Tag: Gamestop

The House Committee on Financial Services convened on Thursday, Feb. 18, to question participants in the “Gamestop Rebellion,” a pop culture reference to a late January and early February move in the stock price of Gamestop. It saw shares of the embattled video game retailer increase more than 2000 percent in value from $20 to […]

Alex Kearns was only 20 years old when he took his life last June, thinking that the $5,000 he invested in the market had turned into a massive debt of $730,000. The family of the college student has now sued the stock trading app Robinhood for wrongful death. Kearns died on June 12, 2020 by […]

According to Wall Street behemoth JPMorgan, the fairytale spun by pundits about Reddit’s WallStreetBets organizing to “squeeze” badly positioned hedge fund short sellers of video game retailer Gamestop (NYSE: GME) in what has been affectionately dubbed the “Gamestop Rebellion” is simply false.  Peng Cheng, the JPMorgan quantitative and derivatives strategy analyst, wrote to clients in […]

As part of the Federal reserve, the Federal Open Market Committee’s (FOMC) response to the current economic outlook holds interest rates steady between 0 and .25 percent. The federal borrowing rates trickle down to the individual level to keep consumer rates for personal, car, credit card, and mortgage rates low. Federal Reserve Chairman Jerome Powell […]

The last two weeks of trading sessions brought stock trading the kind of pop culture attention it hasn’t seen in a long time, when floundering brick-and-mortar video game retailer Gamestop (NYSE: GME) ballooned more than 800 percent from slightly over $61 to a high of $483 before January’s close.  To sum up Newton’s Third Law […]

U.S. Treasury Secretary Janet Yellen will be meeting with financial regulators to discuss the high levels of volatility in the market regarding GameStop, a video game and merchandise retailer. Frenzied trading of GameStop shares caused prices to soar by more than 400 percent recently before falling sharply. Experts also noticed such volatile activity on other […]

January saw brick-and-mortar video game retailer Gamestop (NYSE: GME) explode in value from a 2021 opening price of $19.00 to a peak of $483.00, a total expansion of more than 2,000 percent. GME closed out the month at $325.00. The story for how it happened has become cemented in people’s minds: Reddit’s WallStreetBets organized a […]

GameStop’s (NYSE: GME) meteoric rise on the New York Stock Exchange saw shares skyrocket more than 700 percent in value two days after a Jan. 11 Press Release reporting 2020 holiday sales figures.  Nothing about the figures would indicate a bull run of any magnitude was on the horizon. Although the retailer reported a 4.8 […]