Stock FAQs

how to buy gamestop stock reddit

by Gardner Schumm Published 3 years ago Updated 2 years ago
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How did Reddit affect GameStop?

Maybe it'll dip under $200 and then fly again? Only put in what you can afford to lose - there are zero guarantees in the market. My personal, non-professional, retarded investment plan for tomorrow is to buy if it dips down near 150, and to buy if it rises up over 200 on really good volume. My personal tard target is $400-$500.

What happened with GameStop stock?

Basically you aren't buying directly from GameStop, you are buying them from GameStop's designated transfer agent, which buys them on the open market through an exchange. They remove the shares from the DTC, which does mean they are not going to accept a FTD.

What is going on with GameStop and Reddit?

Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts

What happened to GameStop Reddit?

Hello all, very new to the stock word so had a noobish question. I bought small amount of stock in GME about a month ago at 5.50 thinking now would be a great time to buy with prices so low. I hoped to capitalize on the coming of next gen consoles this year. Sadly since I bought it the stocks price has been plummeting more each day.

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How do I buy GameStop stock directly?

How to buy shares in GameStop
  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. ...
  4. Research the stock. ...
  5. Purchase now or later. ...
  6. Check in on your investment.
Jan 7, 2022

Can you still buy GameStop stock?

Gamestop is listed on the NYSE and as such, you won't have to pay any commission when you buy stocks in the company on this trading platform.
...
2. Webull – Buy Gamestop Stock From Just $5.
Number of Stocks5,000+
Fee to Buy Gamestop StockCommission-Free
Minimum Deposit$0
1 more row
Apr 6, 2022

Is it a good idea to invest in GameStop?

GameStop is down 70% from record highs but remains a high-risk bet for investors given its negative profit margins and falling revenue. One of the most traded stocks in the last year, GameStop (NYSE: GME), has taken investors on a roller-coaster ride.Jan 20, 2022

Can you still buy GameStop stock on Robinhood?

Robinhood played a critical role when a group of Reddit posters saw an opportunity to make money while also giving a jab to Wall Street and hedge funds. However, Robinhood made the surprising move to restrict buying GameStop citing issues with volatile stock and regulatory requirements.Mar 17, 2021

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.

Where can I buy fractional shares of GameStop?

Invest in GameStop Corp on Stash

GameStop Corp. is an omnichannel video game retailer. Stash allows you to purchase smaller pieces of investments, called fractional shares, rather than having to pay the full price for a whole share. of GameStop Corp stock, you'll need to sign up for Stash and open a personal portfolio.

Is GameStop going out of business?

GameStop Stores Are Closing

At the end of 2020, GameStop announced that they planned to close 1,000 stores by March of 2021.
Nov 23, 2021

Is GameStop still a thing?

As of January 30, 2021, the company operated 4,816 stores including 3,192 in the United States, 253 in Canada, 417 in Australia and New Zealand and 954 in Europe under the GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek and Zing Pop Culture brands.

Do you buy before or after a stock split?

The bottom line: In a perfect world the best time to buy is before or on the announcement date. However, if we miss that trade, it pays to wait patiently until after the split to buy or add to your holdings.Apr 13, 2022

Who restricted GameStop trading?

On Wednesday, TD Ameritrade said it was restricting trading in GameStop GME, -5.35% and AMC Entertainment Holdings AMC, -5.43% , along with other names, amid a triple-digit percentage surge in the price of those companies in recent days.Jan 28, 2021

Who stopped GameStop trading?

Robinhood
Robinhood, which relies on a subsidiary of the DTCC called the National Securities Clearing Corporation (NSCC) to clear its trades, stopped all buying in shares of GameStop (ticker: GME), AMC Entertainment AMC –6.33% (AMC) and other stocks on Jan. 28. Other brokers also placed limits on some transactions.Feb 24, 2021

Is Robinhood legal?

