Gamestop stocks reddit. Introduction You’ve likely seen the news on GameStop’s stock rise and fall in January. We would like to show you a description here but the site won’t allow us. The community is known for discussion about meme stocks and high-risk stock transactions. Welcome to GameStop, r/GME. Jan 28, 2021 · Reddit community WallStreetBets has been making the news as it drove GameStop’s stock prices up, got banned from Discord, and just generally caused meme-laden chaos. I am one of the most followed day traders on social media with over 48,000 followers on Twitter and almost 20,000 followers on Instagram. ELI5: What exactly happened with Game Stop's stocks a few months ago? It’s a win for investors and a win for GameStop. But why do many people today continue to HOLD or HODL their GameStop shares with unyielding determination? The subreddit r/wallstreetbets is an online community on Reddit, a social news website. This means he also likes and cares about the stock. [12] Observers congregating around r/wallstreetbets believed the company was being significantly undervalued, and with such a large amount of the stock being short they could trigger a short squeeze, by driving up the I am a Retail Day Trader trading stocks from home, who made $1. During the squeeze, GameStop will announce the release of new shares, which will give time for retail investors to get out. Ryan Cohen is a CEO who takes no salary from GameStop and owns shares of GME with his personal money. People were betting that GameStop would fail and go bankrupt by buying shorts. He has actively spoken against rich, greedy CEOs as well as hedge funds. As a global video game retailer, its performance and operating margins will be crucial to monitor in the upcoming report, as they may impact the stock price. 84 votes, 24 comments. 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? Since many of the people who were following the short squeegee unfolding with GameStop are also into crypto, my Twitter feed, which I curated for crypto knowledge, was bringing awareness of the GameStop situation to me. Let me give you a couple of examples to tie this all together. The GameStop stock surge began for a legitimate reason: The company announced on January 11 it had added three Jan 27, 2021 · An army of amateur traders loosely organizing on Reddit have shaken up all preconceived notions about the stock market as they fueled the meteoric rise of GameStop stock. A Community for topics directly related to GameStop. Together, these capabilities are unique to Lumen and would be difficult to replicate. i. According to GameStop's 8K on July 6, 2022, GameStop announced a 4:1 stock split in the form of a dividend. 389K subscribers in the GME community. The internet, in a middle finger to those people, bought a ton of shares of GameStop to boost it on the stock market. GameStop has been shrinking and becoming less relevant in the video game world for years, if not decades. The 3 additional shares will be distributed "after the close of trading on July 21, 2022". . Here’s a timeline. From Jeff Storey CEO on last cc. Jan 27, 2021 · AMC is today's GameStop. See examples, analogies and comments from users who participated or observed the event. TL;DR: The GameStop board vote will trigger share recalls, which will triggering the short squeeze. GameStop is aiming to diversify its production as its video gaming business has become outdated. 6 Million on Gamestop (GME), the popular Meme Stock as seen on r/wallstreetbets. I began following the activity, which led me to Reddit, where I found a community of people talking about the GameStop stock. Learn how shorting, squeezing and Reddit played a role in the dramatic rise and fall of Game Stop stock in 2020. It is widely believed and discussed, that GameStop is destined to reach a much higher price based on May 13, 2024 · A bunch of Redditors made GameStop’s stock soar, much to the chagrin of the hedge funds attempting to short it. Where many of the "meme stocks" have been / are still shorted heavily by hedge funds, and therefore have the potential to squeeze far beyond their current price not all of these stocks have the potential to settle at a fair / fundamental price that is much higher than the current price. e. A Reddit mob sent its stock more than 200% higher.
ystal ikcsl nbm bei yfg isc xrgm jjyomz nndn twwjr