Tag: GameStop

  • This is Why GameStop Has Been on a Tear

    This is Why GameStop Has Been on a Tear

    GameStop (GME) has been explosive. After pulling back from about $120 to $80, the stock shot up to $138.22 within days. All after Chairman Ryan Cohen bought 100,000 shares, bringing his holdings to 11.9%. He paid between $96.81 and $108.82 per share. “I put my money where my mouth is,” Cohen tweeted. With that news,…

  • Don’t Get Caught Holding the Bag with GameStop

    Don’t Get Caught Holding the Bag with GameStop

    GameStop (GME) shorts have been ridiculously squeezed. Over the last few days, the gaming stock exploded from $20 to a high of $159.18 on a massive volume spike of 105.9 million shares, as compared to average volume of 18.9 million. Two key announcements may be contributing to the rally. For one, the company announced a…