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GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. [ 1] The company is headquartered in Grapevine, Texas (a suburb of Dallas ), and is the largest video game retailer worldwide. [ 2]
GameStop short squeeze. In January 2021, a short squeeze of the stock of the American video game retailer GameStop 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 ...
GameStop’s shares soared Monday after Keith Gill, a day trader who does by the name Roaring Kitty, posted a series of cryptic messages on X after a multi-year hiatus from the platform.
GameStop rallied 180% over a span of two days in mid-May after "Roaring Kitty" posted for the first time on X, formerly known as Twitter, since 2021. Last month's rally was short-lived, ...
Shares currently trade at $23, down 52% from the intraday high hit on June 6. Cohen has used the renewed trader appetite to bolster GameStop's cash coffers, much to the delight of his many ...
In early 2021, a group of retail investors realized that GameStop shares had been recklessly over-shorted by major investors. Big funds, certain that the retailer was about to collapse, had ...
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