Should I Buy GameStop stock?
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 134.6% above the current share price. The GameStop 52-week low stock price is 77.58 , which is 47.2% below the current share price. The average GameStop stock price for the last 52 weeks is 169.07 . For more information on …
Who is buying GameStop stock?
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.
Why did the price of GameStop stocks jump so suddenly?
Find the latest GameStop Corp. (GME) stock quote, history, news and other vital information to help you with your stock trading and investing.
How to Buy GameStop stock?
Feb 12, 2021 · As of their latest financial report, GameStop has $446M in cash and an additional $141M in restricted cash to go against $213M in lease liabilities due in a year and $246M in short-term debt. Prior to the pandemic, the company was generating cash from operations albeit declining from over $500M a few years ago to just over $300M in FY2019.
What was GameStop at before?
Babbage'sGameStopLogo since 2000FormerlyBabbage's (1984–1999)ParentNeoStar Retail Group (1994–1996) Babbage's Etc. (1996–1999) Barnes & Noble (1999–2004)SubsidiariesBabbage's EB Games EB Games Australia Game Informer Geeknet Micromania-Zing Rhino Video Games ThinkGeek Zing Pop Culture AustraliaWebsitegamestop.com18 more rows
What price did GameStop stock close at on 12 31 2020?
On December 30, 2020, the price was valued at 18.84 U.S. dollars per share. The cause of this dramatic increase is a concerted effort via social media to raise the value of the company's stock, intended to negatively affect professional investors planning to 'short sell' GameStop shares.Jan 31, 2022
How much was GameStop stock in the beginning?
At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$500 per share, nearly 30 times the $17.25 valuation at the beginning of the month.
What is the highest GameStop stock has ever been?
GameStop - Stock Price History | GMEThe 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 106.6% above the current share price.The GameStop 52-week low stock price is 77.58, which is 53.5% below the current share price.More items...
What is GameStop worth right now?
Betting On GameStop Anyway And made the company worth more than $13 billion, which is more than about a quarter of the companies in the S&P 500.Mar 14, 2022
Does GameStop short 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
How did GameStop stock soar?
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
How long did GameStop take to squeeze?
GameStop is an American video game and gaming merchandise retailer, the shares of which closed at under $20 per share on January 12, 2021. In around 10 trading days, a series of short squeezes occurred making the stock price jump over 15 times, eventually resulting in a stock price as high as $500.Apr 11, 2021
What made GameStop stock go up?
GameStop's stocks are surging again following weeks of volatility on the stock market, sparked by a group of Reddit users who came together to short squeeze the hedge funds that bet against the video game store chain.Mar 1, 2021
How much did hedge funds lose on GameStop?
Gabe Plotkin wasn't sleeping. His bets against meme stocks such as GameStop Corp. GME 0.05% 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
What does it mean when a stock is squeezed?
The term squeeze can be used to describe several situations that involve some sort of market pressure. In finance, the term is used to describe situations wherein short-sellers purchase stock to cover losses or when investors sell long positions to take capital gains off the table.
Why is GameStop stock still high Reddit?
The driving forces behind the stock having skyrocketed to a high of around $350 per share in Q1 included (1) frequent Reddit mentions, (2) significant coverage on mainstream media, (3) large volume changes and, to a lesser extent, (4) elevated short interest.Nov 23, 2021
How much did Lizabeth Dunn sell for GameStop?
What is inside scoop?
It is the first stock sale for Fernandez, who joined GameStop’s board in April 2019. Lizabeth Dunn sold 5,000 shares on Jan. 13 for $156,700, a per-share average price of $31.34. Dunn, founder and CEO of Pro4ma, an IT services consulting firm, now owns 57,258 GameStop shares. She joined the board in April 2019, and this is her first sale of stock.
How many shares does Wolf own?
Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members —so-called insiders—as well as large shareholders, politicians, and other prominent figures.
How much stock did GameStop sell?
Wolf is managing member and chief investment officer of Hestia, which now owns 409,600 GameStop shares, according to a form he filed with the Securities and Exchange Commission. Wolf himself still owns 50,689 GameStop shares in a personal account.
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 $1.7 million of the company's stock, with one of the executives, Chief Financial Officer Steve Rai, selling all of his shares in the company excepting unvested employee stock options.
What happened to GameStop stock in 2021?
GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person. As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. On January 22, 2021, approximately 140 percent of GameStop's public float had been sold short, meaning some shorted shares had been re-lent and shorted again. Analysts at Goldman Sachs later noted that short interest exceeding 100 percent of a company's public had only occurred 15 times in the prior 10 years.
How much did Bitcoin increase in value?
In January 2021, a short squeeze of the stock of the American video game retailer GameStop ( NYSE : GME) and other securities took place , causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further. The short squeeze was initially and primarily triggered by users of the subreddit r/wallstreetbets, an Internet forum on the social news website Reddit, although a number of hedge funds also participated. At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$ 500 per share, nearly 30 times the $17.25 valuation at the beginning of the month. The price of many other heavily shorted securities and cryptocurrencies also increased.
What is gamma squeeze?
In addition, the price of Bitcoin, the world's largest cryptocurrency, increased 20 percent in value to more than $37,000 after Elon Musk endorsed it in his Twitter bio, partially related to the surge in the GameStop share price by Reddit users. Robinhood then began limiting the trading on Dogecoin.
What is the price of GameStop in 2021?
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.
Who owns GameStop?
As of January 28, 2021. [update] , the all-time highest intraday stock price for GameStop was $483.00 (nearly 190 times the low of $2.57 reached 9 months earlier in April 2020). In pre-market trading hours the same day, it briefly hit over $500, up from $17.25 at the start of the month.
