A Reddit mob sent its stock more than 200% higher Andrew H Walker/ShutterstockĪMC is today's GameStop.
#Market watch gamestop movie#
That said, some investors have argued that GameStop was seriously undervalued, especially when video games have become staples of the stay-at-home pandemic era.Ī guest buys tickets on Sep 4, 2020, at the AMC Wayne 14 movie theater in New Jersey, which reopened as Covid-19 restrictions continue to ease. Sales growth is sluggish because gamers no longer need to go to the mall to buy games or consoles. The company is expected to lose money this year and next. It’s not hard to understand why someone would short GameStop, however. If you’ve ever played craps, these are the guys betting against the table, and their tactics, while often lucrative, have burnished their reputation as bloodsuckers and other, unpublishable, names. The popular Reddit page WallStreetBets is fond of targeting short-sellers. The SEC and the White House on Wednesday both said they were monitoring the situation. Some trading platforms, including TD Ameritrade and Robinhood, are restricting trades on AMC and GameStop. We’re now, potentially, at the climax of this movie: GameStop is up more than 1,700% since the start of January. But they’re detested by many Millennials and Gen Zers for creating a house-of-cards financial system that led to the 2008 crisis. These are Wall Street elite, the sort of investors millions of people rely on to make the smart decisions that boost their portfolios. On the other you have hedge funds and short-sellers - those who’ve placed bets that a company’s stock will crash.
At least one Reddit user posted that he’d paid off thousands of dollars in student loans with his GameStop On one side you have a band of mostly young day traders who coordinate on Reddit to drive up the share price of struggling companies, including GameStop Who’s the monster and who’s the hero, in this case, depends entirely on your perspective. Everyone knows doom is just around the corner for some key players a lucky few will emerge stronger and the monster might be subdued but will ultimately come back for a sequel.
#Market watch gamestop free#
Register for your free account today at GameStop frenzy on Wall Street has investors, and much of the internet, enraptured - not unlike a good horror movie. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs.
ET of the following day.ĭata provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets.
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