What happened to GameStop stock last week of January?
Mar 28, 2022 · Retail investors piled into GME stock, driving short covering, which resulted in a massive spike. Many of these investors have continued to monitor GameStop for some time, with the hopes that...
Is GameStop stock beginning to rally?
Mar 22, 2022 · The melt up may even accelerate, if FOMO (fear of missing out) leads other traders to pile in and bid up the price of GameStop stock. The scenario looks even more promising when elevated short ...
Why are shareholders still refusing to give up on GameStop?
Mar 28, 2022 · Why is GameStop Stock Up? GameStop has the wind at its back thanks to a general market uptrend buoyed by a collective sigh of relief around the Fed’s first interest rate hike since 2018. Despite the Russia-Ukraine conflict raging on, a building ‘ buy-the-dip ’ mentality has fueled a pronounced bounce in some of the hardest hit names—including several meme …
Will there be another short squeeze for 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.
What is a citron?
Is Robinhood trading restricted?
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 GameStop a good stock to buy?
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.
GameStop stock prediction 2021: a big crash ahead?
The GameStop drama has enthralled the financial media in recent days – and now film companies are clamouring to create a blockbuster movie that tells the story about how a small band of amateur investors made millions.
GameStop stock: buy or sell?
Some have expressed concern that retail investors who got on board the GameStop bandwagon too late will now be nursing irretrievable losses after getting sucked into the momentum that was fuelled by Wall Street Bets.
GameStop stock prediction: the 2021 picture
Is GameStop a good stock to buy? Well, there unfortunately seem to be few positive fundamental factors that justify entering into a position when the GME stock price remains at such an exorbitant level.