gamestopstock
GameStop stock continues to climb amid a massive short squeeze that has pushed some big-name investors out of their positions. GameStop is up another 100% out of the gate this morning after Tesla CEO Elon Musk tweeted a link to the Reddit page where retail investors are talking about driving it up. Q4 2020 hedge fund letters, conferences and more Short squeeze boosts GameStop stockMelvin Capital, a hedge fund targeted by the Reddit board about GameStop stock, told CNBC that it closed out its short after a massive loss. The news outlet refers to the video game and console retailer as “hedge fun...
ValueWalk
GameStop has become a battleground stock as retail investors face off with wealthy investors, with the former going long and the latter going short. GameStop stock has skyrocketed more than 400% in the last three months, even though the company has been losing money. Q4 2020 hedge fund letters, conferences and more GameStop Stock Soars Despite LossesOn Monday morning, GameStop stock surged almost 145% in less than two hours. However, the shares came crashing back down to Earth and closed with an 18% gain for the day. Already this morning, the stock is up more than 14% in early trading. Over th...
ValueWalk
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