GameStop stock prices are going up. Sounds good right but no not really. See it seems investor are doing a short squeeze meaning and they are selling and buying there stock back hoping in short to get money in there pocket.
“So why is this happening? Well, it seems like many are looking to create a short squeeze on GameStop. In simplest terms, shorting is where an investor borrows shares and then right away sells them. People do this when they expect a stock to then fall in price. If this happens, the investor then buys the stocks back at a smaller price compared to what they bought them for and returns those shares to the one that lent them in the first place. As a result, they’re then able to pocket the money that they made as a result. It’s an incredibly risky thing to attempt, but it can result in money made in a very short period of time if done effectively.”
Article:GameStop Stock Price Reaches All-Time High as Investors Attempt Short Squeeze (comicbook.com)
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