Why did the price of GameStop stocks jump so suddenly?
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 GameStop skyrocket?
Mar 31, 2022 · Opening Price Closing Price High Low Volume Market Capitalization; 04/05/2022: $170.73: $153.59-10.04%: $168.43: $152.00: 3.93 million shs: $11.72 billion: 04/04/2022: $165.00: $170.73 +3.47%: $173.24: $156.51: 4.56 million shs: $13.03 billion: 04/01/2022: $166.58: $165.00-0.95%: $189.77: $155.26: 13.11 million shs: $12.60 billion: 03/31/2022: $166.85: $166.58 …
What exactly happened with GameStop?
23 hours ago · NYSE:GME inched lower on Tuesday as the broader markets recoiled after the latest inflation report cancelled out a hot start to the day. Shares of GME fell by 1.40% and closed the trading session ...
Could GameStop stock supercharge your portfolio?
Find the latest GameStop Corp. (GME) stock quote, history, news and other vital information to help you with your stock trading and investing. ... GME: Lowering target price to $122.00GAMESTOP ...
Gamestop down after earnings
GameStop investors looking for earnings-call fireworks have to settle for tumbleweeds
Meme-stock stalwart Gamestop slips after hours following its Q2 earnings release.
GameStop Earnings Miss Prompts Another Stock Price Pullback
An uneven quarter and a 7-minute-long earnings call were not the bold plan that many were hoping for from the meme stock and its chairman, Ryan Cohen.
GameStop Narrows Losses, Posts Sales Growth in Latest Quarter
Investors may still be more interested in hearing what the company's new leadership has in mind for its e-commerce overhaul.
GameStop Posts Wider Net Loss Than Expected. The Stock Is Sliding
While the fiscal second quarter is typically slowest for the videogame retailer’s sales, the company reported growth across its hardware, software and collectibles categories.
GameStop (GME) Reports Q2 Loss, Tops Revenue Estimates
Videogame retailer GameStop reported an adjusted net loss of 76 cents a share, which was larger than analyst estimates.
GameStop stock dips on mixed earnings results
GameStop (GME) delivered earnings and revenue surprises of -80.95% and 5.22%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock?
How much stock did GameStop sell?
GameStop Corp.'s stock fell 2% in extended trading Wednesday after the company reported fiscal second-quarter results that beat revenue estimates but fell short on earnings.
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 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 does George Sherman own?
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 ...
Who owns GameStop?
GameStop CEO George Sherman owns over 2.3 million shares in the company, according to Bloomberg News. These shares were worth $44 million on December 31, but reached $1.1 billion when GameStop's stock reached $469, briefly making him a billionaire, before the value of his stock dropped to $901 million on January 29.
What is gamma squeeze?
However, investor Michael Burry, who had acquired a 3.3-percent stake in GameStop in 2019, criticized the short squeeze, stating that "there should be legal and regulatory repercussions", and adding "this is unnatural, insane, and dangerous".
What happened to Robinhood?
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.
