In an unusual event, video gaming company GameStop’s shares touched a record-high price of $76.76 — thanks to a battle between Redditors and short sellers. Just to give you an idea of this bizarre growth, GameStop’s shares were trading between $3-$4 this time last year. All of this began when short selling company Citron was scheduled to explain its stance on Gamestop on a live stream last Thursday. However, the company said it had to cancel the event because of too many hacking attempts on its Twitter account Meanwhile, members of r/WallStreetBets started to buy GameStop shares for cheap prices, forcing…
This story continues at The Next Web
via Shown's Blog - Feed https://ift.tt/3ogG8Ys
0 comments: