GME

If long shareholders see the tumbling stock as a new buying opportunity, we may be at the start of part deux of the GME short squeeze.
By Ihor Dusaniwsky

The momentum against GameStop picked up on Tuesday morning as the short-squeeze rallies fueled by traders on Reddit’s r/WallStreetBets forum started to unwind. Shares of the retail investor favorite were sent tumbling as hedge funds and Reddit traders alike were left to wonder what’s to come for the volatile stock.

The retail-hedge fund battle rages on. We’ll reveal more $GME insights tomorrow morning. Meanwhile, follow us on Twitter for updates.

Last week, the brick-and-mortar video game retailer GameStop hijacked the national conversation as a tidal wave of retail investors bandied together to buoy the company’s stock in a social-media-led move against short-sellers. The resulting dynamic also upended the share price of several other companies, led to a social-media revolt against the Robinhood trading app, united the unlikely political bedfellows Ted Cruz and Alexandria Ocasio-Cortez, and generally left investors scratching their heads about what was to come next.

GME shares shorted are now 27.13 million.

A week of retail investors running up the price of struggling stocks has shocked Wall Street, forced the world to pay attention, and left a trail of chaos and confusion in its wake. Investors were left unsure of what would happen next.