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Last Updated:
2024-05-17 02:40:11

GameStop Short Squeeze

Stock market event in 2021
GameStop Short Squeeze
GameStop Short Squeeze
Stock market event in 2021
The GameStop short squeeze was a stock market phenomenon in January 2021, where retail investors drove up the price of GameStop shares, causing significant losses for hedge funds.
2019-09
Keith Gill's Investment in GameStop
In September 2019, Keith Gill, also known as Roaring Kitty, shared detailed posts on Reddit about his investment in GameStop, holding 50,000 shares of GME and 5,000 call option contracts. His dedication to the stock influenced other Reddit members to invest as well.
2019-10
Major retail brokers drop trading commissions
In October 2019, major retail brokers decided to eliminate trading commissions, a move that was pioneered by Robinhood. This decision led to a surge in retail trading activities.
2020-07-27
Roaring Kitty (Keith Gill) starts posting YouTube videos on GameStop
On July 27, 2020, Keith Gill, also known as Roaring Kitty, began posting YouTube videos expressing his belief in the value of GameStop stock. He had been investing in the heavily shorted stock since June 2019.
2020-10-27
Stonksflyingup's Short Squeeze Explanation
On October 27, 2020, a user named Stonksflyingup posted a humorous video explaining how a short position by Melvin Capital could lead to a short squeeze. The video used a scene from Chernobyl to illustrate the concept, adding a unique perspective to the discussion.
2020-12-08
GameStop reports dismal earnings
In early December, GameStop reported a significant drop in net sales in the third quarter of fiscal year 2020, leading to a nearly 20% plunge in stock prices the next day.
2021-01-11
GameStop appoints new directors
GameStop appointed three new directors, including the co-founder of Chewy, signaling a strategic shift and attracting attention from investors and the Reddit page r/wallstreetbets.
2021-01-13
GameStop stock surges by nearly 50%
On January 13th, GameStop's stock price experienced a significant surge of almost 50%, catching the attention of Wall Street and signaling the beginning of a major shift in the market.
2021-01-19
Citron Research criticizes GameStop buyers
Citron Research, a stock research firm, criticized buyers of GameStop stock, leading to a brief dip in stock prices before a resurgence fueled by retail investors.
2021-01-22
GameStop Short Squeeze
On January 22, 2021, approximately 140 percent of GameStop's public float had been sold short, leading to a short squeeze where the stock price surged unexpectedly. This event was triggered by a combination of factors including investor interest, short-selling, and online community discussions.
2021-01-25
Hedge fund Melvin Capital receives investment from Citadel
On January 25, 2021, hedge fund Melvin Capital received a $2.75 billion investment from Citadel and Point72 Asset Management after suffering losses on short bets, including on GameStop.
2021-01-26
Elon Musk and Chamath Palihapitiya support GameStop
High-profile figures like Elon Musk and Chamath Palihapitiya publicly expressed support for GameStop, further fueling the stock's meteoric rise and drawing attention to the Reddit-fueled phenomenon.
2021-01-27
GameStop Stock Price Peaks
On January 27, GameStop's stock price reached its highest point during the Reddit-fueled trading frenzy.
2021-01-28
Halting of GameStop Trading by Brokerages
On January 28, some brokerages, including Robinhood, halted the buying of GameStop and other securities, leading to accusations of market manipulation and triggering class action lawsuits and a congressional hearing.
2021-01-29
SEC Review of Market Manipulation in GameStop Short Squeeze
The U.S. Securities and Exchange Commission announced a review of the incident to protect retail investors from abusive trading activity and pursue potential wrongdoing in relation to the GameStop short squeeze.
2021-02-01
Robinhood Raises $2.4 Billion in Capital
On February 1, Robinhood secured $2.4 billion in capital after raising $1 billion in the previous week.
2021-02-02
Meeting of U.S. financial regulators called by Janet Yellen
On February 2, U.S. Treasury Secretary Janet Yellen called for a meeting of U.S. financial regulators to discuss the GameStop rally and market volatility resulting from retail trading activity.
2021-02-04
Janet Yellen meets with regulators
Treasury Secretary Janet Yellen discussed recent market developments related to GameStop with regulators, highlighting the need to ensure proper market functioning and investor protection.
2021-02-18
U.S. House Committee of Financial Services panel on GameStop rally
On February 18, the U.S. House Committee of Financial Services held a panel titled 'Virtual Hearing - Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.' The panel included key figures like Vlad Tenev, Ken Griffin, Gabriel Plotkin, Steve Huffman, Jennifer Schulp, and Keith Gill.
2021-02-24
GameStop Stock Price Surge
On February 24, the GameStop stock price doubled within a 90-minute period, reaching unprecedented levels, showcasing the continued volatility and high price of the stock.
2021-03-02
Rocket Mortgage Stock Spike
Rocket Mortgage experienced a more than 70% spike in its stock price on March 2 due to increased trading following discussions on r/wallstreetbets.
2021-03-17
Financial Services Committee Hearing on Payment for Order Flow and Gamification
The committee held a second hearing focusing on the regulation of payment for order flow and the gamification of investing, following the GameStop short squeeze events.
2021-03-24
GameStop Stock Price Decline
On March 24, the GameStop stock price fell significantly after the company announced plans for a new stock offering, leading to a 34% decrease in share value.
2021-03-25
GameStop Stock Price Recovery
On March 25, the GameStop stock price dramatically recovered by 53% after experiencing a significant decline the previous day, showcasing the continued volatility of the stock.
2021-09-27
Citadel's Response to Allegations
On September 27, 2021, Citadel released a statement rejecting accusations of pressuring Robinhood to limit GameStop trading. The firm addressed online conspiracies and denied any involvement in directing trading restrictions.
2022-01-28
Release of Documentary 'GameStop: Rise of the Players'
The documentary 'GameStop: Rise of the Players' was released on January 28, 2022. It featured interviews with several r/wallstreetbets users.
2022-03-03
HBO Mini-Series 'Gaming Wall Street' Released
HBO developed a mini-series titled 'Gaming Wall Street', which was released on March 3, 2022.
2022-05-17
The GME GameStop Short Squeeze Explained
The GME GameStop Short Squeeze refers to the event where GameStop stock experienced a surge in price due to a coordinated effort by retail investors against hedge funds and institutional investors. This phenomenon gained widespread attention in January 2021 for its impact on Wall Street.
2023-09-22
Release of Movie 'Dumb Money'
Metro-Goldwyn-Mayer (MGM) acquired the rights to create a movie based on Ben Mezrich's book proposal 'The Antisocial Network', chronicling recent events on Wall Street. The movie 'Dumb Money' was released on September 22, 2023.
2024-05-13
Gamestop stock surge after Gill's Twitter meme
Gamestop stock surged over 170% in a week after Keith Gill posted a meme on Twitter, leading to significant increases in other stocks like AMC, BlackBerry, and Virgin Galactic.
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GameStop Short Squeeze

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GameStop Short Squeeze

Stock market event in 2021
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GameStop Short Squeeze

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