DOCSLIB.ORG

The Gamestop Short Squeeze © 2021 Top Targets Market Disruptors Financial Establishment Government the GAMESTOP SHORT SQUEEZE U.S

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Gamestop Short Squeeze © 2021 Top Targets Market Disruptors Financial Establishment Government the GAMESTOP SHORT SQUEEZE U.S The GameStop Short Squeeze © 2021 www.onepagethinking.net Top Targets Market Disruptors Financial Establishment Government THE GAMESTOP SHORT SQUEEZE U.S. Asset Managers, Hedge In 2020, hedge funds “shorted” GameStop stock Retail Traders & Online Online Forums and Traditional Broker- Meme Stocks Funds and Private Equity Firms Legislators and Regulators by borrowing shares from owners and brokers of Trading Platforms Influencers Dealer Firms the stock, and selling the borrowed shares to Purpose: Purpose: Concern: “Losing Their Shirts” over Short Concern: Customer Solvency to Cover Purpose: Profit Motive Concern: Possible Market Manipulation and Integrity of buyers (e.g., for $20), with the expectation that the Improve Operating and Online Investment Community Positions That Went Contrary to Expectations Margin Calls on Short Sale Positions Stock Markets Financial Performance GameStop stock price would decline sharply (e.g., Novice Day Traders Reddit Maplelane Capita U.S. Securities and Exchange Commission to $2), at which point shares could be purchased GameStop r/WallStreetBets Social Media Platform that Hedge Fund That Lost 45% of its Value Hosts Stock Trading Discussions JP Morgan Chase Enforces Prohibition on Manipulation of U.S. Stock Markets Video Game Retailer Experienced Retail Due to Short-Stock Positions Large U.S. Financial Services Institution in the market, returned to the lender, turning a Investors and Prime Broker to Hedge Funds Mark Cuban Financial Industry profit on the short. But in late January 2021, AMC Entertainment Melvin Capital Management U.S. Department of Justice Movie Theater Chain TV Personality, Billionaire Investor, Dallas Prosecutes Criminal Cases of Regulatory Authority (FINRA) individual retail traders purchased GameStop Robinhood Mavericks NBA Franchise Owner Gabe Plotkin-Managed Hedge Fund Commission-Free, That Lost 53% on its Short-Stock Positions Market Manipulation Regulates Broker-Dealers stock in a frenzy spurred on by social media, which Electronic Trading Platform BlackBerry YouTube Goldman Sachs Introduction Software Developer triggered a spike in demand and pushed the share Key Players Stock Trading Videos Citron Research Large U.S. Financial Services Institution Webull Hedge Fund and Prime Broker to Hedge Funds Federal Reserve Board U.S. Congress price to unexpected highs (e.g., $480) unrelated to Commission-Free, Elon Musk Regulates Margin Requirements Oversees Stock Market Integrity Bed Bath & Beyond Online Day-Trading Platform GameStop’s fundamental economics. Hedge Home Goods Retailer Tesla and Space X Founder and CEO, Billionaire Investor D1 Capital funds that shorted the stock were hit with margin Apex Clearing Lost 20% of its Value Due to Short-Stock Positions Credit Suisse U.S. Treasury Department Nokia Investigates Stock Exchanges 1 calls by lender/brokers and their “short squeeze” Clearinghouse that Facilitates Yahoo! Finance Large Swiss Financial Institution Self-Regulate Securities Markets Telecom Equipment Trades for Online Brokerages Online Platform for Stock Trading Discussions Point72 Asset Management And Prime Broker to Hedge Funds Behavior in the U.S. Stock Markets WHO IS losses made global headlines. GAMESTOP? Relationships Relationships Ecosystem of GameStop Corp. (a Delaware Corporation) Customers Capital Financials Suppliers 1. Suspended Debt Structure Equity Structure Bond Financing Bond Professional Dividends in 2020 Debt and Lease Obligations | Ba2 (Moody’s), B+ (S&P), as of Feb 2020 Common Equity Financing Public Debt Services 2. -$5.31 Loss Per Asset-Based Revolving Credit Facility Senior Notes Operating Leases Share Repurchase Program Share Data Class A Common Stock Holders Share (2019) Deloitte & Authorized: 420M Interest Rate: 0.25% to Borrowing Base: 90% Operating Lease Liabilities: Working Capital Authorized/Outstanding: Authorized: $300M Stock Exchange: NYSE Price (as of 2/1/21): $225 Authorized: 300M Shares Commercial Touché 3. $470.9M Total (with $200M Expansion 0.5% for Prime-Rate of Inventory and Credit $475M/$419.8M $529.3M Financing