GameStop stock surges in epic Reddit-driven short squeeze. To put this into context, fellow meme stock AMC Entertainment has a short interest percentage of float of 17.32%. A struggling stock with elevated levels of short sellers has the potential for a short squeeze, or the act of short sellers re-purchasing shares to cover their losses. This short squeeze put a light on how the online community can have major sway on the markets. Gamestop shares have climbed to $148 yesterday after being at $18 on January 1, 2021. "Any short squeeze … GameStop share price explained: How GME stock value was driven up in ‘short squeeze’ by Reddit traders News and analysis, direct from Westminster to your inbox Email address is invalid Shares closed up 103.9% to … The higher it goes, the more nervous they get, the more they feel like they have to cover before it runs some more. Shorts in a squeeze grab the offer, driving the price up and compounding the problem and, if it’s a stock with a lot of visibility… well… buying gets buying. WSB: A New Twist on an Old Theme The most-active contract posted the highest settlement since February 2013. A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily. The stock price of GameStop Corp. (NYSE: GME) increased by 18.55%. Good reads, highly recommended. GameStop is/was the victim of price suppression through short selling. Silver futures are rallying Thursday, heading for their highest finish in three weeks, following a post by a Reddit user, who suggested executing a "short squeeze" on silver. Comparing it to the recent price, they may bet that a squeeze will send the stock to the $1,000 range next. View more. 5 days Gamestop, AMC short sellers sit on nearly $1 billion loss – Ortex By Reuters Reddit 5 days GME Stock News: GameStop Corp surges on the momentum of another Reddit short squeeze FXStreet 5 days Investment firms took positions on stocks hit by Archegos implosion, Gamestop Investing.com 6 days GameStop stock is jumping after the company’s official Twitter appeared to … qanon has a short intertest on GME in like 200 billion. Outside of Jefferies, every other stock analyst that covers GME has a price target that ranges from $5 to $33. Silver Price Forecast: Short Squeeze First Target | Silver Phoenix A brewing silver short squeeze has been hot in the news recently. GameStop, which has been struggling for a number of years, was the target of many short-sellers on Wall Street. Short selling artificially increases the supply of shares and causes the price to decline. GME squeeze is NOT over. GameStop is a hot topic in online chatrooms, Twitter and Reddit as some retail investors and day traders aim to push shares higher and squeeze out short sellers. Ontrak Inc. (OTRK) is sold short in the extreme. Small traders banding together crowdsourced unimaginable buying power, almost acting like a hive mind. The word on The Street in general, suggests a Hold analyst consensus rating for GameStop with a $5.50 average price target. In this article GME https://www.analystratings.com/articles/credit-suisse-keeps-their... Open: $7.96, Low: $7.31, High: $7.99, Close: $7.35, Volume: 9,068,100 #analyst Sep 8 u/Jeffamazon Posts Pro-GME Short Squeeze DD on r/WallStreetBets So far, the GME short squeeze is working out the way every short squeeze has worked out to … The stock sale program was assigned to Jefferies, whose research arm on Wednesday raised its price target by a whopping $160 to $175, but kept its rating at "hold". Analysis: Reddit is coming for silver. At last check Wednesday, the stock was down 1.9% in … Just a quick estimate: the last two console cycles GME's market cap was 9.7bn and 6.6bn. By Tuesday, when the closing price was $148, the price of the $200 straddle expiring February 19, 2021, had increased to $150. Some people have said $420.69(my previous target), but after the gamma squeeze I reconsidered, and now my price target is $694.20. Today 8:11 EDT. Meanwhile, BofA Securities on Jan. 27 raised its price target on GameStop from $1.60 per share to $10. Redditors attack the network and former hedge fund manager in posts as GameStop stock surges once again. GameStop (NYSE: GME), Koss (NASDAQ: KOSS), and others surged again at the open this morning as traders from Reddit doubled down on their bets. Looking at the two main Megathreads for March 3, it's clear GameStop is once again Reddit's top short squeeze target. It then soared over 900% to close to $20. The silver-backed iShares … 7 Wall Street analysts have issued ratings and price targets for GameStop in the last 12 months. WallStreetBets’ Silver Short Squeeze: A Dead Giveaway. And the call option with the highest strike price ($200) remained the target. Read on for the story. It is a recent invention; if