As the Reddit crowd was amassing its positions, chewy co founder Ryan Cohen invested $76 million into GME at an average price of $8.43 in late 2020. Here’s what you need to know about shorts, Reddit… Individual investors coordinated a buying spree in the video game retailer’s shares using online message boards. Until two weeks ago, GME had been trading below $20 for the past twelve months. A good question! Ultimately the price reached an all-time high of $508 in after-hours trading on the 28th of Jan. Reddit stocks are ready to ride a rocket ship to the moon once again, with top names GME stock, AMC and NOK leading the way today. On a reddit forum called /r/wallstreetbets, something was indeed cooking. Ryan Cohen’s $11.50 GME is looking like a pretty great buy. ... and its stock price duly plummeted to record lows. GME should legit be an $80 stock after the short squeeze is over. To make this easy, let’s say the stock costs R10. But in this trading saga, Reddit users had driven up the price by buying so much. Monday, with an even larger spotlight on the trade, GME blew its top at $159.18, eventually settling at $76.79. You'll find them in suburban shopping centres across the … Inside the Reddit army that's crushing Wall Street. GameStop share price explained: How GME stock value was driven up by Reddit and Elon Musk. GameStop Corp. (GME) stock is over $300 at the time of this post. GameStop (GME) has been identified by hedge fund investors as a good short opportunity, as a stock in decline with no sign of rising anytime soon. Kathryn VanArendonk: The most simple, basic, explain-it-to-a-child version I have been able to find for what is happening to GameStop stock actually comes from … (This was September 2019) optimistic) case regarding its future performance has formed. GME: Get the latest GameStop stock price and detailed information including GME news, historical charts and realtime prices. The Squeeze You’re not seeing double, you’re just looking at meme stock price charts. Reddit – DragonStoned. Ultimate. A good question! A few days back, shares of GME stock were shooting the moon. Hence, increasing GME’s stock price. The stock went even higher — per CNBC, it got up to $159.18 with more halts due to volatility. Now, though, Gamestop is headed back to earth — and fast . Ad Reddit explains in … On Jan. 13 GME went from $19.95 to $31.40 (57% increase) in one day. Precise Answer - Melvin Capital Management has lost over $2 Billion in just two weeks to cover up its short position. GameStop spikes another 91% as Reddit investors push stock to dizzying new highs. Shares of OGEN stock surged from under 50 cents to highs of $1.80 within a … Precise Answer - Melvin Capital Management has lost over $2 Billion in just two weeks to cover up its short position. A few years later, MF Global would suffer the same fate when their European repo exposure triggered a massive margin call. Shares climbed an incredible 8,200% in one year, before losing almost all those gains in a month after shares dropped 88%. But analysts think the company's stock price has raced too far. Jan. 26, 2021, 09:24 AM ... explained the move to CNBC in an email, ... Get real-time GME … Since then, Castor Maritime stock has … inews.co.uk | 01-27. By For all the jobs and homes people have lost. The Squeeze But over the course of June, users on … He says his option is now worth around five times that value but is still waiting before selling. X sells those 100 million shares for $3 a share, betting (and that’s the operative word) that the price per share will go down to $1 a share. Shares of GME stock surged 1,600% in January. People started to discuss this stock as a candidate for the next big trade – the “YOLO” (You Only Live Once) bets that can make or break people’s lives. Finally, his outlook on the SEC's current leadership, especially Gary Gensler, is positive. On PennyStocks.com you will find a comprehensive list of Penny Stocks & discover the Best Penny Stocks to buy, top penny stock news, and micro-cap stock articles. GME share price explained: Why GameStop stock value has increased again a month after Reddit ‘short squeeze’ The stock closed at $265 on Wednesday … FAQ. Hence, increasing GME’s stock price. But now reality is setting in — and it’s time for GameStop investors to look at data instead of just memes.. X. twitch.tv/DGunz. GameStop is expected to lose money this year and next year. (as of 5/3/2021). GME closed at $61.50 on Friday, leaving twitter to buzz about these chuckleheads over on reddit making Gamestop come unglued from reality all weekend. But in this trading saga, Reddit users had driven up the price by buying so much. Investopedia – Margin. As explained by Decoin, there’s a way around the lockdowns of GME that have been offered by various brokerages. You then sell it immediately for the same amount, betting that you would be able to buy it back for less, later. Some Reddit users behind the recent GameStop stock frenzy are moving away from trading on the Robinhood app after it temporarily restricted trades … Let’s say in a week’s time, the GME share price explained: Why GameStop stock value has increased again a month after Reddit ‘short squeeze’ The stock closed at $265 on Wednesday … The parabolic increase of GME stocks prompted by retail investors and a Reddit group has caught everyone’s attention, including Nasdaq’s CEO Adena Friedman. “GME Squeeze and the demise of Melvin Capital,” wrote the user, Stonksflyingup, referring to stock ticker of GameStop Corp. and Plotkin’s $12.5 billion firm. GameStop Stock r/ GME. Despite its immense rise and just as heavy fall, GME stock continues to garner massive investor interest. Both Lehman and MF Global found themselves in a major liquidity … A Reddit community has blown up the stock price of a game retailer in the US - costing investors billions in the process ... GameStop share price explained: How GME stock value was driven up … The latest large swing in the company’s shares comes after Keith Gill, the man behind the Reddit-driven frenzy in GameStop stock, disclosed a larger stake in it late Friday. The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about playing the stock market. Courtlistner – Case 1:21-cv-00777. ET on Monday, the price dropped and was at around $82 per share. Tendies, rocket ships, diamond hands — this is the language of WallStreetBets (WSB), the white-hot subreddit powering the GameStop (GME) frenzy on the stock market. With an army that called themselves the GME Gang, the retail investors purchased thousands of shares