Categories: Market Overview

Will the Game ever Stop?

GameStop is an American video games chain that was previously in a difficult situation due to competition from the digital distribution of computer games and the economic impact of the pandemic, causing the share price to fall and prompting many institutional investors to short the stock. At the same time, some investors suggested that GameStop shares were undervalued.

Everything changed in January 2021, when Reddit users initiated a historic short squeeze on GME on various stock exchanges. This led to serious financial losses for some of the big bearish players in the US stock market, particularly hedge funds.

In just two weeks, a coordinated buying by small investors boosted the share price from $20 to $500 per share! The volatility has now settled somewhat, with the stock currently trading around $197.

Yesterday, despite reporting rising sales in their quarterly earnings report, GME shares fell by more than 7% in after-hours trading. How will the stock perform at today’s US market open?

Register https://bit.ly/3n8rYtz & Trade CFDs on #Gamestop & more new hot stocks with FxPro.com

AddThis Website Tools
The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team
Tags: gmememes

Recent Posts

GBPUSD Wave Analysis – 18 March 2025

GBPUSD: ⬆️ Buy - GBPUSD reversed from support zone - Likely to rise to resistance…

55 minutes ago

GBPAUD Wave Analysis – 18 March 2025

GBPAUD: ⬆️ Buy - GBPAUD reversed from the support zone - Likely to rise to…

56 minutes ago

Solana Wave Analysis – 18 March 2025

Solana: ⬇️ Sell - Solana reversed from the resistance zone - Likely to fall to…

3 hours ago

CHFJPY Wave Analysis – 18 March 2025

CHFJPY: ⬆️ Buy - CHFJPY broke resistance zone - Likely to rise to resistance level…

3 hours ago

The crypto market is stuck in the mud

Market Picture The crypto market has been hovering in a narrow range for the past…

8 hours ago

FTSE 100 Wave Analysis – 17 March 2025

FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…

24 hours ago