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Here's why. GameStop stock (GME) rose nearly 60% on Tuesday, adding to a meme-fueled rally that sent shares of the video game retailer up 74% in the prior session. The rise in GameStop was also ...
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2022.
Some meme stocks, including GameStop and AMC, had been climbing earlier this month, and rapidly. Shares of GameStop Corp., which have faded steadily since 2021, had already risen 57% this month.
On March 24, the GameStop stock price fell 34 percent to $120.34 per share after earnings were released and the company announced plans for issuing a new secondary stock offering worth up to $1 billion. [80] [81] By March 24, short interests had dropped to 15 percent, compared to the 141 percent level at its peak in January. [82]
These options allow the owner to purchase 12 million shares of GameStop stock at $20 per share by the June 21, 2024 expiration. ... helping spark a rally in GameStop and so-called meme stocks ...
The letter also revealed that Scion owned approximately 2,750,000 shares, or about 3.05% of GameStop. The stock price of GameStop, which had been in steady decline in share price since late January 2019, spiked roughly 20% after Burry revealed that he was buying the stock in an interview with Barron's.
GameStop and AMC were the most traded stocks among retail investors at 11 a.m. ET, J.P.Morgan data showed. ... With today's gains, the stock now has a market value of roughly $9 billion, but at ...
GameStop, meme stocks, and the revenge of the retail trader. GameStop shares are set to rally 70% this morning when trading starts, and AMC shares opened up 300%, extending a run that has ...