GameStop, senior notes and Convertible bond
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Boeing, GE Aerospace respond to the fatal Air India crash, producer prices eased, GameStop shares fall and EV stocks in focus as President Trump eyes dialing back California mandates. FOX Business is providing real-time updates on the markets,
Pachter said about 90% of GameStop’s stock is still owned by retail investors — non-professionals who still plumb the depths of Reddit threads for financial advice. Meanwhile the company’s stock price has dropped more than 60% from it’s 2021 peak.
In 2021, a movement led by retail investors to rapidly buy GameStop shares caused the stock to soar, creating a short squeeze, and short sellers rushed to buy the stock to cover their positions. All this led to meteoric gains and then sharp declines for the shares.
Which brings us to May 24, when Tim called his mother from someone else’s phone saying he thought his iPhone was stolen. Marty Michalak was able to track the phone, and saw it was at a GameStop in Bridgewater. After a little cajoling, Tim said he sold the phone to the store for $196.32.
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GameStop (GME) plunges after announcing $1.75B convertible notes offering. Dive into its strategy, Bitcoin ventures, earnings & analyst reactions.