In … (Reuters) -GameStop Corp on Monday increased the value of new stock it may sell from $100 million to $1 billion, as the U.S. video game retailer seeks to capitalize on a surge in its shares … One thing that you could buy for $670 million is all of GameStop as of October 2020. ... Shares of GameStop closed at $347.51 on Jan. 27. Investor's Business Daily How Much $10,000 Invested This Year In AMC Stock Is … As recently as October it traded under $10. Dozens of heavily shorted stocks have rocketed 50% or more during 2021. The gaming retailer's stock was priced at … The company is expected to show a … Shorting a stock essentially means borrowing shares … GameStop (GME) closed the most recent trading day at $180.01, moving +1.82% from the previous trading session. Investors who bet against a stock are called “shorts.” In GameStop’s case, the shorts include at least two big hedge funds. Shares of GameStop finished last week with a gain of 400%, bringing its total return this year to 1,625%. GameStop shares climbed rapidly and were halted twice for volatility ahead of the closing bell Wednesday. Since then, GameStop's shares have been swinging wildly, going from about $17 at the start of the year to $483 last week and then to $90 by the close of Monday's trading. I mean, you can’t now ; now GameStop’s market capitalization is about $13 billion. On January 22, 2021, approximately 140 percent of GameStop's public float had been sold short, meaning some shorted shares had been re-lent and shorted again. The stock closed Friday's session at $325. As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. Like many companies that are in rough shape, GameStop was the subject of what's called short selling, in which professional investors borrow shares …
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