeeze
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).
The fundamentals
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.
Promoted Comments
"If GameStop takes practical steps to cut its excessive real estate costs and hire the right talent, it will have the resources to begin building a powerful e-commerce platform that provides competitive pricing, broad gaming selection, fast shipping, and a truly high-touch experience that excites and delights customers."
