Within a couple of days, GameStop’s stock had doubled. Shares in GameStop, the video-game retailer, surged 74 percent in premarket trading to $159.64 as of 7:14 a.m. GameStop’s stock price continued to soar in after-hours trading last night to over $300. Many who have bought GameStop shares have been left furious after online trading services such … Since the end of last year these are a few days with its value. With over 2 million copies sold on PC (digital download),Indie hit 7 Days to Die has redefined the survival genre,with unrivalled crafting and world-building content. GameStop is heavily shorted, which makes it an interesting play. It is Short Interest ÷ Volume. GameStop’s GME stock price is continuing its meteoric rise today. GameStop is a $10 stock on BofA's fundamentals check Seeking Alpha - 2/26/2021 10:41:08 AM: GAMESTOP (GME) ROUND 2? See what stocks are on extreme levels and the most shorted stocks by sector and regions. Now, the trend is reversing. & 2021 Hot Market Themes - with Paul Schatz InvestorsHub NewsWire - 2/25/2021 4:00:00 PM: Robinhood calls Munger's take on new brokers 'disappointing and elitist' Seeking Alpha - 2/25/2021 3:18:14 PM Priorities much? Understanding Days to Cover . This increase has become a surge in recent days. The next day, it dropped by nearly half, only to rise back up. GameStop AMC Ent Holdg Days to cover does not mean what some people think it does. The key driver has been day traders gathering in Wall Street Bets and other online forums to organise mass purchases of heavily shorted stocks including GameStop, AMC, and BlackBerry. December 31, 2020: $1.3 billion & 2021 Hot Market Themes - with Paul Schatz, Robinhood calls Munger's take on new brokers 'disappointing and elitist', Esports Entertainment paring gains after report on no takeover talks, GME, AMC, TNXP and NGA among premarket gainers, Workhorse short sellers vindicated in USPS electric vehicle award, GameStop Announces Resignation of CFO and Succession Plan to Support Transformation, 'Roaring Kitty' doubles down on GameStop stake. “People just want to … They can recouperate losses if the stock drops back below their set short price but the interest payments are gone. Hordes of day traders piled into the shares after noticing the elevated short interest in hopes that buying would force shorts to cover, driving the price ever higher. Their goal has been to score quick profits and heap pressure on short-sellers, forcing them to buy shares to cover their positions and send the stock even higher. With over 2 million copies sold on PC (digital download),Indie hit 7 Days to Die has redefined the survival genre,with unrivalled crafting and world-building content. ... At normal trading volume, it would take over 15 days for traders to cover their short positions in GameStop. GameStop share frenzy starts again as platforms ease restrictions. Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. The surge in recent days - GameStop has increased more than seven-fold to $147.98 (roughly Rs. Here's GameStop's chart over the last five days. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends. The stock can always go back up in volume. Webull is not responsible or liable in any way for comments posted by pur users. Download the Webull App and join community for discussions about the post. A simple Google search would clear this up f Days to cover are calculated by taking the number of currently shorted shares and dividing that amount by the average daily trading volume for … GameStop is by far the stock that has seen its market cap increase by the greatest amount. I believe the SEC is obligated to investigate 3 weeks after a failed to deliver notice on high volume shorts, but I'm not 100% on that. Days to cover is how long it would take to cover all shorts at the given volume. Days to cover is how long it would take to cover all shorts at the given volume. The CARES Act will materially benefit GameStop in a variety of ways. ... 27% jump the next day to $39.90. They are bleeding and eventually they will be exsanguinated. A simple Google search would clear this up f 1,400) since January 12 - … Shares of GameStop surged as much as 1,600% between Jan. 11 and Wednesday after ... against hedge funds scrambling to cover losing bets. Interest payments on shorts are gone forever no matter what happens. Some of GameStop's outstanding shares are available for trading, while others are subject to various restrictions. A big hedge fund would bet a billion and small-time investors would step back because they knew they couldn’t fight it. GameStop sank 29 per cent in New York as of 7.54pm UAE time, after rallying 1,600 per cent in January. The most popular GameStop options contract on … Short sellers lost $664 million on Wednesday as GameStop shares spiked 104% in the final 30 minutes of trading, S3 Partners said. ET, 1/26/21: Closing over $145 after another record day, Bloomberg analyst Eric Balchunas reports that GameStop was the most traded equity in the world today. On Friday, Gamestop closed at $65.01. The GameStop chaos is what happens when a stock becomes a meme. The GameStop controversy that has dominated the news cycle over the last couple of days has triggered many people to wonder what the fuss is all about. GameStop, AMC Entertainment, and other so-called meme stocks gained on Monday as retail investors looked to fuel new rallies. The stratospheric ride has GameStop shares up more than ... first 17 trading days of 2021 to an eye-popping 840%. Citron Research Covers Short: Citron Research’s Andrew Left was one of the most vocal opponents of GameStop, saying GameStop shares would fall below $20. & 2021 Hot Market Themes - with Paul Schatz InvestorsHub NewsWire - 2/25/2021 4:00:00 PM: Robinhood calls Munger's take on new brokers 'disappointing and elitist' Seeking Alpha - 2/25/2021 3:18:14 PM Don't count on the SEC coming to save you though, count on the shorts eventually giving into pressure, if anything. Summary These days, with Reddit, Twitter, Facebook and other social media, it is possible to organise three million traders with US$1,000 to spare each. If every shareholder were to seek a vote, short sellers would have only 10 trading days to cover 62 million shares. GameStop Corp. tumbled as much as 34% on Monday as bearish investors appeared to cover their positions while retail traders flocked to other corners of the market. 