Expiration: None Ticker: GME 52-wk Range: $2.57 - $483.00 Issued: 64.3M Shares Audit Services Net Loss ($673M in ForeignFeature Currency & $50M Letter and- Loans; 1.25% to 1.5% Card Receivables Maturity: March 2021 Remaining Lease Term: 4.7 Banks 2018) Balance: $279.9M (as of 4Q19) Record Holders: 1,425 Interestof-Credit Rate Sub Derivatives-Limit) for LIBOR Loans Maturity: Nov 2022 Interest Rate: 6.75% years average Dividend: None EPS (Trailing 12 mos): -$4.22 Equity Capital The Richards 4. Stock Price Drops Significant to $2.57 in April ‘20 Group Governance Shareholders Advertising Technology Legal Governance Corporate Matters Fidelity Services IT Board of Directors Human Resources Finance and Accounting Real Estate/Leases Management Software Licenses and Research Troutman Kathy Vrabeck (Chair, C) Raul Fernandez (A) William Simon (A, NCG) Committees: Talent Acquisition FP&A Sales of New Pepper Professional Audit (A), IT Equipment Intellectual Property Video Games 13.67% M&A Legal Services Lizabeth Dunn (C, NCG) Reginald Fils-Aimé (NCG) Carrie Teffner (A) Compensation (C), and Gaming BlackRock Fund Services Nominating & HR Information Systems Internal Audit IT Infrastructure Employment Law Consoles Customers Paul Evans (A) George Sherman James Symancyk (C) Advisors Corporate Digital New Products Kurt Wolf (NCG) Thomas N. Kelly, Jr. (Retiring) Jerome L. Davis (Retiring) Governance (NCG) 11.32% Sales of Talent Development Insurance Contract Management Omni-Channel Initiatives New Gaming Vendors Video Game Management Team Vanguard Console Systems Group George Sherman Daniel J. Kaufman Bernard Raymond Colpitts, Jr. Compensation Accounting Analytics Corporate Governance Video Game Supplies Customers 7.43% Platform Chief Executive Officer EVP and Chief Transformation Officer SVP and Chief Accounting Officer E-Commerce Benefits Investor Relations Susquehanna Manufacturers James A. Bell Frank M. Hamlin Angela Venuk Online Marketing Supply Chain New Gaming EVP and Chief Financial Officer EVP and Chief Customer Officer Vice President, Chief Information Officer Sales of Used Software Financial Group PC Diversity & Inclusion Treasury/Cash Management Customer Merchandising Video Games Customers 6.27% Manufacturers Dan Reed Lisa Keglovitz Licenses of the Corporate Counsel and General Senior Vice President, Human Matt Francis and Gaming Dimensional Incoming Chief Technology Officer Advertising and Marketing Supplier Relations Consoles Rights to Secretary Resources Employee Engagement Financial Reporting Used Products Fund Advisors Major Console Incorporate Manufacturers Customer Experience Procurement & Inventory 5.66% TV, Movie, Dhritiman Saha Chris R. Homester Used Gaming Gaming, and Chief Digital Officer EVP and Chief Merchandising Officer Culture Tax Store Management Management Systems Senvest Microsoft Pop Culture Systems Customers Management Media Images into 5.18% GameStop Operations GameStop Ecosystem Companies Products United States Canada Australia Europe Used Gaming Must Asset Television Stores Stores Stores Stores Sales and Gifts Software Management Industry of PowerUp Customers 4.73% 3642 Physical Retail Stores 33 Pop-Culture 299 Physical Retail Stores 55 Pop-Culture 426 Physical Retail Stores 55 Pop-Culture 1152 Physical Retail Stores 55 Pop-Culture Loyalty Program SSgA Funds Movie Industry 300+ in TX, CA; 200+ in FL; 100+ Themed Themed Collectibles 383 in AUS, 43 in NZ Themed Collectibles 413 in France, 343 in Italy, 199 in Themed Collectibles Memberships PowerUp Loyalty in GA, IL, NY, NC, OH, PA, VA Germany Management Collectibles Stores Stores Stores Program Video Game Stores E-Commerce Properties All International Regions E-Commerce Properties All International Regions All International Regions Trade-Ins of 3.74% E-Commerce Properties E-Commerce Properties Pre-Owned Industry Paid Sales of Merchandise Video Games Permit Capital and Gaming Subscribers Software Video Game 2.80% Supplies Collectibles Products Software and Digital Products Other Consoles Publishers and Hardware and Accessories Free Distributors (for Credit Toward New Video Game Gaming Software Collectibles Apparel Toys Downloadable Content Prepaid Digital New Products or Subscribers Paradice Systems Cash) Investment Nintendo Accessories Network Points Cards Prepaid Gadgets Electronics (World’s Leading Print and Digital Management Controllers, Gaming Headsets, (In-Game