Reddit Gme Stock Explained

gme squeeze and the demise of melvin capital, wrote the user, stonksflyingup, referring to stock ticker of gamestop corp. With over 100% short interest in gme, a lot of people were banking on the stocks decline.

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Here is a guide, explained so complete gme, stonk, reddit noobs can understand it, that seeks to debunk that worry, with lots of links for helpful data for the skeptical.

Reddit gme stock explained. Traders on a message board site called reddit essentially banded together to buy certain stocks that were heavily shorted, like gamestop. Read our explainer of short selling as it relates to gamestops. Explained | what is happening with the gamestop stock, the reddit factor, who wins and who loses in the last few days, gamestop shares have.

X borrows 100 million shares of stock from y that x believes is going to go down in price. When a stock is sold short, the investor who shorted it is betting it will go lower. Gamestop is proof that 'the market' is a casino.

Gme stock was up 59.9% in. The reddit site r/wallstreetbets had over 1 million members at the time a considerable army of retail investors. Reddit users were looking to stick it to the fat cats of wall street.

Cohens arrival turned gamestop into a cult stock, one financial analyst explained. Why gamestop stock value has increased again a month after reddit short squeeze the stock closed at $265 on wednesday after. X sells those 100 million shares for $3 a share, betting (and thats the operative word) that the price per share will go down to $1 a share.

To date, they've managed to boost an ailing video game shop stock by. The stock went even higher per cnbc, it got up to $159.18 with more halts due to volatility. How reddits r/wallstreetbets turned hedge funds and the stock market upside down and then the mets and elon musk got involved.

Monday, with an even larger spotlight on the trade, gme blew its top at $159.18, eventually settling at $76.79. How gme stock value was driven up in short squeeze by reddit traders a reddit community has blown up the stock. Et on monday, the price dropped and was at around $82 per share.

As of near 3 p.m. They do this by borrowing a stock they dont own. As word spread on its message board that a hedge fund was planning to short sell gamestops stock users decided to.

X now has $300million from the sale of those shares, and no longer has the shares that they borrowed (because they sold them). Hedge fund melvin capital needed a $2.75 billion bailout on monday after the stock price for gamestop, the video game retailer, spiked to. It wasnt the gamestop stocks reddit hype.

Gamestop stock is on the rise, and a reddit group called wallstreetbets is at the heart of an unusual meteoritic rise in price. A significant share of the bets on gmes stock. Either way, the wsb subreddit is filled with memes this morning as investors celebrate the soaring price of gme stock.

An online forum called reddit is sending the old guard of wall street into a tailspin: Gme closed at $61.50 on friday, leaving twitter to buzz about these chuckleheads over on reddit making gamestop come unglued from reality all weekend. Ryan cohens $11.50 gme is looking like a pretty great buy.

Redditors especially one person named keith gill who goes by u/deepfuckingvalue on reddit were encouraging other redditors to buy. And plotkins $12.5 billion firm. 5 months gme and amc explained reddit i feel like there are a ton of new and confused traders in here so im going to help explain whats happening gamestop (gme) and (amc) are two failing companies whos stocks got a bump in the market due to some recent good, but ultimately inconsequential news.

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