Some Wall Street investors bet that GameStop would continue to struggle and began short-selling the company, a strategy where an investor borrows stock of that particular company - in this case, GameStop - and sells it in the hopes that prices for the stock will continue to drop. Compare that to a year ago, when prices for the biggest video game brick-and-mortar retailer hovered around $15 but went as low as $3 a share. Prices for a single piece of stock peaked today at around $145. What Is Going on with GameStop Stock?GameStop stock (traded as $GME) is on the up-and-up. IGN has reached out and spoken to several r/WallStreetBets day traders to find out more about this group that has thrust the struggling video game retailer into the spotlight. And the pearl-clutching establishment has certainly painted this group as a rogue troll army messing with the "official" practices of Wall Street. Popularly described as “4chan with a Bloomberg Terminal,” r/WallStreetBets is a wild west of stock investing “advice” and memes. The interest in GameStop’s irregular stock activity has thrust the Reddit group seemingly driving the surge into the spotlight.
And although the week is still young, it shows this unexpected rise is, rather than a result of anything the company’s done, a savvy bit of investing, at least in the short-term. It’s gone even higher after last week’s surge drove GameStop’s value skyrocketing to record levels. GameStop’s stock is acting strangely, still.
0 kommentar(er)