of GME and drove the price up. Although it had been building for a while, the rally really took off on Monday, … Controversy Over GameStop’s Stock Market Saga Explained. Their foreign exposure to repo agreements was nearly 4.5x their total equity.. Reddit – ‘GameStop stock hits as high as $500 in premarket action. Find the latest GameStop Corporation (GME) stock quote, history, news and other vital information to help you with your stock trading and investing. For a variety of business reasons, a bull (i.e. As a result, shares will likely head back to prior prices, at around $15 to $20 per share. That’s potential downside of over 90%. This may not happen right away. It may take weeks or even months for the dust to settle. But the writing is on the wall: if you own GME, get out pronto. GME stock was up 59.9% in pre … She mentioned that the giant exchange could look into potentially halting certain stocks … Ike bought GME stock when it was around $30 and says he spent about $600 on his position. A short is when you borrow stock from a broker without actually owning it or paying for it. GameStop, listed on the New York Stock Exchange as GME, is a chain of video game shops in the US. Press question mark to learn the rest of the keyboard shortcuts. An online forum called Reddit is sending the old guard of Wall Street into a tailspin: to date, they've managed to boost an ailing video game shop stock by 1700 per cent. X now has $300million from the sale of those shares, and no longer has the shares that they borrowed (because they sold them). Hence, increasing GME’s stock price. If you have not been paying attention, here is what you missed: a group of rogue traders in the r/WallStreetBets (WSB) Reddit forum set out to send GameStop Inc (NYSE:GME) stock prices to the moon, and, they did, to the tune of more than 1100%. A Reddit community has blown up the stock price of a game retailer in the US - costing investors billions in the process ... GameStop share price explained: How GME stock value was driven up … The squeeze GME Stock Short Squeeze Frenzy. GameStop has become the battlefield of Reddit vs. Wall Street, with titanic sums being made and lost. Get a real-time GameStop (GME) stock price quote with breaking news, financials, statistics, charts and more. I just want you all to be able to form a basic theory for how this is working, because once you get rid of the "faith" portion of holding GME, it becomes so much easier. On Reddit, one member of wallstreetbets, wrote early Thursday: "GME is about sending a message.... For all the recessions they caused. The Reddit forum WallStreetBets has helped push stocks like GME (GameStop), and it's also trickling to the App Store. PLTR will run up more due to it being at 20% dilution. So let me explain a few things that have been floating around on subreddit, then explain how the hedgefund uses them, as well as thing's you'll see to confirm your theories. I understand the 10,000 foot view of the story only: That some Reddit folks are buying up shares to squeeze a short seller. GameStop Stock Price Explained: The Big Squeeze The /r/WallStreetBets Reddit forum is currently 4.7 million members strong at the time of writing, up from 1.8 million on January 18, according to internet archive WayBackMachine . Log In Sign Up. The situation gained international media coverage and sparked a frenzy in the stock market. “For years, betting against [GameStop] has been like shooting fish in a barrel,” Mad Money host Jim Cramer said on Monday.The brick-and-mortar video game stores seemed destined for obsolescence in an era when games are more and more often being downloaded rather than purchased in the form of physical … But when the Redditors started buying up GME stock, causing the share price to skyrocket, Melvin & Broke Sons were suddenly facing a HUGE loss. So, the individual holding the short position would have to purchase the stock back at a much higher stock price on the settlement date, thus, losing money. 24 days ago. What happened last week with GME stock price and option was a combination of a gamma squeeze [1] and infinite short squeeze [2]. Reddit Market Winners Face a Hard Choice: Sell or ‘Hold the Line’? I'm gonna call it, sooner or later, GME is going to announce the distribution of a Gamestop token with 10% shopping discount to every stock holder. GameStop stock is on the rise, and a Reddit group called WallStreetBets is at the heart of an unusual meteoritic rise in price. Photo: Boston Globe/Getty Images. The Reddit site r/wallstreetbets had over 1 million members at the time — a considerable army of retail investors. So, the individual holding the short position would have to purchase the stock back at a much higher stock price on the settlement date; thus, losing money. Close. Despite differing outcomes, shares of GameStop GME, +1.82% and AMC Entertainment AMC, … Long story short, the author weaves the thread between all three firms and shows how their coordinated efforts are rigging the game for big money. Here's what … “DFV” refers to the aforementioned Reddit user DeepF--kingValue, who posted about making call options for GameStop stock (NYSE:GME) and became the “granddaddy” of the GME stock … However, the stock has now posted big gains in 2021. But the Reddit community WallStreetBets (WSB) has put its own spin on an old formula via GME and other unloved stocks. By January 22nd the shares had risen to $65. So, the individual holding the short position would have to purchase the stock back at a much higher stock price on the settlement date; thus, losing money. Penny Stocks (PennyStocks.com) is the top online destination for all things Micro-Cap Stocks. As the stock has vaulted higher, its shares have traded in a frenzy, making it one of the most popular bets in the U.S. market in recent days, according … Thanks to some financially savvy Redditors, and a push from Elon Musk, a number of flailing companies, including GameStop, are having a great week on the stock … Since then, the stock has roared to life culminating in a meteoric rise above $380 on January 27. A meme stock is a stock that has seen an increase in volume not because of the company’s performance, but rather because of hype on social media and online forums like Reddit. The stock closed at $5.04 that day, but after a 36% plunge from the day prior anything seemed possible for one of Wall Street’s most hated stocks. Get GameStop Corp (GME:NYSE) real-time stock quotes, news, price and financial information from CNBC.
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