Digital Currency) Subscription Cards (Loyalty Program with Trade-In Program Pre-Owned Video Video Game Publication) Sony Virtual Reality Products, Memory 42 Million Members) 2.63% Game Systems Cards Other Collectible-Related Items Digitally-Downloadable Gaming Software Microsoft Gaming Institutional Console Ownership Competitors Competitors Competitors Competitors Electronic Arts Owners 120.34% Sony Nintendo Saturn Wal-Mart Stores Amazon.com K-Mart JB HiFi Take-Two Video Game Interactive Amazon.com BestBuy FNAC Carrefour Media Markt Software Target BestBuy Target 2 Amazon.com Auchan Owners WHAT IS A 1 Economic Attributes of the Short Sale SHORT SALE? SHORT SELLING EXPLAINED THE UNDERLYING SHARES: Where do GameStop shares that will SHORT SELLING “Shorting” a stock describes a finance practice in be shorted come from? The underlying GameStop shares come from 2 Loan of 1 GameStop Short Seller’s Fees and which an investor (the “Short Seller”) borrows a (a) shares owned by the broker for its own account or (b) shares owned Fee Range GameStop Shares Shares Proceeds share from a lender/broker
Load more

Recommended publications
  • Robinhood, Reddit, Gamestop, and You | 2X Wealth Group to the Sophisticated Goliaths Who Were Short These Stocks
    February 3, 2020 | 2X Wealth Group With a combined 50+ years of experience, Robinhood, Reddit, GameStop, 2X Wealth Group is committed to educating and You and empowering investors. We firmly believe financial The Making of a Financial Flash Mob literacy helps people make better decisions. Who doesn’t love the story of David’s triumph over Goliath? This past week a group of “small” investors made tremendous amounts of money (on paper at least) by buying stocks that were heavily shorted by large, sophisticated hedge funds. We explore what happened, factors that spurred the market disruption, the subsequent fallout still unfolding, and finally, what it all means going forward. What Happened? First, it’s important to understand three concepts - short selling, call options, and a short squeeze. If an investor wants to profit from a stock declining in value, they can short the stock. Most understand the concept of buying stock, but shorting is more complicated. Shorting involves selling a stock that you don’t own. So, how do you sell something that you don’t own? The answer is - you borrow the stock through your brokerage firm, and you must put up money to do so. The broker requires that you maintain a balance large enough to repurchase the borrowed stock at any time. Therein lies the risk. If you buy a stock, the most you can lose is the amount you paid. In other words, the value of your investment can only go to zero. If you short a stock, however, there is no limit to the amount you can lose.
    [Show full text]
  • Individual Investors Rout Hedge Funds
    P2JW028000-5-A00100-17FFFF5178F ***** THURSDAY,JANUARY28, 2021 ~VOL. CCLXXVII NO.22 WSJ.com HHHH $4.00 DJIA 30303.17 g 633.87 2.0% NASDAQ 13270.60 g 2.6% STOXX 600 402.98 g 1.2% 10-YR. TREAS. À 7/32 , yield 1.014% OIL $52.85 À $0.24 GOLD $1,844.90 g $5.80 EURO $1.2114 YEN 104.09 What’s Individual InvestorsRout HedgeFunds Shares of GameStop and 1,641.9% GameStop Thepowerdynamics are than that of DeltaAir Lines News shifting on Wall Street. Indi- Inc. AMC have soared this week Wednesday’stotal dollar vidual investorsare winning While the individuals are trading volume,$28.7B, as investors piled into big—at least fornow—and rel- rejoicing at newfound riches, Business&Finance exceeded the topfive ishing it. the pros arereeling from their momentum trades with companies by market losses.Long-held strategies capitalization. volume rivaling that of giant By Gunjan Banerji, such as evaluatingcompany neye-popping rally in Juliet Chung fundamentals have gone out Ashares of companies tech companies. In many $25billion and Caitlin McCabe thewindowinfavor of mo- that were onceleftfor dead, cases, the froth has been a mentum. War has broken out including GameStop, AMC An eye-popping rally in between professionals losing and BlackBerry, has upended result of individual investors Tesla’s 10-day shares of companies that were billions and the individual in- the natural order between defying hedge funds that have trading average onceleftfor dead including vestorsjeering at them on so- hedge-fund investorsand $24.3 billion GameStopCorp., AMC Enter- cial media.