2021 GameStop, a loss-making chain of bricks-and-mortar shops, saw shares jump from being worth less than $20 each at the end of December to nearly $350 on Wednesday. GameStop is a $10 stock on BofA's fundamentals check Seeking Alpha - 2/26/2021 10:41:08 AM: GAMESTOP (GME) ROUND 2? As bonkers as this chart is, it doesn't begin to capture what is going on. THERE was a time when a billion dollars was a lot of money on Wall Street. At its intraday high this morning, shares of video-game retailer GameStop (GME) were up 145%… When trading started to level out earlier this afternoon at around $80, the stock had retraced much of its big move to $159 and was back to up “just” 23%, but today’s gain comes on top of a 51% jump on Friday… which follows a 100% gain in the prior week. GameStop currently has issued a total of 69,747,000 shares. © 2020 Webull Financial LLC, All rights reserved. Some GameStop traders think the so-called meme stock will build on this week’s surprise surge — by skyrocketing to $800 in a single day.. The CARES Act will materially benefit GameStop in a variety of ways. Also they eventually have to deliver. The surge in recent days - GameStop (file image) has increased more than seven-fold to $147.98 from $19 since January 12 - has spurred concerns over bubbles in … GameStop Corp., GME - Live Short Interest changes, statistics and charts, Days To Cover (DTC), Cost To Borrow, Nasdaq and NYSE data as well as live Securities Lending data. The fight between GameStop Reddit day-traders and Citron Research After-hours, the stock shed another 6% to $61 per share. GameStop — that feature of malls and shopping centers across the country — was worth about $2 billion in December. It is Short Interest ÷ Volume. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and … Featured First a brief explanation… This is why Elon Musk doesn't respect them. (Bloomberg) --GameStop Corp. tumbled as much as 34% on Monday as bearish investors appeared to cover their positions while retail traders flocked to other corners of the market. they have 3 days to cover it all....Funny how the SEC is concerned with reddit users and not the 140%++ short position...thought shorting more than the float and outstanding was Illegal? • {{ article.symbol }} • InvestorsHub.com, Inc. 10,800) from $19 (roughly Rs. GameStop Corp. tumbled as much as 34% on Monday as bearish investors appeared to cover their positions while retail traders flocked to other corners of the market. GameStop jumps more than 130% even as hedge funds cover short bets, scrutiny of rally intensifies Published Wed, Jan 27 2021 8:31 AM EST Updated Wed, Jan 27 2021 4:40 PM EST Jesse Pound @jesserpound As the stock climbed, short sellers found themselves having to buy more stock to cover their borrowing. GameStop stock jumped more than 822%, from $17.25 per share at the beginning of the year to a high of $159.18 that day. GameStop shares ended trading at $65.01 each, up by 51% on Friday. Shares of U.S. videogame retailer GameStop surged as much as 144% ... were quickly buying back into the stock to cover potential ... in an average move of about 23% over the next 30 days. The video-game retailer rose as … I mean.. it's true. - with Matthew Peterson, Another hearing on GameStop, Robinhood, and retail investing, GameStop soars with strategy changes afoot, GME, BILI, JAGX and SOS among midday movers, GameStop Provides Corporate Governance Update, GameStop jets higher with Chewy's Ryan Cohen expected to lead e-commerce shift, Alphabet, Citigroup, Target: Stocks That Defined the Week, Melvin Capital gained more than 20% in February, CNBC says, Consequences of Meme Stocks (GME, AMC, RKT) with Clem Chambers, GameStop, Bitcoin are hot topics at SEC confirmation hearing, 10 Consumer Discretionary Stocks With Unusual Options Alerts In Today's Session, Stock Market Recap and Looking Forward (Feb 22nd - 26th, 2021), GameStop is a $10 stock on BofA's fundamentals check, GAMESTOP (GME) ROUND 2? Sept. 10, 2020: GameStop revises estimate, says 450-500 stores will close.GME closes at $6.23. The video-game retailer fell for the second time in three sessions as trading volume also slowed after last week’s sharp gains. Update - 6:28 p.m. GameStop AMC Ent Holdg Days to cover does not mean what some people think it does. ... hedge funds to liquidate other securities to cover their losses. If every shareholder were to seek a vote, short sellers would have only 10 trading days to cover 62 million shares. The battle is raging between Reddit day traders and giants of Wall Street while the SEC is watching from the sidelines. Wouldnt that only work if volume is all sales. ... At normal trading volume, it would take over 15 days for traders to cover their short positions in GameStop. {{ article.headline | getDecodedUnicode }} InvestorsHub NewsWire - 3/9/2021 8:15:00 AM, InvestorsHub NewsWire - 3/3/2021 3:55:00 PM, InvestorsHub NewsWire - 2/26/2021 3:45:00 PM, InvestorsHub NewsWire - 2/25/2021 4:00:00 PM, Edgar (US Regulatory) - 2/23/2021 4:40:36 PM, GlobeNewswire Inc. - 2/23/2021 4:30:56 PM, Retail trading volume rivals hedge funds and mutual funds combined, Makin' Money in a Volatile Market (GME, etc.) © Year-to-date, the company’s stock price increased more than 250%. No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. While many are waiting for it to come crashing back down, it might be too late for some major hedge funds. Summary GameStop is heavily shorted, which makes it an interesting play. GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years 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.As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. While the Redditors of r/WallStreetBets are buying options, GameStop shorts … {{ article.date }} {{ article.time }}. GameStop surged in value by 92% on January 26 (US time), leapt another 134% on January 27, and has traded more than 178 million shares. Below is an explanation of the controversy, the terms bandied about when the news reports it, and a chronology of events surrounding the story.
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