you google the term, there … Analysts have, however, downgraded the stock cutting its target price to $1. It also happens to own a large portion of GME’s shares. https://seekingalpha.com/article/4405439-slv-is-no-reddit-squeeze Reddit users were able to identify stocks that Melvin was wagering against and then buy those en masse, unleashing a violent run-up in prices that turned Melvin’s winning bet into a loser. >13F season >3 firms have short interest on GME The math says it will raise the price but a couple hundred for good when they cover. What fun! But the rally sparked controversy on Reddit, with users saying GameStop should remain the target. This is why it happened. Their average twelve-month price target is $13.36, predicting that the stock has a possible downside of 92.44%. It's far from over, but here's the score so far. These losses have been at the forefront of the rally with GME & AMC bulls looking for a further squeeze on short sellers. Another day of trading’s in the books, and the speculative frenzy continues. Reddit's r/WallStreetBets ignited a short squeeze that incited a frenzy in the market. Tanger appears to be the latest target of the Reddit forum WallStreetBets, which fueled the massive short squeezes in companies like GameStop () and AMC Entertainment Holdings just a … American Airlines is the most shorted major U.S. carrier, with roughly 171.3 million of its 610.8 million shares outstanding, or about 28%, currently sold short, according to S&P Capital IQ. GameStop had a failed gamma squeeze event, but Redditors refused to show paper hands. Ryan Cohen’s $11.50 GME is looking like a pretty great buy. ... My valuation of GameStop is 15x current sales, or $1,398.85 per share and my target price is $2,797.70 within 2 years. ... that means the company could double in share price by the end of the year! UP $93K GME & AMC Run on Short Squeeze + LIVE Trading Plans Tomorrow (Thu. The price of silver on Monday jumped as much as 13%, to $30.35 per ounce, hitting an 8 … ... the GME stock price settled at $176.79. WallStreetBets is the same investor board that started the wild short squeeze … GME’s stock prediction. Now r/wallstreetbets is very bullish on GME and they predict a $420.69 price. Silver prices shot higher on mere rumors the wallstreetbets’ crowd would target a silver short squeeze. GME | Complete GameStop Corp. Cl A stock news by MarketWatch. Here are 3 stocks that … Tags ZOM Market News GME. GameStop had a failed gamma squeeze event, but Redditors refused to show paper hands. AMC plummets on Friday as it … March 8 saw $ 609 million in losses from mounting increasing gme short squeeze price target … Jefferies is GME’s main investment banker and is a sleazy firm. In January 2021, a short squeeze of the stock of the American video game retailer GameStop ( NYSE : GME) and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. The bottom line is silver’s Reddit surge has been extraordinary. … Regardless of it being 123% or 177%, the short float is still huge, and another GME squeeze is definitely still possible. The now-famous, Reddit-fueled short squeeze of GME stock has created wealth for some traders while destroying the accounts of others. This is it! GameStop soared -- and then sank in a short squeeze. WSB: A New Twist on an Old Theme Hedge fund Melvin Capital Management LP, which was at the heart of the GameStop Corp. (NYSE: GME) short squeeze frenzy earlier this year, closed out … These losses have been at the forefront of the rally with GME & AMC bulls looking for a further squeeze on short sellers. Getty Images / Corbis News. #AMCSqueeze was trending across social media on Monday as Reddit organized another targeted attack. View real-time stock prices and stock quotes for a full financial overview. I understand there cannot be a direct correlation and there’s different variables and players but whenever you look at $gme which is currently $312 per share with 120% reported interest still, the sky is limitless. Silver price surges as GameStop traders move into precious metals. Its share price was hovering between US$4 and US$2 in the past 6 months before the current week. Lucas … View daily, weekly or monthly format back to when GameStop Corporation stock was issued. Koss nears sessions high as may be next target of Reddit WSB crew ... crew as the stocks have short interest above 35% and a stock price below ... the next GME squeeze. Price Action: GameStop shares closed less than 0.1% higher in Tuesday’s regular trading session at $180.67 and added almost 0.2% in the after-hours session to $181.00. As investors and hedge funds bet against GameStop, Reddit … The Reddit GME short squeeze game plan (143 days old) (reddit.com) 166 points by omarhaneef 77 