    [Show full text]
  • YOLO Trading: Riding with the Herd During the Gamestop Episode
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Lyócsa, Štefan; Baumöhl, Eduard; Vŷrost, Tomáš Working Paper YOLO trading: Riding with the herd during the GameStop episode Suggested Citation: Lyócsa, Štefan; Baumöhl, Eduard; Vŷrost, Tomáš (2021) : YOLO trading: Riding with the herd during the GameStop episode, ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg This Version is available at: http://hdl.handle.net/10419/230679 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights
    [Show full text]
  • The Croton Avenue Journal
    The Croton Avenue Journal March 29, 2021 Volume VI Always Free Market News The OPL market continued to underperform as many of our investors missed the rally in the S&P 500. Eight of our investors saw gains versus 10 with losses. Automobile stocks had a bad week, hurting some of our investors, but UPS’s second strong week in a row has helped others. Overall, the OPL market lost .21%, outperforming the NASDAQ, but falling behind the DOW. One participant made two major trades this week, dropping WWE, one of the best performers in the OPL Market this year, as well as candymaker Hershey (HSY). In exchange they picked up Pfizer (PFE) and Chewy (CHWY). This is an interesting move. Chewy had been one of the hottest stocks in one of the hottest industries (Pet Care) with Wall Street expecting tremendous growth, but recently the price has cooled after a tremendous surge. On the other hand, Pfizer is an established pharmaceutical company that Wall Street has ignored, in spite of its vaccine. There’s a good case to be made for both of these companies, but it’s up to the market to decide whether these trades end up being winners. World News Two mass shootings in a week have reignited calls for gun reform in the United States. The US has the highest rate of gun violence amongst developed countries, a rate that is literally 100 times higher than countries Singapore, Japan, and Indonesia. Historically gun control laws have had a difficult time gaining traction in Congress even in the face of multiple mass shooting every year.
    [Show full text]
  • Project Title Here
    THIRD QUARTER 2020 Safe Harbor & Non-GAAP Measures Cautionary Statement Regarding Forward-Looking Statements - Safe Harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current beliefs, views, estimates and expectations, including as to the Company’s industry, business strategy, goals and expectations concerning its market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources and other financial and operating information, including expectations as to future operating profit improvement. Such statements include without limitation those about the Company’s financial results, expectations and other statements that are not historical facts. Forward-looking statements are subject to significant risks and uncertainties and actual developments, business decisions and results may differ materially from those reflected or described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those reflected or described in the forward-looking statements: macroeconomic pressures, including the effects of COVID-19 on consumer spending and the Company’s ability to keep stores open; the impact of the COVID-19 pandemic on the Company’s business and financial results; the economic conditions in the U.S. and certain international markets; the cyclicality of the video game industry; the Company’s dependence on the
    [Show full text]
  • 2012 ANNUAL REPORT POWER to the PLAYERS Ready to Level up 2012 ANNUAL REPORT POWER to the PLAYERS Level up (Verb)
    2012 ANNUAL REPORT POWER TO THE PLAYERS Ready to level up 2012 ANNUAL REPORT POWER TO THE PLAYERS level up (verb) 1. (gaming, video games) To progress to the next level of the game, of player character stats and abilities. a. Often by acquiring experience points in role-playing games. 2. (retail, corporate) To advance the organization by capitalizing on the launch of innovative, new game consoles and expanding its emerging mobile and digital businesses. a. Achieved through hard work, great associates, and disciplined resolve. With the current console cycle extending into its seventh year, the video game industry faced many challenges in 2012. GameStop outperformed the market, however, and grew market share by 221 basis points, expanded our margin rate by 170 basis points and enhanced shareholder return with a 67% increase in our quarterly dividend. As we enter 2013, GameStop is well-positioned to level up and take full advantage of game-changing console launches and revolutionary new game development. TOTAL REVENUES EARNINGS PER SHARE OPERATING EARNINGS FREE CASH FLOW from Operations $8,886.7 $3.17* $639.1* $481.2 $9,550.5 $2.87* $651.1* $453.2 $9,473.7 $2.65 $662.6 $389.2 $9,078.0 $2.25 $637.0 $465.4 $10,000 $3.00 $700 $500 $8,000 $2.50 $600 $400 $6,000 $2.00 $500 $300 $4,000 $1.50 $400 $200 $2,000 $1.00 $300 $100 09101112 09 10 11 12 09 10 11 12 09 10 11 12 Revenue in millions Diluted earnings per share Earnings in millions Free cash flow in millions *Non-GAAP results; excludes restructuring, impairment and *Non-GAAP results; excludes restructuring, impairment and debt-retirement expenses debt-retirement expenses 2012 ANNUAL REPORT POWER TO THE PLAYERS TO OUR SHAREHOLDERS Seven years into the current console cycle, we knew 2012 would be tough for the video game industry, so we entered the year with disciplined resolve to control expenses and persist in executing our strategic plan.
