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GameStop up another 60%, amateur interest shows no sign of abating

Reuters2021-01-27

LONDON, Jan 27 (Reuters) - GameStop shares surged another 60% on Wednesday in pre-market trading, boosted by increased interest among amateur investors who have lifted the share price by 700% over the past two weeks.

But some hedge funds have refused to budge from their bearish bets, with FIS' Analytics data showing investors had piled on $2.2 billion in bearish bets on the U.S. video game retailer -- a whopping 20% of its market capitalisation,

In the meantime, Reddit's Wallstreetbets stock trading discussion group were backing the company, buying shares and call options on the stock.

A similar euphoria has boosted BlackBerry and Nokia

Meanwhile in Europe, shares of Evotec and Varta

jumped on a chatter that Melvin Capital Management was being forced to unwind its short positions to cover losses on its other bearish bets, including GameStop.

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Comment64

  • kwwsamuel
    ·2021-01-29
    Cool
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  • pLandon
    ·2021-01-28
    Buy. HODL.
    Reply
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  • hoyeah
    ·2021-01-28
    Leggo 
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  • roge857
    ·2021-01-28
    Stop mooning plss
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  • Soontonghuat
    ·2021-01-28
    EM[捂臉] [捂臉] 
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  • Euphy
    ·2021-01-28
    LETS GO BOISSSS
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  • CrissX
    ·2021-01-28
    Great to see everyone working together!
    Reply
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    • CrissX
      Awesome
      2021-01-28
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  • CrissX
    ·2021-01-28
    Non stop mooning
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    • sqwee
      explosive
      2021-01-28
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  • linnhtoo
    ·2021-01-28
    hmm
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  • LeonardKSW
    ·2021-01-28
    Thanks for the info
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  • 车厘子tomato
    ·2021-01-28
    missed this
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  • OnFire
    ·2021-01-28
    Such collective power.
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  • Mattong
    ·2021-01-28
    Wow!! 
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  • jazlynnsee
    ·2021-01-28
    moon
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  • dessyag
    ·2021-01-28
    ok
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  • AaronHo
    ·2021-01-28
    Wow. This is insane!
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  • Amberton
    ·2021-01-28
    We can’t stop
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    • JL88
      we shouldn't!
      2021-01-28
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  • nevkoh27
    ·2021-01-28
    cool!
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  • therealp
    ·2021-01-28
    TO THE MOOON
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    • JL88
      [得意]
      2021-01-28
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    • nevkoh27
      [财迷]
      2021-01-28
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    • 社区成长助手
      终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题,可以获得更多曝光哦~如果您想创作优质文章,请查看老虎社区创作指引
      2021-01-28
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  • nevkoh27
    ·2021-01-28
    interesting
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    • 社区成长助手
      终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题,可以获得更多曝光哦~如果您想创作优质文章,请查看老虎社区创作指引
      2021-01-28
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    • therealp
      very!!
      2021-01-28
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