days ago ... You are buying in specifically to manipulate the price of availability of an asset in the market. Prices settled at $29.418, up $2.50, or 9.3%. GME closed out the year at $18.84. The Rocket Companies Megathread for March 3 had zero upvotes and 18,800 comments. Fueled by Reddit and Robinhood traders, GME stock rocketed to an astounding 52-week high of $483 on Jan. 27, 2021. !” and seemingly threw his weight behind the rally. AMC’s (NYSE AMC) share price follows a very similar trajectory to GameStop’s share price. Shares of Siebert at last check traded at $9.92, more than 2 1/2 times Thursday's close at $3.71. This drew a lot of attention from retail investors as Gamestop (GME) continued to push higher. Net losses increase for short sellers. GME price chart from Yahoo Finance. **Warning: This is a very risky play, trade at your own risk** Hello, All! AMC plummets on Friday as it … Robinhood, arguably the largest source of the […] Compared $GME Squeeze. Reddit Investors Piling Into Silver Drive Up Prices a Second Day Eddie Spence and Yvonne Yue Li Fri, January 29, 2021, 12:12 PM (Bloomberg) -- Silver jumped for a second day as the market remains on high alert after a call by Reddit posters to create a short squeeze sparked sharp moves on Thursday. Got this old Skool stang in my garage, and 50,000 copies of the title, ready to sell it 50,000 times, will never deliver it since the titles are synthetic. By snatching up stock and inflating the price, hedge funds looking to buy back borrowed shares at an all-time low would be forced to pay excruciating highs. Not to mention AMC will reopen all 13 of its New York theaters on March 5! Retards are lead to beleive to hold to dumb ass numbers like 10k Posted by 1 month ago. GameStop found itself in the middle of a short-squeeze mania brought on by the Reddit group r/wallstreetbets, which looked to … More than 138 percent of its shares are sold short — making it a prime target for a short squeeze. My GME price target. Recall the Jefferies was the underwriter of Hertz’s ATM stock sale program that was cut off by the SEC. The GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. At the time of this article, GME currently has a short float of anywhere between 123% and 177% (according to certain posts on WallStBets), and going long on GME is still being heavily promoted on WallStBets. AMC Entertainment The Most Shorted Stock Float Shorted 84.30% If people continue buying and not selling the stocks of AMC, because it is that heavily shorted by the institutional investors, a Gamma Squeeze can happen which will send the price of AMC shares to $40. The high price target for GME is $30.00 and the low price target for GME is $3.50. GME: Lowering target price to $227.00. Increasing in popularity is the price target of $1000; do you guys think $100 for GME is feasible? GME price target $2,797.70 after short squeeze. Yet silver differs in important ways from stocks like GameStop.For one, the scope for a short squeeze in silver is far less obvious: money managers have had … Tags Mat Ishbia Market News GME. I've had a reddit account for a while, though I hardly look at /r/wallstreetbets. One risk of short selling is called a “short squeeze.” … ... That’s obviously three and a half weeks left or 3 weeks and 2 days I was surprised the call a price wasn’t that great, so even with the stock around $2 or $3 today, it was only about 25¢ for the 300 call There’s only about. The subreddit rose to the mainstream after the infamous Gamestop (NYSE: GME) short-squeeze earlier this year. Since the price has no upper limit, you can loose an infinite amount of money. GME stock crossed $300 at the opening bell, hitting $354.83. NYSE:GME rallied for a fourth consecutive day, settling at $ 209.43. The first short squeeze on the AMC stock took place at the end of January, when the share price went up fourfold in a single day, from under $5 to almost $20. They supposedly need to cover these nonexistent shorts causing a squeeze of short interest. As DFV’s legend grew, more people on WSB got in on the action, pushing the GME price higher and higher. What Happened: GameStop Corp (NYSE: GME) shares were halted several times in the last half hour of Wednesday's trading session. A band of Reddit misfit investors on the now-famous WallStreetBets forum have pushed the prices of “meme-stocks” to new highs. GME stock is a get-rich scheme that’s more like gambling than investing in today’s market. All you need to know to be in on the action. ET Mar. They had initially sold, in an effort to keep their losses from mounting target on GME, it. During the summer of 2020, the world was still reeling from the economic impact of the Covid-19 pandemic. GME stock price: Institutional