    [Show full text]
  • Irrational Exuberance and the Gamestop Short Squeeze
    Irrational Exuberance and the GameStop Short Squeeze | Dr. Alan Greenspan, Senior Economic Advisor | February 2021 The meteoric rise in the stock price of GameStop seems to have brought up the question of irrational exuberance in the markets. Irrational exuberance is a state of investor psychology, when the pendulum between fear and euphoria has swung too far towards the latter. In other words, stock prices are the aggregation of the myriad expectations held by market participants and can at times reflect what seems an unjustifiably optimistic view of future economic conditions. Though prices may appear excessive during periods of irrational exuberance (i.e., priced for perfection) they are nonetheless rooted in some concrete view of an uncertain future that can be articulated in terms of expectations of future cash flows, interest rates, etc. While the first leg of the GameStop rally can be In 1869, when Jay Gould (an American railroad attributed to pockets of irrational exuberance, the magnate, financial speculator, and one of the latter part of its parabolic rise is almost certainly Robber barons of the Gilded Age) sought to more a case of market structure rather than drive up the price of gold, he turned to the basic investor psychology. In this view, the latter part of economic principle of limiting the supply. He and the rally is a simple case of supply and demand, his associates attempted to convince President with several historical precedents, compounded Grant to limit the amount of gold the Treasury was somewhat by technology and features of the selling into the market. Their ploy was successful present-day financial system.
    [Show full text]
  • Cecilia Diaz Critical/Cultural Methods Dr. Bob Bednar 4/8//21
    Cecilia Diaz Critical/Cultural Methods Dr. Bob Bednar 4/8//21 Research Project Draft Protests in the name of social reform have recently undergone drastic transformations in how they are founded and manifested. The ascension of social media use in the early 2000s gave rise to streamlined instant communication between people that otherwise may have never communicated organically. History has proven that we gather together in times of hardship and join forces when those hardships necessitate change and reform. The internet eliminates the practical issue of distance and facilitates the possibility of an infinite number of formed communities. In the case of protest, it facilitates the ability to organize and gather to demand social and political change. Sebastián Valenzuela suggests that one explanation for use of social networks and political protest may be online expression as a foundation for action. It is stated, “In addition to cognitive preparation, the expression of opinions can be facilitators of political protest” (Valenzuela, 2014). Research has shown that when individuals talk about political subjects publicly, they are more likely to mobilize and engage in political activities. The expression “allows people to face their ideas, make arguments, and reflect on the information obtained” (Schmitt-Beck, 2008). Platforms like Twitter and Facebook have acted as multiplexes for the expression of political views and serve as the foundation for many modern protests such as the Black Lives Matter movement, #MeToo, Arab Spring, and the Sunflower Student Movement. The protest this study will focus on is unique in that it was not founded as a politically driven protest but became one, or perhaps more accurately, was received as one as it gained popularity in mainstream media publics.
    [Show full text]
  • Should You Take Investment Advice from Wallstreetbets?
