tech

Game on, again: GameStop surges and no one truly knows why

5 Comments
By STAN CHOE and ALEX VEIGA

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

©2021 GPlusMedia Inc.

5 Comments
Login to comment

The hedge funds are still trying to unload shorted GME stock. This isn’t over.

0 ( +0 / -0 )

Only the algorithms truly know why the stock market is surging.

0 ( +0 / -0 )

egads man!Today 01:09 pm JST

It's been posited that hedge funds are shorting ETFs that own GameStop stock instead of shorting the stock itself. Other news has reported short-sellers of GME lost $818 million on Wednesday.

There is indeed a small group of well funded people short selling it via all the possible means since the beginning, they've been screwed but I think by some other well funded institutions, WallStreetBets is just anecdotal and has only brought the fight to the public lights.

0 ( +0 / -0 )

It's been posited that hedge funds are shorting ETFs that own GameStop stock instead of shorting the stock itself. Other news has reported short-sellers of GME lost $818 million on Wednesday.

1 ( +1 / -0 )

It's really interesting that those moves are put on the back of a few small investors from an Internet forum, since the beginning this is definitely institutional money, a few guys must have some fun with the whole story.

1 ( +1 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites