• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

GameStop Stock is Soaring

Prattay Mazumdar by Prattay Mazumdar
November 20, 2021
in Markets
0
GameStop
215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin

GameStopRetail financial backers are covering the week off with some terrible news. An archnemesis to the image stock armed force, Ken Griffin, is snatching one of the 13 unique enduring duplicates of the U.S. Constitution. Adding salt to the injury is the way that Griffin’s greatest rival was a gathering of financial backers pooling crypto to place the record in the possession of individuals. It appears to be the reaction to Griffin’s buy is a convergence of interest in GameStop (NYSE: GME), and GME stock is on the ascent accordingly.

You might also like

Congressional Clash on White House’s Electric Vehicle Initiative

Zomato shares worth Rs 1,125 crore sold in block deal

Grok, xAI’s new GenAI chatbot, starts rolling out to X Premium+ subscribers

Here’s how people are reacting:

$AMC $GME 💚 $DWAC $HOOD ❤️ just how i like it🙈🙉 pic.twitter.com/rqMkXDt1Ci

— ScrappyCoco (@ScrappyCoco9999) November 19, 2021

major$GME #GMESQUEEZE pic.twitter.com/Ehp5rwwyvk

— memez_BUFU (@memez_BUFU) November 19, 2021

 

Ken Griffin has a combative relationship with retail financial backers. As the CEO of Citadel, LLC, he came to be a foe of the individuals who purchased up GME stock from the get-go in the year. Stronghold’s kin organization, Citadel Securities, is the biggest market-production accomplice of Robinhood (NASDAQ: HOOD), which financial backers soured on after the stage stopped exchanging of GME and other vigorously shorted protections.

While Citadel is vocal with regards to the way that it was not enormously impacted by the fast enthusiasm for GME stock, it actually burned through billions to rescue individual mutual funds in danger of going under from their short positions. Joined with its cozy relationship to Citadel Securities, the mutual funds turned into a conspicuous objective for retail financial backers.

As fresh insight about Griffin’s triumph breaks today, financial backers are turning around to GME stock. The inundation of purchasing in GME on a generally newsless day for the organization fills in as a shameless affront to Griffin. The stock is shutting out the day down 9%; around 3 million offers are exchanging hands against a day-by-day normal of 2.8 million.

Tags: GamestopGMEMarkets
Tweet54SendShare15
Prattay Mazumdar

Prattay Mazumdar

Prattay is a Journalism and mass communication student. He is a deadline-oriented journalist with a passion for telling unique stories. Prattay is currently working as an intern at Techstory and can be reached at prattay@connasys.com .

Recommended For You

Congressional Clash on White House’s Electric Vehicle Initiative

by Harikrishnan A
December 9, 2023
0
Allegations of Massive Surveillance Program Unveiled: Senator Demands Transparency

Bipartisan Move Passes Bill to Block Stricter EPA Emission Rules The White House's bold push for electric vehicle (EV) adoption encountered fierce resistance in Congress as bipartisan legislators...

Read more

Zomato shares worth Rs 1,125 crore sold in block deal

by Ishaan Negi
December 8, 2023
0
Zomato shares worth Rs 1,125 crore sold in block deal

In a significant development on December 8, shares of Zomato Ltd worth Rs 1,125 crore changed hands in a block deal, raising eyebrows in the financial world. While...

Read more

Grok, xAI’s new GenAI chatbot, starts rolling out to X Premium+ subscribers

by Ishaan Negi
December 8, 2023
0
Grok, xAI’s new GenAI chatbot, starts rolling out to X Premium+ subscribers

In a move set to shake up the AI chatbot landscape, Grok, the latest creation from xAI, Elon Musk's artificial intelligence venture, is making its debut. Tailored exclusively...

Read more
Next Post
Micron Technology

Micron Shares Climb After Analyst Calls it a Top Pick

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Produce Read-Only or Write Protected USB Flash Drives with Nexcopy USB Duplicator Systems.

Related News

How To Beat Escape from the Castle Claymount

How To Beat Escape from the Castle Claymount

December 2, 2023
How To Redeem Codes in Fortnite

How To Redeem Codes in Fortnite

December 5, 2023
How to Get Ashenvale Mount Season of Discovery

How to Get Ashenvale Mount Season of Discovery

December 5, 2023
Blooket

How to hack blooket

September 30, 2022
ARK Invest Reduces Exposure in Cryptocurrency Market, Sells $33M of Coinbase Shares and $5.9M of Grayscale Bitcoin Trust

ARK Invest Reduces Exposure in Cryptocurrency Market, Sells $33M of Coinbase Shares and $5.9M of Grayscale Bitcoin Trust

December 6, 2023
How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

August 28, 2023

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?