YES–Robinhood is absolutely safe. Your funds on Robinhood are protected up to $500,000 for securities and $250,000 for cash claims because they are a member of the SIPC. Furthermore, Robinhood is a securities brokerage and as such, securities brokerages are regulated by the Securities and Exchange Commission (SEC).Dec 1, 2021

How much are GameStop shares worth in 2020?

If you had bought $1,000 worth of GameStop shares at the start of February 2020, those shares would have been worth $964.54 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $48.00.

What is GameStop's EBITDA?

The EBITDA is a measure of a GameStop's overall financial performance and is widely used to measure a its profitability .

What is a GME?

GameStop Corp (GME) is a leading specialty retail business based in the US. It opened the day at $209.14 after a previous close of $210.12. During the day the price has varied from a low of $208.25 to a high of $229.18. The latest price was $228.80 (25 minute delay). GameStop is listed on the NYSE and employs 12,000 staff. All prices are listed in US Dollars.

Why choose Tradestation?

We chose TradeStation for this category because it offers a sophisticated platform with deep analytics and research tools aimed at frequent traders and those wanting to day trade.

How to calculate GameStop's P/E ratio?

GameStop's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.86. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

How to delay stock purchase?

Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

When did GameStop split?

GameStop's shares were split on a 2:1 basis on 18 March 2007. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your GameStop shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for GameStop shares which in turn could have impacted GameStop's share price.

Is there a reason to own GameStop?

There's no reason to own Game Stop. None. Full stop. It's a dead biz model

Is Game Stop under valued?

yes. This market is unstable right now but game stop is one of the few out there that is actually UNDER valued. They have been buying back stock. They are consolidating losses and completely revamping their stores. They knew the next year would be rough until new consoles come out, they mentioned this many times at earnings call.

Can you post stock on /r/stocks?

Almost any post related to stocks is welcome on /r/stocks. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Check out our wiki and Discord!

Reddit Stocks: CoreCivic (CXW)

I’m cheating a bit with CoreCivic as a potential idea for top Reddit stocks in 2022 as its rival, Geo Group (NYSE: GEO) generated significant buzz across various social media channels. For me, the inclusion of GEO stock on Reddit traders’ radar was a curious one.

Workhorse (WKHS)

If any name could be the next GameStop, it could be Workhorse, the electric vehicle (EV) manufacturer that everyone seemingly thought was a shoo-in for the U.S. Postal Service’s contract for next-generation mail carriers.

Reddit Stocks: Corsair Gaming (CRSR)

I’m probably going to get trashed for mentioning Corsair Gaming as a possible big play among Reddit stocks in 2022. Mainly, this is due to how terrible CRSR stock has performed. Over the trailing one-year period heading into the first weekend of the new year, shares plummeted exactly 47%.

Cinemark (CNK)

Apparently, adherents to popular Reddit stocks to buy really love their cineplex operators. Again, we have another contradiction. While the subject features plenty of debate, a YPulse study suggested that what many suspected all along: young people might kill the box office.

Reddit Stocks: Marathon Digital (MARA)

With the year that cryptocurrencies had in 2021, it was perhaps only inevitable that the sector would incur a serious correction. As I sit here writing this, over the trailing week, several major cryptos have printed red ink to the magnitude of 15% or greater.

Lottery.com (LTRY)

As I mentioned before, this list of potentially massive Reddit stocks for 2022 is simply a giant guess. Treat this as merely my attempt to amuse myself. However, I’m noticing some patterns regarding which securities receive outsized attention. Therefore, it may not be out of the realm of possibility that Lottery.com could be a hit this year.

Reddit Stocks: Wallbox (WBX)

Though many ideas undergirding fast-moving Reddit stocks have been predictable, it’s important to remember that no one market community is a monolith. Within the same social media thread, you’ll find ample discourse and debate. This is to say, not every idea has been cynical. Therefore, I’m going to end on a positive note with Wallbox.

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