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GameStop leads meme stock rally in pandemic trade comeback

Summary by Ground News
GameStop was one of the most heavily traded off-brand stocks during the pandemic. The theory was that if enough small investors got in the game and drove the stock higher, it would force large hedge funds with short positions (bets that the stock would fall) to capitulate and sell those positions at a massive loss. GameStop's stock ran from 65 cents in April 2020 to more than $120 by January 2021.

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Bias Distribution

  • 80% of the sources are Center
80% Center
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Star Advertiser broke the news in Honolulu, United States on Wednesday, March 22, 2023.
Sources are mostly out of (0)