Gamestop share price
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Gamestop share price
In January , a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further. The price of many other heavily shorted securities and cryptocurrencies also increased. On January 28, some brokerages , particularly app-based brokerage services such as Robinhood , halted the buying of GameStop and other securities, citing the next day their inability to post sufficient collateral at clearing houses to execute their clients' orders. This decision attracted criticism and accusations of market manipulation from prominent politicians and businesspeople from across the political spectrum. Dozens of class action lawsuits have been filed against Robinhood in U. House Committee on Financial Services held a congressional hearing on the incident. The unusually high price and volatility continued after the peak in late January. On March 25, the stock recovered dramatically, rising by 53 percent. Short selling is a finance practice in which an investor, known as the short-seller, borrows shares and immediately sells them, in the hope that they will be able to buy them back later "covering" at a lower price, return the borrowed shares plus interest to the lender, and profit off the difference. The practice carries an unlimited risk of losses, because there is no inherent limit to how high a stock's price can rise should the short-seller be proven wrong in their belief that the stock price was going to fall. This is in contrast with taking a long position simply owning the stock , where the investor's loss is limited to the cost of their initial investment. Short sellers are exposed to a risk of short squeezing , which occurs when the shorted stock jumps in value because, for instance, there is a sudden piece of favorable news.
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As on 02 Mar, IST. Note : Support and Resistance level for the day, calculated based on price range of the previous trading day. GameStop Corp. The Company offers a range of selection of pre-owned video gaming consoles, accessories, monitors, television TV and other consumer electronics and video game titles, in both physical and digital formats. The Company also offers a variety of POP vinyl figures, collectibles, and board games. The Company, through its buy-sell-trade program, gamers can trade in video game consoles, games, and accessories, as well as consumer electronics for cash or in-store credit.
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Gamestop share price
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All of those years of High Frequency Traders front running retail traders, now speed and density of information and retail trading is giving the little guy an edge. Archived from the original on February 10, Discover more. Download as PDF Printable version. Latest News All Times Eastern scroll up scroll down. The Detroit News. BNN Breaking. Bloomberg News. After Hours Volume: Retrieved January 29, For the best MarketWatch. Do you agree?
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Dividend Calendar. Archived from the original on October 13, Financial Times. See Details. Represents the company's profit divided by the outstanding shares of its common stock. No Recent Tickers Visit a quote page and your recently viewed tickers will be displayed here. We now need to know more about RobinhoodApp 's decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit. Archived from the original on January 29, A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. It Posted a Surprise Profit. February 1,
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