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GameStop shares

GameStop plans $1bn stock sale, shares slide

GameStop plans $1bn stock sale, shares slide

  • The company said it would sell up to 3.5 million shares and use the proceeds to speed up the shift in its business model to e-commerce in an overhaul being led by top shareholder and board member Ryan Cohen.
  • GameStop's stock has gained more than 900% so far this year, giving the company a valuation of as much as $34 billion at one point as retail traders bet against Wall Street hedge funds that had shorted its shares.
Published 05 Apr, 2021 05:26pm
GameStop, other ‘meme stocks’ soar as markets eye stimulus boost
Markets

GameStop, other ‘meme stocks’ soar as markets eye stimulus boost

  • GameStop was trading 14.5% higher at $282.73 before the bell, on course for a sixth straight session of gains, while shares of cinema operator AMC Entertainment rose 10% and headphones maker Koss Corp soared about 40%.
  • GameStop retains a legion of devout followers after a social media frenzy in January triggered a massive rally in which its shares surged more than 1,600%.
Published 10 Mar, 2021 08:09pm
GameStop situation unlikely in France, says market regulator
Markets

GameStop situation unlikely in France, says market regulator

  • "It is improbable in France and Europe, but it is a situation to which we have to pay close attention," AMF head Robert Ophele told Boursorama TV.
  • Investors who followed popular Reddit forum WallStreetBets helped push GameStop shares to a closing high of $347.51 on Jan. 27.
Published 12 Feb, 2021 06:23pm
Number of GameStop shares shorted falls by over half in week
Markets

Number of GameStop shares shorted falls by over half in week

  • GameStop had 27.13 million shares shorted, down 35 million over the prior week, according to Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
  • Still, GameStop short interest stood at $8.82 billion as of Friday, making it the sixth-biggest short by value, according to S3.
Published 01 Feb, 2021 09:35pm