Featured Article

The Big Squeeze

The Big Squeeze

What is happening to GameStop? The video game retailer has seen its stock soar more than 1000% percent in January, from around $17 to $469 at its height. Unlike other bubbles, GameStop’s stock is not rising because traders see potential in its operations. The video game retailer is widely considered a dinosaur in its industry, slated for inevitable extinction. The stock price is rising precisely because investors, namely hedge funds, bet on GameStop failing. These investors chose to short the stock.

Featured Categories

News

Sports

Arts & Ent

Who RU