Gamestop stock reddit explained. But why do many people today continue to HOLD or HODL their GameStop shares with unyielding determination? May 13, 2024 · Brandon Kochkodin at Bloomberg recently laid out how GameStop, which isn’t expected to even turn a profit until 2023, has seen its market skyrocket, and what Reddit has to do with it. The so-called meme stock is still down 84% from its all-time high of $86. 88 on Monday. 833 votes, 187 comments. Feb 13, 2021 · The GameStop saga. Basically, RoaringKitty believes that Gamestop is over-shorted, and profit can be made from a short squeeze. Learn how shorting, squeezing and Reddit played a role in the Game Stop stock price surge and crash. Jan 30, 2021 · GameStop mania took Wall Street by storm, thanks to a legion of retail traders glued to the WallStreetBets message board on Reddit. GameStop (GME) stock is rallying ahead of its fiscal fourth-quarter earnings release, with shares up 13% to $14. So it is important to note that one stock trading for $200 is not the same as another stock trading at the same price, if they have a different number of shares. Please read the sidebar below for our rules. A GameStop store in 2014 GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person. 88, recorded on January 27, 2021. A wave of at Jan 27, 2021 · Here’s how a bunch of small-time retail investors on Reddit’s WallStreetBets were able to send GameStop’s shares soaring – wrecking major hedge funds, and pulling down the rest of the Remember back in 2021, when gamestop stock was soaring and some people made hundreds of thousands of dollars from the stock market? What's stopping people from doing that again and again with different stocks? Jan 27, 2021 · Here’s the background you need to know. Jan 27, 2021 · Wall Street has been watching GameStop in awe as a band of Reddit-obsessed retail investors managed to push the stock up 1,500% in two weeks, squeezing out short selling hedge funds. This marked the stock's largest percentage increase since December 13, 2021. The frenzy has gotten the attention of regulators and lawmakers. No one could have anticipated that a struggling video game retailer would be at the center of a next-level frenzy in the stock market that captivated the world, brought hedge . Jan 28, 2021 · Video game retailer GameStop has seen its stock soar, driven higher by a group of amateur day traders on Reddit, who are taking on Wall Street hedge funds. Reddit's main subreddit for videos. So, he buys a bunch of it, and posts a screenshot of it along with his theory, and if others agree with him, they also buy. Since then, it has been this strange battle of people propping up the corpse of GameStop even though GameStop mostly just sells FunkoPops, t-shirts, and other video game memorabilia. You’ve likely seen the news on GameStop’s stock rise and fall in January. On top of a thorough, easy to follow explanation of the whole Gamestop fiasco, you also managed to slide in the first explanation of stock shorting I've been able to fully understand, both why it's enticing and why it's so dangerous. 27M subscribers in the videos community. Jan 27, 2021 · An explanation of Reddit’s war with Wall Street institutions GameStop’s stock market explosion, explained Sep 15, 2023 · 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. The internet, in a middle finger to those people, bought a ton of shares of GameStop to boost it on the stock market. Why GameStop? The popular Reddit page WallStreetBets is fond of targeting short-sellers. This post has blown up, and while I do not follow the stock market at all, I do vaguely remember this user and GameStop stock being a big discussion back in 2021, and seemingly this user has made a big return to Reddit after years of inactivity. But GME has fewer shares than amazon, and so if GameStop were to have the same market cap as Amazon, the share price of GME would need to be about $22,000. As a result, GameStop's stock price declined, leading many institutional Jan 27, 2021 · Here's a guide to understanding what's going on with GameStop and what the frenzy means for the stock market. See examples, analogies and comments from users who tried to understand the phenomenon.
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