versus retail investors battle it out. Today's Market / GME Stock: Redditors Bet on $5,000 Target for ... he purchased February call options on GameStop with a $115 strike price. It is VERY similar to Tesla's run up from last year so far. GME Stock Short Squeeze Frenzy. First off, let me clear something up: Silver isn’t a stock. Net losses increase for short sellers. During a short squeeze, prices move up rapidly as the re-purchasing further moves up the price, triggering even more short squeezes to occur. Amidst all of the market turmoil following the Reddit wallstreetbets efforts to put a massive short squeeze on the likes of GME, AMC, BBY, EXPR, KOSS, BB, etc., it was just a matter of time before this same short squeeze template was applied to ETPs.On January 28 th, silver became a short squeeze target and the primary silver ETP, SLV, was suddenly in the crosshairs and trading volume … Tesla, another famously shorted … Shares closed up 103.9% to … That play is unlikely, although it is not impossible. Attack on WallStreetBets reddit: thousands of new WSB accounts downvoting informative comments, and urging others to short GME and buy into PLTR, BB and AMC as it boosted. GME GameStop $148.50 / -2.74 (-1.81%) 04/12/21 Fly Intel: Top five analyst downgrades 04/12/21 Ascendiant GameStop downgraded to Sell from Hold at Ascendiant 04/06/21 BofA BofA keeps $10 target on GameStop despite 'positive' funding news 04/05/21 Telsey Advisory Telsey keeps Underperform rating on GameStop after Q1 update, ATM program bump It’s a commodity and a whole different animal than squeezing GameStop. GME was up 700% in less than two weeks (at its high), driven by one of the biggest short-squeeze in history catalyzed by a cohort of unified retail traders on WallStreetBets. From recently perusing it, it seems to have amassed about over six million new subscribers since the commotion started. GME closed Jan. 26 trading at $147.98. Their scramble to buy only adds to the upward pressure on the stock’s price. That is much higher than the median price target of $25, according to Refinitiv data, and marks the first time a Wall Street brokerage matched its price projections with GameStop's current trading levels. A lot of them seem to be disenfranchised, disgruntled young people, mainly gen-Z, or millenials , with many claiming to put in their GME share as a virtual anti-wall st. "protest" buy. GameStop began the year as one of the most shorted companies out there, so as shares rose, GME shorts (hedge funds) were forced to buy shares in order to cover their losing positions (something called a "short squeeze")…This drove the share price even higher and drove even more positive rhetoric on Reddit's platforms, so day traders continued to load up on shares. I’ve had a lot of people messaging me, saying we should get into silver. ... And the Street's median price target for GameStop remains at just $11.96 per … These kids are not dumb. Got this old Skool stang in my garage, and 50,000 copies of the title, ready to sell it 50,000 times, will never deliver it since the titles are synthetic. Express (EXPR) Express is also pivoting lower from overbought conditions after running from $1 to … Discover historical prices for GME stock on Yahoo Finance. Every transaction has two sides- a buy and a sell. GME Stock at … Buy Now. 3.6k. Reddit Army Shift Focus from GameStop to Silver After pumping GME and AMC stock last week, the Reddit … GME closed at $61.50 on Friday, leaving twitter to buzz about these chuckleheads over on reddit making Gamestop come unglued from reality all weekend. Traders in Reddit’s r/WallStreetBets group and a similar Discord group made the decision to pump large amounts of money into GameStop Corp. (NYSE: GME). 02/02/2021. The continued momentum in GME and AMC stock has seen short sellers lose $607 Million on AMC stock and $442 Million on GME stock in May according to Ortex data. But analysts think the company's stock price has raced too far. What Happened: GameStop Corp (NYSE: GME) shares were halted several times in the last half hour of Wednesday's trading session. Silver Price Forecast: Short Squeeze First Target | Silver Phoenix A brewing silver short squeeze has been hot in the news recently. Price target of $75 for SLV by end of April if the short squeeze happens. Gamestop Price Prediction & Analysis for Tommorrow 3/25 Georgia man gets final paycheck—in the form of 91,500 oil-covered pennies Join ANDX Token Pre-Sale. Fake news? Time will only tell. That is much higher than the median price target of $25, according to Refinitiv data, and marks the first time a Wall Street brokerage matched its price projections with GameStop’s current trading levels.
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