Gamestop opened at almost $65 Tuesday morning after closing at $17.46 on Friday.
Some things are different this time. The biggest change from the initial supernova for GameStop's stock is how the experience of 2021 makes this all feel familiar. That familiarity, plus some changes in the market, should allow Wall Street to more easily digest the sharp movements, experts say. GameStop in 2021 put securities markets' capacity and resilience to a test that"few could have anticipated," the staff of the U.S.
“Do we think more retail traders can jump in on the trend in the coming days? Yes,” according to Marco Iachini, senior vice president at Vanda Research. “Do we think this is a repeat of 2021? No, and the chances we reach that stage are low.” A short squeeze is a relatively rare event that can yield eye-popping profits for people riding the wave. When investors bet a stock's price will go down in the future, they “short” it by borrowing shares and selling them. Later, if the price does indeed fall, theBut when a highly shorted stock rises in price quickly, short sellers could scramble to get out of their trades.
GameStop in March had roughly 305.9 million shares of its stock trading in the market, more than four times the number of shares it had in March 2021. Such growth “greatly increases the amount of activity needed to squeeze higher" for GameStop and other meme stocks, Battista said. “Can they move higher? Sure, but it’s going to be a tougher task this time around.”It's important to know the momentum can shift just as suddenly the other way.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
GameStop, AMC surge after influential meme stock investor 'Roaring Kitty' resurfaces on XTrading in GameStop was halted eight times before noon on Monday due to volatility.
Lire la suite »
GameStop Stock Soars Amid 'Roaring Kitty' Meme Stock RallyTrading was halted multiple times after Keith Patrick Gill, known for igniting GameStop’s massive 2021 rally, resurfaced online after a long hiatus
Lire la suite »
GameStop and AMC stocks surge as 'Roaring Kitty' returnsThe Hamiltion County Coroner says 21-year-old Shawn Young died after getting trapped in that trench. It happened this morning near 146th street and River Road.
Lire la suite »
Roaring Kitty is back and so are meme stocks, GameStop and AMC surge like its 2021The Mid-Ohio Food Collective is on a mission to fight senior hunger this spring.
Lire la suite »
Roaring Kitty is back and so are meme stocks, GameStop and AMC surge like its 2021Seven Arizona barbecue restaurants made Yelp's Top 100 list with Eric's Family Barbecue taking the third-best spot.
Lire la suite »
Roaring Kitty is back and so are meme stocks, GameStop and AMC surge like its 2021Kate Mote joined WFAA Midday to talk about this week's Women's Rodeo Championship in North Texas.
Lire la suite »