![]() Short sellers are betting that the stock they sell will drop in price. Short selling is the process of selling stock and buys back the stock to return it to the lender. As you might have guessed, day trading is quite risky and is used by a lot of scam artists. The primary goal is here, to make small incremental profits that add up as they trade. Day Trading:ĭay trading refers to the buying and selling of stocks multiple times during the day. Wallstreetbets Vs Wall Street Traders –īefore we take dig deep into GameStop’s stock, there is some lingo which would probably help to familiarise the GameStop controversy. Circle of Life is a rating system that GameStop uses to convince customers to buy games, trade old ones and ensure that the money that customers get back goes towards buying more pre-owned games.Įmployees were given scores to represent how they fared and anyone with low scores would likely find their job on the line. In 2017, it came into limelight because of its Circle of Life policy. Before making a high buzz on everyone’s Tweet feeds, over the last few days, GameStop has had a poor record since 2017.įurthermore, the retailer company also has hit the news for all the wrong reasons. GameStop is a brick and mortar company, specializing in trading of games and game devices. Swastika explains how GameStop is grabbing all the attention of all the investors. The primary reason behind the sudden shine of GameStop is r/wallstreetbets, a subreddit on an internet forum called Reddit who was responsible to raise the stock price by 1700 per cent. So how did a struggling company with an old-fashioned business model suddenly become a hot topic about stocks? GameStop is a gaming company that specializes in the trading of game and game devices. On January 26, 2021, the stock closed at $145.60, then increased to $345 the next day, peaking at $469.42 on 28 January 2021. ![]() This is because the gaming and game device company, which was valued at 3.25$ per stock a year ago, saw its stock market rise by 8000 percent within 6 months. If you are keeping an eye on the news, you may have heard about Gamestop and how its stock price rose? If you are one of them who doesn’t follow the stock market or stock trading much, GameStop is the name that could be heard in the past week.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |