How high did GME stock go in the squeeze?
On March 9, the stock surged to its highest point since January, resulting in a market capitalization over $17 billion. Shares closed at $246.90, and increased a further 3 percent in after-hours trading.
What was GME market cap at peak?
Market cap history of GameStop from 2002 to 2022YearMarket capChange2020$1.31 B227.85%2019$0.40 B-68.85%2018$1.28 B-29.23%2017$1.81 B-29.34%17 more rows
Whats the highest price a stock has ever reached?
$445,000What Is the Highest Stock Price Ever? Berkshire Hathaway holds the title for having the highest stock price—$445,000.
Why is GME stock so high?
A high demand for shorting GME stock means there's a play to squeeze shorts out of their positions. GME shareholders still have a chance to make a ton of money. Short sellers have not backed off from shorting GameStop and continue to play with fire.
How big is GameStop now?
Before the short squeeze, Gamestop's revenue was over $6.4 billion, and it faced a quarterly revenue decline of 28.37%. Despite the losses, GME was undeniably undervalued. It had a ridiculously low market capitalization of just $180 million in March 2020.
What was Gamestops market cap in 2020?
GameStop's market cap is $9.822 billion.
How high can a stock go?
If you short a stock at $10, it can't go lower than zero, so you can't make more than $10 per share on the trade. But there's no ceiling on the stock. You can sell it at $10 and then be forced to buy it back at $20 … or $200 … or $2 million. There is no theoretical limit on how high a stock can go.
Is it worth it to buy 1 share of stock?
Is it worth buying one share of stock? Absolutely. In fact, with the emergence of commission-free stock trading, it's quite feasible to buy a single share. Several times in recent months I've bought a single share of stock to add to a position simply because I had a small amount of cash in my brokerage account.
What was the biggest short squeeze in history?
In one of the biggest short squeezes of all time, automaker Volkswagen became "the world's priciest firm" over the course of a single trading day. Just before this massive spike, Volkswagen was widely believed to be an independently owned entity.
Is GameStop a good stock to buy 2022?
However, according to financial experts, the insurgence comes as a shock after the 2022 early predictions for this company, as its current stock value far exceeds the company's real worth. Since March 1, GameStop's stock market value has ranged between $78 and $189.
Does GME have a future?
GameStop Corp (NYSE:GME) The 3 analysts offering 12-month price forecasts for GameStop Corp have a median target of 87.70, with a high estimate of 90.00 and a low estimate of 30.00. The median estimate represents a -4.05% decrease from the last price of 91.40.
Does GameStop short squeeze?
Summary. A large portion of the market still expects a short squeeze, or a monster short squeeze, in shares of GameStop. The dollar amount of shorted GME shares has greatly declined over the last year, however. GameStop's share price also went through a large drop in pricing.