    Should You Take Investment Advice From WallStreetBets? Should You Take Investment Advice From WallStreetBets? A Data­Driven Approach May 2021 Tolga Buz Gerard de Melo Hasso Plattner Institute, Potsdam Hasso Plattner Institute, Potsdam [email protected] [email protected] Abstract Reddit’s WallStreetBets (WSB) community has come to prominence in light of its notable role in affecting the stock prices of what are now referred to as meme stocks. Yet very little is known about the reliability of the highly speculative investment advice disseminated on WSB. This paper analyses WSB data spanning from January 2019 to April 2021 in order to assess how successful an investment strategy relying on the community’s recommenda­ tions could have been. We detect buy and sell advice and identify the community’s most popular stocks, based on which we define a WSB portfolio. Our evaluation shows that this portfolio has grown approx. 200% over the last three years and approx. 480% over the last year, significantly outperforming the S&P500. The average short­term accuracy of buy and sell signals, in contrast, is not found to be significantly better than randomly or equally distributed buy decisions within the same time frame. However, we present a tech­ nique for estimating whether posts are proactive as opposed to reactive and show that by focusing on a subset of more promising buy signals, a trader could have made investments yielding higher returns than the broader market or the strategy of trusting all posted buy signals. Lastly, the analysis is also conducted specifically for the period before 2021 in or­ der to factor out the effects of the GameStop hype of January 2021 – the results confirm the conclusions and suggest that the 2021 hype merely amplified pre­existing characteristics.
    [Show full text]
  • Gamestop Renew Elite Pro
    Gamestop Renew Elite Pro False-hearted Vin still perorates: rheological and riding Dwight mimeographs quite supernaturally but installed her notation agog. Inspective and interferometric Maxim paginate, but Obadiah subtilely ratifies her freshener. Frustrated Horace usually acetifying some traders or overtaxes alright. But rather than before it easy to gamestop pro member and try We talking so impressed when we reviewed the original HP Elite. Does gamestop fix ps3 controllers user manuals GET does gamestop repair. Page 1 of 12 New Monthly 5 Dollar Cert for drive Up Rewards Pro posted in. Are more money on the elite controller skin using your name traces back to renew my fiancé wants me. GameStop's PRO Days Sale to Lure Customers This Holiday. Multiple copies of. WWE Network Subscription WWEcom. Bubble Pop Coupon. Buy the latest Switch games consoles and accessories at GameStop. GameStop Powerup Elite Pro Program Shutting Down Game. 4 USB Wireless Adapter by Sony for PlayStation 4 at GameStop. He was in harry potter and the new talent and at a renewed message to. Gamestop Warranty IGN Boards. Xbox one stop case. Bass Pro Shops Get and Earn 6 At Bass Pro Shops Thru AAAcom Best Buy Video Games Movies and disabled New space Only track Up To. GameStop to turn Power almost a Pre-owned Game Rental. Xbox series s call back in buying and elite pro members only. Overwatch battery pack. Staff size to renew your own right program, pro levels will tiger woods car speakers. Purchase WWE Network prepaid cards with cash the Best Buy Walmart GameStop 7-Eleven FYE Dollar General Meijer or star them not a credit card from.
    [Show full text]
  • Reddit Users Unite to Buy Gamestop Shares and Turn Stock Market World Upside Down
    Reddit Users Unite To Buy GameStop Shares and Turn Stock Market World Upside Down Pdf Published On January 30, 2021 06:19 AM Kyle Murphy | January 30, 2021 06:19:02 AM 0 What happens when an online chatroom convinces everyone in it to buy one stock simultaneously? Individual investors win and hedge funds lose big and people who have been trading stocks in suits rage at those trading stocks from their phones. The stock market saw just that with GameStop over the past few weeks. On Jan. 15, GameStop was valued at $35 but on Jan 28 it was valued at $469.42. This astronomical increase has been tied to a Reddit Forum, Wall Street Bets, whose users learned that Melvin Capital “shorted” GameStop, betting that the stock price would fall, and people in the forum decided that they would buy the stock so that Melvin Capital would lose their money. This initial reaction set off a chain of events that will most likely be remembered for a long time. The stock price of GameStop has since gone on a wild ride that has all media outlets glued to this constantly developing story. On Tuesday, the stock opened at $88.28 but closed the day at $145.96; by the closing bell on Wednesday it rose all the way to $345. The stock's peak on Thursday was $469.42 before trading companies like Robinhood took away the option to buy GameStop stock, causing the stock to temporarily plummet all the way down to $132 by 11:30 a.m on Thursday.
    [Show full text]
  • Gamestop Corp. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MAY 2, 2015 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NO. 1-32637 GameStop Corp. (Exact name of registrant as specified in its Charter) Delaware 20-2733559 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 625 Westport Parkway, 76051 Grapevine, Texas (Zip Code) (Address of principal executive offices) Registrant’s telephone number, including area code: (817) 424-2000 Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No ¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
    [Show full text]