What was the highest price of GameStop stock? (2024)

What was the highest price of GameStop stock?

This caused a panic to begin and many investors to sell their stock to make a fortune. The result was GameStop's stock price dropping over 80 percent in less than a week. There have been moments where the stock surged again, but the all-time GameStop stock price high of $483 remains untouched.

What was highest GameStop stock price?

Did GameStop stock reach $300?

Mezrich, whose 2009 book about Mark Zuckerberg, “The Accidental Billionaire,” served as fodder for David Fincher's “The Social Network,” immediately recognized the potential drama in the GameStop phenomenon. On the day the company's stock surpassed $300 a share, he began plotting a book that could adapted into a movie.

What was GameStop at its peak?

GameStop's stock price peaked in January 2021 at $483 per share, costing some hedge funds billions and huge gains for retail traders. Gill was seen by many as a David standing up to a Goliath.

Why was GameStop stock so high?

The surge in GameStop shares was backed by strong options activity. Some 230,000 GameStop options contracts traded by 11:38 a.m. (1638 GMT) with the bulk in call options, typically bought to bet on shares climbing higher.

What is highest stock price?

If you wonder which company has the highest share price in the world, here is the answer. Berkshire Hathaway, the conglomerate headed by legendary investor Warren Buffett, has the most expensive stock in the world, with shares trading at over $400,000 each.

When did GameStop stock skyrocket?

GameStop (GME) stock price daily 2020-2023. Stocks of video game retailer GameStop exploded in January 2021, effectively doubling in value on a daily basis.

Did GameStop reach $500 dollars?

But the masses' collective action proved shockingly powerful: they pushed GameStop's price from under $3 to as high as $483 in late January 2021, causing the hedge funds that had bet against it to lose billions of dollars.

When did GameStop hit $500?

At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$500 per share ($125 split-adjusted), nearly 30 times the $17.25 valuation at the beginning of the month.

Who made money off GameStop?

Keith Gill learned about investing and became convinced that GameStop stock was undervalued, sharing this belief with others on Twitter (now X) with the handle RoaringKitty. He initially purchased $53,000 worth of GameStop stock in 2019. At the height of the GameStop surge, Gill's stock was valued at $48 million.

Why did GameStop drop so much?

GameStop's shares continued to decline in September after GameStop announced that Cohen had officially become the company's CEO. Cohen's survival memo to GameStop employees — which called for stringent frugality to streamline operations and steer the company toward profitability — did little to improve the situation.

Did Jenny from Dumb Money make money?

By the end of Dumb Money, Jenny Campbell is depicted as still holding onto her initial investment but still being in financial debt. It appears that the incredible financial gains she might have made selling at one point are no longer realistic figures.

When did GameStop go public?

in December 2000 in anticipation of holding an initial public offering for the company. In February 2002, the company once again became a public company via an initial public offering. Barnes & Noble retained control over the newly public company with 67% of outstanding shares and 95% of voting shares.

Is pump and dump illegal?

Key Takeaways. Pump-and-dump is an illegal scheme to boost a stock's or security's price based on false, misleading, or greatly exaggerated statements. Pump-and-dump schemes usually target micro- and small-cap stocks.

Could GameStop happen again?

Whether the exact events that happened during the GameStop phenomenon could ever be replicated is highly unlikely, most experts say.

Is GameStop still doing well?

The 3-year average annual revenue growth rate of GameStop is 1.8%, which ranks worse than 55.54% of 1046 companies in the Retail - Cyclical industry. The 3-year average EBITDA growth rate is 2.1%, which ranks worse than 63.29% of 899 companies in the Retail - Cyclical industry.

Which is No 1 share price?

What is the highest share price in India? The most expensive share in India is MRF Ltd (Madras Rubber Factory Limited). Its share price is Rs. 1,40,997.25 as of 23rd January 2024.

Can a stock go up 1000 percent?

When an investor invests in solid businesses that have long-term growth catalysts, with an intention to buy and hold these stocks for decades, enjoying over 1000% gains does not sound speculative or too good to be true. In the Russell 1,000, 33 companies gained over 1,000% since April 2013 through April 2023.

How high can a stock go?

Theoretically, there is no limit to how high the stock market can go. The value of the stock market is determined by the collective beliefs and expectations of investors, which can change over time based on a variety of factors, such as economic conditions, company performance, and geopolitical events.

When did GameStop stock go crazy?

Mezrich, who is also listed as an executive producer on "Dumb Money", told FOX Business in an interview that he witnessed GameStop shares "going crazy" in January 2021. "I knew it was like a story that was not just kind of a blip," he said. "It was an important kind of moment.

Did GameStop raise money?

GameStop shares climbed after the video game retailer said it sold 5 million additional shares, raising $1.13 billion in capital to accelerate growth.

How much did GameStop guy make?

As of 2023, several different sources reported Gill's estimated net worth to be around $30 million.

What will GameStop stock price be in 2030?

According to the Traders Union long-term price forecast GameStop (GME) can reach $14.37 by 2025, $11.82 by 2030, $10.13 by 2034.

How much cash does GameStop have?

Cash on Hand as of October 2023 : $1.20 B

According to GameStop 's latest financial reports the company has $1.20 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

Who owns GameStop?

Gamestop (NYSE: GME) is owned by 29.15% institutional shareholders, 20.11% Gamestop insiders, and 50.74% retail investors. Ryan Cohen is the largest individual Gamestop shareholder, owning 36.85M shares representing 12.06% of the company. Ryan Cohen's Gamestop shares are currently valued at $562.30M.