What Is The Gamestop Stock Story

September 01, 2021 Post a Comment

What Is The Gamestop Stock Story. If you follow the markets youve all by now probably heard about the strange story of GameStop.

What Is Going On With Gamestop Meme Stocks Explained

Its business is in a terrible place.

What is the gamestop stock story. 28 2021 file photo shows a gamestop. This strategy began working to perfection as GameStop stock increase from 1725 to start the year hitting an all-time high of 483 before recently trending back down. The internet and stock market are aflame over GameStop the video game retailer whose stock is suddenly the darling of day traders who are putting the squeeze on Wall Streets big players.

Neil Irwin senior economics correspondent for The New York Times wrote about where the GameStop story fits into stock. Stock traders are split into two camps. Drew on macho imagery to send male traders off to fight the markets but some platforms at the centre of the GameStop story are a little different.

Heres the story for beginners. GameStop is sort of. Earlier that day the share price had soared to nearly 350 250 -.

For reference the previous all-time high for GME was around 62 back in 2007. GameStop is a brick-and-mortar retailer that many young people grew up with but that had been declining in recent years. The story you might have heard goes like this.

Simple Explanation of GameStop Stock Story The basic narrative around GameStop stock is that a group of rogue traders decided to buy shares with the goal of bidding up prices which would ultimately punish larger institutional traders collectively referred to as Wall Street How can these rogue traders do this. The bearish story is pretty obvious. When GameStops price jumped more than 1000 you can take a guess who was not happy.

GameStop is a brick-and-mortar video game seller in an era when games are sold and downloaded online. The brick and mortar retailer whose stock spiked from the teens to almost 400 I think it may have reached that point or higher in the middle of one of the days. Depending on whom you ask the GameStop saga is either a cautionary story about a bunch of reckless nerds destabilizing the stock market for laughs in a way that is likely to backfire on them.

The share price hit lows of 257 in 2020 rising only to about 1884 by 31st December 2020 as. 10 stocks we like better than gamestop when investing geniuses david and tom gardner have a stock tip it can pay to listen. Thursday shares in the video game retailer were trading below 60.

What exactly was their strategy. In the first quarter GameStop reported 128 billion in first-quarter. You can see how crazy it is in the stock price chart below.

GameStop was one of the companies that were expected not to perform well and many hedge funds had speculated upon this happening. The hedge funds that bet GameStops stock would. What in the world is going on with GameStops stock.

Theres no question GME is a story stock. A group of regular-Joe traders on Reddit took down a hedge fund by bidding up the stock price of the sleepy video-game store GameStop. GameStops shares slumped by 40 in 25 minutes on Wednesday after a few days of frenetic growth.

This Gamestop Stock Fiasco Is Getting Out Of Hand Windows Central