1/12/2024 0 Comments Gme market watch![]() The forum r/WallStreetBets was central not only to the origins of this campaign, but also to its continued momentum through January and February 2021. protest movement following the Financial Crisis of 2007-08 in the United States. Though a principal goal of these individual investors was to financially gain from this effort, there was also a vocal desire to undermine the financial establishment and exploit the inconsistent regulatory enforcement of the industry, echoing the sentiments of the decentralized Occupy Wall St. In other words, institutional investors were betting against GameStop’s success the individuals of r/WallStreetBets worked together to prove that bet wrong by driving GameStop’s stock price up. “Shorting” is an investment strategy that assumes the stock in question will decrease in value. Read more to collectively buy and hold shares of the stock with the goal of forcing institutional investors shorting GameStop to buy it back at a higher price or take losses. Individual investors on the stock-trading-focused subreddit r/WallStreetBets mobilized as aĪ transient coalition of disparate political subcultures to work together for a common goal ![]() This was an unprecedented situation, as the dramatic rise in price was the result of the collective efforts of an online community to game financial algorithms. From January 4 to January 27, 2021, the share price of GameStop (GME) rose from $17.25 to a high of $347.51.
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